H. Wade Reece News

BB&T Insurance CEO Reece to Retire; Howard Named Successor

Winston-Salem, N.C.-based BB&T said that H. Wade Reece, chairman and CEO of BB&T Insurance Holdings Inc., will retire at the end of the year. Reece will complete a 37-year career with BB&T in which BB&T Insurance Holdings has grown through …

Trustees for LexisNexis Insurance Exchange Named

The insurance technology platform that promises to streamline transactions between insurance agents/brokers and their carriers now has a formal advisory board to guide data privacy, pricing and other policies. The new Insurance Exchange Trust Inc. is charged with overseeing the …

Growth Beneath the Radar

Don’t be fooled by the news headlines: Not all of the insurance industry is in retreat mode. In fact, in some pockets, agencies, brokers and carriers are continuing to pursue downright aggressive growth strategies. And many are even seeing positive …

BB&T to Acquire Florida’s J. Rolfe Davis Insurance

BB&T Insurance Services, the nation’s sixth largest insurance broker, reports it plans to acquire J. Rolfe Davis Insurance of Maitland, Fla. Founded in 1942 by former Orlando mayor J. Rolfe Davis, the privately-held broker is ranked among the nation’s top …

People

Safeco Insurance and Indiana Insurance, both Liberty Mutual Agency Markets companies, recently announced key management appointments to lead their respective personal and commercial lines operations in their Midwest territory. Christopher T. Allen was named vice president, Safeco Insurance, and Midwest …

RJF Agencies’ Fleming Named to Board of Directors for Agents’ Council

Tim Fleming, president of RJF Agencies, has been named to a three-year term on the board of directors of The Council of Insurance Agents & Brokers (CIAB), a trade association representing domestic and international commercial insurance agents and brokers. Fleming …

Tom Hughston, executive vice president of North Texas-based Roach Howard Smith & Barton (RHSB), has been named to the board of directors of The Council of Insurance Agents & Brokers, a trade association representing domestic and international commercial insurance agents …

Texas Exec Named to The Council of Insurance Agents & Brokers Board

Tom Hughston, executive vice president of North Texas-based Roach Howard Smith & Barton (RHSB), has been named to the board of directors of The Council of Insurance Agents & Brokers, a trade association representing domestic and international commercial insurance agents …

Business Moves

NSM Insurance, Insurex NSM Insurance Group, a national wholesaler and program manager based in Conshocken, Pa., has acquired Insurex, a California-based workers’ compensation brokerage. The acquisition “immediately expands our ability to provide new national workers’ compensation markets to our independent …

Business Moves

B&T, UnionBanc Insurance Raleigh, N.C.-based BB&T Insurance Services has reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition would expand BB&T’s insurance operation in California, where …