Smith brings more than 30 years of senior leadership experience with the industry's leading brokerage firms to his new position with Palmer & Cay. He most recently served as executive vice president with
Established in 1868, Palmer & Cay recently expanded its footprint to include offices in
During his tenure at Marsh, Smith held a number of senior management roles, including managing director of Marsh's
Palmer & Cay's commitment to growing and maintaining its unique culture attracted Smith to the 148 year old firm. "It became apparent to me that Palmer & Cay had many similarities with the original Johnson & Higgins culture which was highly successful in its day. Like J&H, Palmer & Cay places equal emphasis on clients and colleagues, aligning the success of both as a single and inseparable goal. Clients buy culture and the best colleagues in the industry are seeking a positive culture in which to work and succeed," Smith said.
"The focus on culture, quality services and long-term client relationships has long since disappeared from the national insurance brokerage field due to mega-mergers and public offerings, and this void creates an increasing demand for client-focused brokerage firms such as Palmer & Cay. I see extraordinary accomplishments ahead for Palmer & Cay, its clients and its colleagues, and I'm excited to now be a part of this growing organization," Smith observed.
In his role as vice chairman, board member and partner at Palmer & Cay, Smith will play a pivotal role in developing the firm's long-range strategy and expanding its focus on specialty industry niches and risk management services. Smith's initial focus will be to build Palmer & Cay's presence in the Northeast region where the firm will focus on middle market and large commercial companies, with a particular emphasis on the private equity sector. Combining Smith's extensive experience in the private equity field with Palmer & Cay's existing due diligence expertise will create immediate synergistic value for current and prospective private equity clients.
For company executives, Smith's move is further validation of the Palmer & Cay business model. "John's decision to join our firm is exhilarating. He shares our cultural values, believes in the Palmer & Cay vision, and brings an immense amount of experience and insight to our team," stated
Palmer & Cay is a specialty brokerage firm providing property and casualty insurance and risk management consulting services to middle market and large corporate clients throughout
Palmer & Cay's newest office is located at
For more information regarding Palmer & Cay, visit www.palmerandcay.com.
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SOURCE Palmer & Cay