COLUMBUS, Ohio--(BUSINESS WIRE)--BroadStreet Partners, a leading national insurance broker, announced today Bruce D. Guthart has joined its Board of Directors.
"We are pleased to add to the depth and experience level of our Board with the addition of Bruce. His background in our business and direct leadership as a CEO and COO of both public and private insurance brokers will add valuable perspective as we continue our growth." - Richard Miley, President and CEO BroadStreet Partners.
In 1993, Guthart led the initial public offering of Old Lyme Insurance Company (NASDAQ:OLHC) and then merged it with his privately held insurance brokerage, Kaye Insurance Group (NASDAQ:KAYE). He then became Chairman, CEO of the renamed company. In 2001, Guthart negotiated the sale of Kaye to Hub International Ltd. (NYSE:HBG). He participated as Hub grew and went public in 2002. He continued with Hub as COO through 2009. During his tenure at Hub, revenues grew from $100 million to over $800 million, via a combination of organic growth and over 100 acquisitions, while operating margins improved 50%. Guthart was involved at the deal-making stage and oversaw the integration of acquisitions.
Guthart served on the Hub Board of Directors while publicly traded, and has served on the Board of The Council of Agents and Brokers. He has also been a member of The Worldwide Brokers Network Owners Committee and the Board of Overseers of the School of Risk Management, Insurance and Actuarial Science (SRM) at St. Johns University.
Headquartered in Columbus, Ohio, BroadStreet Partners is a leading national insurance brokerage that provides property/casualty, employee benefits, personal lines, life and other insurance products through 65 offices throughout the United States.
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