Ray L. Thomas and Sheldon I. Oster, founders of Houston-based Bunker Hill Insurance Agency Inc. and Shel-Ray Underwriters Inc., are retiring. L. Byron Way, currently executive vice president of Bunker Hill, has been named president and chief operating officer.
Southwest Insurance Partners Inc. (SWIP) acquired Bunker Hill and Shel-Ray at the end of 2007. As part of this transition the two companies will merge and operate as Bunker Hill Insurance Agency Inc.
In other changes at Bunker Hill, Financial Director Suzanne Hartmann-Linck will join the parent company as controller, and Mary Beth Martin will become controller at Bunker Hill. Also, a new branch office will be opened by year end in Austin.
Bunker Hill is a national underwriting agency. SWIP is a Texas holding company formed in 2007 to acquire operating companies and make strategic investments in the insurance industry. SWIP also owns Southwest Risk, a property casualty wholesale broker based in Dallas and is awaiting closing of its most recent acquisition, a life and health insurance company licensed in 48 states.
Source: Bunker Hill Insurance Agency
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