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D. Michael Sherman has been appointed to the newly created position of vice chairman of AssuredPartners Inc., the Lake Mary, Florida-based independent insurance agency said Tuesday.
Mr. Sherman will focus on leadership development and continued expansion of AssuredPartners, the company said in a statement.
Mr. Sherman is based in Naples, Florida, and reports to AssuredPartners Chairman and CEO Jim Henderson.
Mr. Sherman also will continue as chairman and CEO of Dawson Cos., an AssuredPartners platform company with offices in Florida, Ohio, North Carolina and Virginia. Mr. Sherman joined Dawson in 1978.
U.S. and Canadian buyers and sellers announced 165 mergers and acquisitions of insurance agents and brokers in the first half of 2014, with a significant number involving private equity-backed firms.
Brokers' 2014 mergers and acquisitions activity is highest since 2008
Brokerage buying spree made 2014 a record year for mergers and acquisitions
Many employers keep or expand benefits to domestic partners to retain talent
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