Powell Brown, President and Chief Executive Officer of Brown & Brown, Inc., expressed his confidence in Steve Hearn’s leadership, highlighting his extensive experience and operational expertise. Powell Brown stated that “Steve is an ideal choice to execute our playbook that is designed to drive excellence, scale and market-leading position. With his impressive 35-year track record, reputation within the industry and current operational focus, he is uniquely qualified to lead the retail business going forward and serve as a driving force for U.S. and international growth. His continued leadership will enable us to unlock new opportunities, foster greater innovation and increased teammate collaboration, as well as steward the ongoing integration of Accession Risk Management Group.”
In his expanded role, Steve Hearn will oversee the continued growth and optimisation of Brown & Brown’s global Retail platform, supported by an enhanced senior leadership team. Together, they will focus on expanding the company’s market presence and delivering world-class solutions that create value for customers, carrier partners, and shareholders, while also generating new opportunities for teammates across the organisation.
To support the company’s international operations, Steve Hearn will divide his time between the United Kingdom and the United States. He will remain active in the UK and the broader European market, while also maintaining a presence at Brown & Brown’s headquarters campus in Daytona Beach, Florida. Plans are already underway for his full relocation to Daytona Beach, subject to the approval of required work visas.
The company also announced that Barrett Brown, who previously served as President of the Retail segment, will be taking a personal leave of absence.
Brown & Brown, Inc. (NYSE: BRO) is one of the world’s leading insurance brokerage firms, providing comprehensive and tailored insurance and risk management solutions. Founded in 1939, the company operates from more than 700 locations worldwide and employs over 23,000 professionals. With a strong commitment to innovation, customer success, and scalable growth, Brown & Brown continues to help clients navigate risk and achieve sustainable progress.
This announcement may contain forward-looking statements regarding future results and business developments. These statements are based on Brown & Brown’s current expectations and beliefs, but are subject to various risks and uncertainties. Actual results may differ materially from those expressed or implied. Further information can be found in Brown & Brown’s filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update these statements following the date of this release.
