Brown & Brown, Inc. names Stephen P. Hearn as executive vice president and chief operating officer

Core Insights - Brown & Brown, Inc. has appointed Stephen P. Hearn as executive vice president and chief operating officer, effective immediately, following his resignation from the board of directors [1][2] - Hearn brings 35 years of experience in the insurance industry and will focus on scaling operations, fostering innovation, and developing talent within the company [2][3] - The company aims to achieve an interim revenue goal of $8 billion, leveraging Hearn's expertise to drive operational excellence and identify potential acquisitions [3] Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm established in 1939, with over 500 locations and a workforce of more than 17,000 professionals [5] - The company is dedicated to providing customer-centric risk management solutions and innovative strategies to support clients throughout their growth journey [5] Leadership Background - Stephen P. Hearn has held various leadership roles in the insurance sector, including CEO positions at The Ardonagh Group and Corant Global, and has extensive experience with Willis Group Holdings [4] - His previous roles include significant positions in reinsurance broking and insurance brokerage, showcasing a strong background in the industry [4]