Marsh names new Nashville office chief

Gallagher exec makes move, Pennisi staying on in client service role
Aug 1, 2014 1:49 PM

Lockton recruits Willis SVP

Exec was president of Direct General for almost three years
Jul 11, 2014 7:21 AM

Willis could add hundreds of local jobs

Insurance broker looking to move 3,500 workers to lower-cost sites
May 20, 2014 7:07 AM

Local insurance brokers have new parent

Chicago-based company buys California competitor with Brentwood office
Jan 9, 2014 10:52 AM

Regional insurance broker buys benefits firm

Hylant adds two industry veterans to local leadership group
Jan 16, 2013 2:12 PM

Insurance broker launches special risk unit

14-year-old firm recruits ex-CBIZ division president
Sep 7, 2012 7:26 AM

First Horizon Insurance sold

Seven people laid off here, unit's CEO to exit after deal's completion
Mar 31, 2011 4:56 PM

Insurance broker names local office chief

Jake Blackshear has been promoted to senior vice president and office leader at Crump Insurance Services, a national wholesaler of commercial products that's based in Atlanta.
Jun 11, 2010 7:11 AM

Ex-management buys local insurance brokerage

An investor group has purchased life insurance broker Millennium Brokerage Group from St. Louis-based Enterprise Financial Services Corp., according to an announcement issued yesterday by the publicly traded parent company. The unnamed buyers are said to be mostly former managers at Millennium. The price: $4 million, cash. From its downtown Nashville headquarters, Millennium runs a network of 13 offices serving life agents, banks, CPA firms, property and casualty groups, and financial advisors across the country. Its website lists 15 employees based in Nashville. Enterprise's filings with the Securities and Exchange Commission in recent years have told a tale of woe about Millennium. Its 2008 revenues fell by $1.9 million, or 28 percent, from 2007's levels, as total sales came in at $4.9 million. The company took goodwill impairment charges and customer related intangible charges in 2008 of $9.2 million. Revenues declined $320,000 in the quarter ending September 30, 2009 over the prior year's third quarter, a drop of 27 percent, although revenues for the year to date stood then at $647,000, a 19 percent rise over the same period last year. Millennium CEO William Zelenik could not be reached this morning. Enterprise President and CEO Peter Benoist noted in the announcement that "the consolidation occurring in the insurance industry has changed the economics of the life brokerage business" and predicted the deal will give Millennium "flexibility to adapt to the changing insurance environment."
Jan 22, 2010 11:17 AM
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