Lockhart Resigns as Kinloch Insurance CEO; Genatt Takes Over
New York-based Kinloch Holdings, Inc., an insurance brokerage holding company focusing on middle market clients, announced today that founder and CEO Robert Lockhart has resigned to pursue other opportunities.
Steve Genatt, a principal in the firm, will serve as the organization's CEO.
The company has employee benefits and property and casualty brokerage operations in Manhattan, New Jersey, Long Island and Boston.
Lockhart launched the privately-held Kinloch in October 2006, with the acquisition of Long Island-based Genatt Associates, a New York Metropolitan area broker with specialized expertise in the real estate, construction, transportation, healthcare and hospitality industries. Genatt's firm became the platform company for the broker's northeast hub.
Kinloch expanded into New England in October 2007 when Bob De Blasio was brought onboard to spearhead Kinloch's Healthcare Industry Practice out of Boston.
In January, Kinloch acquired Olympic Insurance Agency, Inc., a New Jersey-based employee benefits and property & casualty agency.
The Olympic Agency was owned by New Jersey Senate President
Richard J. Codey.
The firm's key investors include CCP Equity Partners, Northaven Management and Hovde Private Equity Advisors.
Source: Kinloch
www.kinlochholdings.com
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