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Burns & Wilcox Brokerage announced on Thursday that it has appointed Adrian Smith and a team of three specialty insurance brokers to grow its Chicago office's brokerage capabilities.
The team will focus on the continued development of the brokerage's property/casualty offerings in a variety of specialties including commercial construction, energy and environmental service contractors, complex products liability, residential real estate development and transportation and heavy wheels business with high-risk characteristics, Burns & Wilcox Brokerage said in a statement.
Adrian Smith will serve as senior vice president. He is joined by a team of property/casualty brokerage specialists including Steve Bartell, Jody Oster and Erich Steinhaus, according to a statement.
Previously, Mr. Smith was senior vice president at Maximum Independent Brokerage L.L.C., while Messrs. Bartell and Steinhaus and Mr. Oster were brokers at Maximum, according to a Burns & Wilcox Brokerage spokesman.
“There is a tremendous amount of opportunity in the wholesale insurance industry as a result of the ongoing consolidation,” Alan Jay Kaufman, chairman, president and CEO of H.W. Kaufman Financial Group, Burns & Wilcox, said in the statement. “Further developing the brokerage team in our Chicago office enhances the pre-existing capabilities of Burns & Wilcox Brokerage by providing clients access to brokers with expertise in some of the hardest-to-place risks in the world.”
Steve Hearn, CEO of Cooper Gay Swett & Crawford Ltd., will become CEO of the brokerage's Lloyd's of London broker CGNMB L.L.P. when Gordon Newman retires from that role Wednesday, the brokerage announced Monday.