Malhoit Named VP of Team Insurance Group

Team Insurance Group, based in Tulsa, Okla., announced the addition of Tim Malhoit as a vice president in the organization. In welcoming Malhoit, the company said his hiring marks another move forward in Team’s strategic growth initiative.

“One of the main reasons I was compelled to join Team is the excellent opportunity for growth,” said Malhoit. “The acquisition by TeamBank [in 2002] dramatically expanded Team’s business opportunities. While the agency was already fully equipped to respond to client needs in the employee benefits and property and casualty realms, now Team can offer a true ‘one-stop shop.'”

Prior to joining Team, Malhoit was with Seabury & Smith, a Marsh Inc. subsidiary, where he served as vice president in the Tulsa office. During his career, Malhoit has worked in every aspect of the business, including acting as sales leader; contracting with providers and insurance carriers; managing a third-party administrator; selling; managing key client relationships; training; and overseeing office operations.

Thanks to his 21 years of industry experience, Malhoit has an extensive understanding of employee benefits. “With his industry knowledge and expertise, Tim is exactly the type of person Team is seeking as we continue to broaden our market reach,” said Paul Fredette, executive vice president of Team. “And bringing in the right people is fundamental in our efforts to create a first-class professional services firm.”

Team recently began implementing its growth strategy, which includes recruiting high-impact salespeople, the acquisition of insurance agencies, and the recruitment of established agents and the purchase of their books of business. Additionally, Team’s plan includes leveraging Team Financial’s geographic banking system and further developing a team-oriented work environment.