New York-based Kinloch Holdings, Inc., a newly formed insurance brokerage holding company focusing on middle market clients, has named Thomas E. O’Neil as executive vice-president.
Prior to joining Kinloch Holdings Inc., O’Neil was the chief operating officer of USI Holdings. During his tenure, he helped the firm grow from $50 million in revenues to almost $500 million. He was a key member of the management team that took the company public in 2002. After the initial IPO, he completed and fully integrated nine acquisitions, including the acquisition of Summit Global Partners – the largest transaction in USI history.
Kinloch plans to grow through a combination of acquisitions and organic growth. The company is targeting brokers with a strong, regional presence or product focus. It is concentrating on building regional hubs by rolling in smaller firms and producer teams with complementary products and services. Kinloch’s first hub will be in the New York Metropolitan area, where it recently acquired Long Island-based Genatt Associates – a leading New York broker with specialized expertise in the real estate, construction, transportation, healthcare and hospitality industries.
Source: Kinloch Holdings, Inc.
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