Insurance brokerage Baldwin Connelly has announced it will be "transitioning into two new firms with separate ownership" effective December 31.
Baldwin Connelly works with individuals and businesses in managing their corporate, employee benefit, and private risk programs. In announcing the move, the company said in a prepared release that, "Over the past year, as the firm has continued its industry-leading growth, there have been different opinions internally on the long-term vision for the company. This led the partners to conclude that reorganization is the best option."
The new entity that will be led by Lowry Baldwin will be headquartered in Tampa, with offices in Naples, Atlanta, and Charlotte. That company will continue as a regional boutique insurance and risk management firm. The entity to be led by John Connelly will be headquartered in Clearwater, with an office in Brandon. Along with the Baldwin Connelly Family of Companies' firms of Carlisle Fields and Nichols Insurance, It will focus on leveraging the existing risk management platform, partnering with USAmeriBank.
There will be no staff reductions and each new firm will be announcing its new company name in December.
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