ISU Group forms advisory board after acquisition of Steadfast | Insurance business America
The group is bringing in experienced industry experts to join the newly assembled lineup
Insurance News
By Roxanne Libatique
ISU Group, one of the oldest insurance brokerage networks in the United States, has announced the formation of a new advisory board following its acquisition by Steadfast Group (Steadfast).
ISU Group began as a franchise over four decades ago. It currently includes 230 members in more than 40 states and has partnerships with over 75 insurance carriers and wholesalers.
The new advisory board of the ISU Group
ISU Group CEO TJ Ryan said the new advisory board and its members will play a key role in identifying opportunities for the group’s growth.
“The Advisory Board consists of experienced industry experts and thought leaders who will play a critical role in identifying key opportunities, guiding ISU Group’s strategic decisions, driving innovation and driving customer value,” he said.
Members of the ISU Group Advisory Board
Gregg Calestini
Calestini has more than three decades of experience in the industry and has held senior positions at Safeco, Allstate and Royal & Sun Alliance. He was instrumental in founding Amwins and Mercator Risk Services.
In 2008, he founded InStrategy Group, a consulting and recruiting firm for the insurance industry.
Jim Hackbarth
Hackbarth served as president and CEO of Assurex Global, a leading risk management insurance broker, for nearly 20 years.
Since retiring in 2021, he has held board roles and early-stage venture capital investments in insurtech companies. Previously, he founded Cornerstone Partners, a consulting firm specializing in executive recruiting and joint ventures.
Eric Hall
With over 30 years of experience in the property and casualty insurance industry, Hall has held leadership roles focused on business strategy, sales and marketing, technology architecture and industry communications.
In an earlier statement, Robert Kelly (pictured) – the founder, managing director and CEO of Steadfast – said the group had been considering entering the US market for five years.
“We wanted to enter into a long-term strategic partnership with an existing independent agent network in the US to create a distribution and platform to implement our service offering,” he said. “I am incredibly happy that our journey to the USA began with ISU. ISU is a great fit for us. They bring an outstanding management team and existing scale, and we share complementary values with our employees and customers. That was a key consideration for us.”
Highlighting the impact of Steadfast’s recent acquisition of ISU Group, Ryan said: “With Steadfast’s recent acquisition of ISU, I am very confident that Steadfast’s extensive expertise and resources will enable us to continue to innovate our service offering “We are strengthening our position in the US insurance market.”
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2024-05-27 16:45:00
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