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Reaching new heights
Every cloud has a silver lining, and the cloud of 2020 is no exception. Thanks to COVID-19, hurricanes, wildfires and civil unrest, the net income of US insurers dropped roughly 25% year-over-year during the first nine months of 2020, according to the Insurance Information Institute (III). Yet despite the overall bearishness of the market, insurers delivered an estimated $14 billion in premium relief to auto insurance clients, donated nearly $300 million to charities and largely retained the industry’s 2.8 million-strong US workforce – all with only modest increases in premiums, according to III CEO Sean Kevelighan.
Kevelighan told attendees at the virtual 2021 Catastrophe Risk Management Conference in March that “2020 proved how this industry can lead through disruption. We can adapt. We can innovate. We can keep our promises and pay claims – even during a global pandemic.”
In an additional silver lining, many individual producers have done quite well for themselves over the past year. IBA’s seventh annual Top Producers list features 128 producers from around the country, all of whom reached the $1 million threshold in commission revenue in 2020. Of these, 15 producers crossed the $4 million mark, and one even cracked $11 million. While most of this year’s Top Producers are veterans with more than 11 years of experience, the group also contains a solid showing by individuals new to the industry. From entertainment industry entrepreneurs to transportation experts and real estate gurus, these 128 men and women represent some of the best and brightest talent the US insurance industry has to offer.
The importance of expertise
One of this year’s highest-grossing producers is Robby McGehee, president of Smith McGehee Insurance Solutions in Clayton, Missouri, who entered the industry after a stint as a race-car driver.
“I graduated college in 1997 and continued my dream to race cars professionally,” he says. “I was blessed to be able to say I got to live my childhood dream when, after years of preparation at the lower levels, I had an opportunity to drive in the 1999 Indianapolis 500, where I finished fifth, received the Rookie of the Year Award and was propelled into a five-year career of earning my living driving 200-plus every weekend.”
Throughout his racing career, McGehee also worked in IT at his father’s insurance company, which was sold in 2004, the same year he got out of racing. McGehee stayed on and, in 2011, opened Smith McGehee Insurance Solutions, where he specializes in construction liability.
“We had our best year under COVID,” he says. “There was a three-month period where new development paused, and we paused with it. But when it turned back on, so did we, and it came back good.”
McGehee attributes his competitive advantage to three principles he learned from his father: honesty and integrity, business knowledge, and a willingness to serve.
“Buying the client a beer at the ballpark is fun, and I do it, but it’s not in the top 10 reasons of why we work together,” he says.
Rather, one of the key reasons McGehee has been able to maintain a loyal client base is that he not only provides cost-effective insurance coverage, but also spends a good chunk of his time talking with general counsels and attorneys about all types of claims.
“It’s certainly not exciting,” he says, “but that’s when it matters, and the clients know this.”
Going forward, McGehee says he’s focused on growing his business and in-house talent. The only things that can keep him from producing more, he says, are limited capacity and having less energy as he gets older.
His advice to those producers just getting into the industry? “Learn the business,” he says. “Be the best at the product you’re selling. If I go into a room to talk about insurance, if I’m not the smartest guy, we’ve got a problem! There are very successful producers who depend on supporting expertise. I would say to gain the expertise your-self. Just my way of doing it – no way is wrong if the business comes in.”
Building relationships
Another of this year’s highest-grossing producers, Annie Fleming, studied risk management and insurance at the University of Georgia before embarking on a 17-year-plus career specializing in insurance for the real estate, construction, hospitality and retail industries. She’s currently the managing director of the hospitality and real estate unit at Beecher Carlson.
Fleming says the pandemic has propelled her to discover new and creative solutions to optimize connections with clients and markets. But while the technology is great, she says, nothing will ever completely replace in-person interaction with clients, under-writers and industry partners, which she feels is the best way to solidify the trust that’s essential to relationships in this industry.
“I am passionate about partnering with clients to help them solve complex problems,” Fleming says. “I work to involve my clients in the development and implementation of strategies, negotiations, and overall process, enabling us to fully understand each organization’s goals and objectives and help to achieve them. I believe in white-glove customer service as well. While the renewal process is extremely important, so is the day-to-day customer service of an account. I take this very seriously and personally.”
In the current market, she says, certain risks have become increasingly challenging, but Beecher Carlson has designed and implemented solutions and structures that are popular with clients.
“We believe in analyzing a client’s total cost of risk, not just selling insurance,” Fleming says. “The more complex an account, the more we are able to excel by structuring unique solutions for our clients.”
Looking ahead to the remainder of 2021 and 2022, Fleming plans to further expand her book of business with best-in-class insurance and risk management programs and by offering superior customer service. And she can’t wait to travel again and meet face-to-face with clients and business partners.
For young producers just starting out in the industry, Fleming advises them to “focus on your clients and align with a mentor. Focusing on your clients keeps you working toward your and your clients’ shared goals and objectives and helps you to deliver the best insurance programs and solutions possible. Aligning with a mentor can help you to establish a direction for yourself and to develop your career.”
- Adam Sammons
Vice president, Marsh & McLennan Agency
- Adam Sopenski
Risk advisor, RRL Insurance Agency
- Alexander H. Carothers III
Commercial P&C risk advisor, Harmon Dennis Bradshaw
- Alka Manaktala
Vice president, IOA Insurance
- Allen Chapman
Executive vice president, HUB International
- Annie Fleming
Managing director, Beecher Carlson
- Anthony Miller
CEO, GS Insurance Solutions
- Bart McGowan
Executive vice president Marsh & McLennan Agency
- Béat Koszinowski
Producer, The Buckner Company
- Ben D. Smith
Managing director, Higginbotham
- Bob Bamberger
Executive vice president, Marsh & McLennan Agency
- Bob Hendren
Managing director – business insurance, Higginbotham
- Bolling (Trey) Starke III
President, Starke Agency
- Bradley Meinhardt
Area executive vice president; managing director, aerospace, Gallagher
- Brett Nilsson
Senior vice president, producer, The Buckner Company
- Brian Gilberg
Vice president, Odell Studner
- Brian Hall
Partner, Overmyer Hall Associates
- Brian King
Partner, AHT Insurance, a Baldwin Risk Partner
- Brian Krimpelbein
Principal/relationship manager, HNI Risk Services
- Brian Schneider
Managing director, Higginbotham
- Brigitte M. Egbert
Executive vice president, Monarch Insurance Services, an Acrisure Agency Partner
- Bruce Ball
CEO, Britton Gallagher
- Bryan Moore
President, risk advisor, IBTX
- Carlos A. Chinchilla
Senior executive vice president, Frank H. Furman, an Acrisure Agency Partner
- Charles Fontenelle
President/producer, Fontenelle & Goodreau Insurance
- Charles Humphrey
Commercial P&C risk advisor, Harmon Dennis Bradshaw
- Charles Reynolds
Senior vice president, HUB International
- Chase Carlisle
Vice president, Carlisle Insurance, an Acrisure Agency Partner
- Chip Hoover
Executive vice president, Marsh & McLennan Agency – Southeast
- Chris Leming
Senior vice president, TROXELL
- Christopher F. Trapani
Executive vice president, Eagan Insurance Agency
- Christopher Hopper
CEO, Crosby Insurance
- Clinton Anderson
President, national specialty practice, HUB International
- Curtis Page
Managing director, healthcare practice leader, Higginbotham
- Dan Overmyer
Partner, Overmyer Hall Associates
- Dan Peck
Vice president – construction practice, James G Parker Insurance Associates
- David McKinnon
Senior vice president Fisher Brown Bottrell Insurance
- Davor Mimica
President and CEO, InSource
- Edward M. Smith
Executive vice president, Marsh & McLennan Agency
- Eric Beck
Senior vice president, national nonprofit practice leader, Marsh & McLennan Agency
- Eric Leedom
Area vice president, Gallagher
- Eric Weiser
Agency president, AssuredPartners
- Frank Barbella
Founder and CEO, SOLV Risk Solutions
- Frank J. McMackin IV
Area senior vice president, Gallagher
- Frankie Harris III
Executive vice president of sales, AssuredPartners
- Gary Wells
Managing partner, The Liberty Company Insurance Brokers
- Greg Myers
Executive managing director, Beecher Carlson
- Gregory W. Havemeier
Senior vice president, Gulfshore Insurance, an Acrisure Agency Partner
- Jack A. Carra
Senior vice president of sales, AssuredPartners
- Jacob Barzivand
Producer, Paramount Exclusive Insurance
- James Oh
Executive vice president, Marsh & McLennan Agency – Southeast
- James W. Untiedt
President, PentaRisk Insurance
- Jason Young
Senior vice president, Fisher Brown Bottrell
- JD Powers
President, POWERS Insurance & Risk Management
- Jeff McIntosh
Agent, Energy Insurance Agency
- Jerrime Kitsos
Senior vice president, HUB International
- Jimbo Floyd
President, Turner Wood & Smith
- Joe Thompson
Partner/client advisor, Gulfshore Insurance, an Acrisure Agency Partner
- Joel Hirschfeld
President, Hirschfeld & Associates Corp.
- John Costello
Executive vice president, sales, AssuredPartners
- John Daughton
President, Vanner Insurance Agency
- John Gaynier
Executive vice president, Rogers Gray
- John Henry Ward
Vice president, sales executive, AssuredPartners
- John J Sirabella Jr.
Account executive, CLG Insurance, an Acrisure Agency Partner
- Jonathan Axel
Managing partner, The Liberty Company Insurance Brokers
- Joseph DeLucchi
President, CAL Insurance & Associates
- Joshua Jabour
Sales executive, AssuredPartners Aerospace
- Karin Venegas
Managing director – business insurance, Higginbotham
- Karl Henley
Executive vice president, partner, SeibertKeck Insurance Partners
- Kyle A. Kozel
Senior risk consultant Lakenan Insurance
- Larry Hansard
Area director – healthcare practice, Gallagher
- Leslie McLerran
Vice president, producer Falcon, Insurance Agency of Houston
- Marcus Eagan
Vice president, Eagan Insurance
- Mark Doscher
Principal, Marsh & McLennan Agency
- Mark Harrington
Account executive, Taggart Insurance
- Matthew Harrell
Managing director, Franklin Street
- Maureen Gallagher
Agency presiden,t AssuredPartners
- Michael Abacherli
Account executive, HD Segur, an Acrisure Agency Partner
- Michael Dix
Producer, Smith Manus, an Acrisure Agency Partner
- Michael Kellam
COO, Ware Insurance
- Michael Pollack
Executive vice president, The Flanders Group, an Acrisure Agency Partner
- Michael Shea
Executive vice president, LassiterWare Insurance, an Acrisure Agency Partner
- Michael Sullivan
Vice president, growth practice lead, Embroker
- Michael Tomasulo
Managing partner, AHT Insurance, a Baldwin Risk Partner
- Michael Trammell
Senior vice president, Ironwood, a Marsh & McLennan Agency Company
- Mike Todorovich
President, Lockton Companies
- Nathan Durham
Executive vice president, Marsh & McLennan Agency
- Neal Papevies
Senior vice president, Beecher Carlson
- Paul Praxmarer
Agency president, producer, AssuredPartners
- Phillip Lane
Vice president, Insurance Office of America
- Phillip Masi
Agency president, AssuredPartners
- Ray Deaton
Executive vice president and COO, Commercial Insurance Solutions, an Acrisure Agency Partner
- Richard Lonneman
Executive vice president, sales, AssuredPartners
- Richard Terlecki
Area senior vice president, Gallagher
- Robby McGehee
President, Smith McGehee, an Acrisure Agency Partner
- Robert Baldacci
Account executive, National Housing Insurance Group
- Robert Culpepper
Senior executive vice president, Marsh & McLennan Agency
- Roberto C. Menendez
Commercial risk advisor, Frank H. Furman, an Acrisure Agency Partner
- Russ Wardlaw
President and partner, Insuramax
- Ryan Hurley
Producer – sales, AssuredPartners
- Ryan Moss
Managing partner, Higginbotham
- Ryan Schmidt
Client advisor/partner, Gulfshore Insurance, an Acrisure Agency Partner
- Ryan Spalding
CEO, Worthy Insurance Group
- Ryan Von Haden
Partner/vice president, business insurance specialist, TRICOR Insurance
- Sam Sackler
Senior vice president, Fisher Brown Bottrell
- Sarah Wheeler-Monyette
Senior vice president, Marsh & McLennan Agency – Southeast
- Shawn Budney
Vice president, Acentria Insurance
- Shawn P. McBride
President, Acrisure Affiliated Insurance Agencies
- Stephen A. Stefanski Jr.
Executive vice president, sales, AssuredPartners
- Steven Fisk
Principal, Marsh & McLennan Agency
- Tim Powers
Broker, Missouri General Insurance Agency
- Tim Spear
Client advisor/partner, Gulfshore Insurance, an Acrisure Agency Partner
- Timothy Cline
CEO, Cline Agency Insurance Brokers
- Todd Jackson
Senior vice president, Bolton & Co.
- Tom Quintero
Vice president of risk management solutions, IBTX
- Tressa Bishop
Vice president, community associations insurance practice, USI Insurance Services
- Trevor Gilstrap
Senior vice president and energy practice leader, AssuredPartners
- Trey Wood
Executive vice president, Turner, Wood & Smith Insurance
- Vik Patel
Vice president, Acentria Insurance
- Wayne Willis
Executive vice president, employee benefits, AssuredPartners
- Will Denbo
Managing partner, Commercial Insurance Associates
- Will Giambalvo
Area senior vice president, Gallagher
- Zachary Fanberg
Vice president, Eagan Insurance