Starkweather & Shepley announces major executive overhaul

Starkweather & Shepley announces major executive overhaul | Insurance Business America

Insurance News

Starkweather & Shepley announces major executive overhaul

New CEO and trustees named

Insurance News

By
Althea Javellana

In the wake of the retirement of Lawrence E. Keefe, Starkweather & Shepley Insurance Brokerage has unveiled significant leadership transitions and key personnel appointments. After nearly four decades of service, including over seven years at the helm as Chairman and CEO, Keefe has stepped down, marking the end of an era for the company.

Under Keefe’s stewardship, the agency witnessed significant expansion, elevating its annual revenues to close to $80 million. The firm’s workforce grew to include over 300 associates spread across 15 offices nationwide, evidencing its robust development under his leadership.

Starkweather & Shepley has not only grown in size but has also cemented its standing in the insurance sector, earning multiple honors. These include placements on the Insurance Journal’s Top 100 Agencies and Top 50 Property & Casualty Insurance Brokers lists, as well as being recognized among the nation’s best personal lines agencies. The firm is also frequently listed as one of the best places to work within the industry.

The company is proud to announce Elizabeth A. Lowe and Richard W. Anderson as new trustees. Lowe, who joined the company in 2014, has significantly influenced various aspects of the agency, from technical operations to leadership across multiple departments. Anderson, who started in 2016 as chief financial officer, played a crucial role in navigating the company through the challenges of the COVID-19 pandemic.

A unique feature of Starkweather & Shepley is its status as a trust-held agency since 1935, ensuring its private ownership and providing stability and continuity for its clients.

Furthermore, Peter C. Plumb has been named the new chief executive officer, starting June 12, 2024. Since joining the agency in 2009, Plumb has held several key positions, most recently as chief operating Officer. His deep understanding of the industry and forward-looking vision are expected to propel the agency into its next growth phase.

Andrew J. Fotopulos, chairman of Starkweather & Shepley, expressed enthusiasm about the new appointments, highlighting their crucial roles in steering the agency through the evolving insurance landscape. As the agency looks forward, it remains dedicated to maintaining its tradition of excellence while adapting to the dynamic needs of its clients, associates, and communities.

Do you have insights or opinions on these leadership changes at Starkweather & Shepley? Share your thoughts in the comments below.