Brown & Brown has added insurance industry veteran Stephen (“Steve”) P. Hearn to its board of directors.
H. Palmer Proctor Jr., Brown & Brown’s lead independent director and chair of the Nominating/Corporate Governance Committee of Brown & Brown’s board of directors, said, “Steve has established himself as a fixture in the London insurance marketplace, having grown and led several successful international businesses during his impressive, 35-year career. We remain focused on finding the highest quality directors to help guide our strategy and believe Steve brings the right combination of experience and skills to support our continued growth.”
J. Powell Brown, Brown & Brown’s CEO and a board member, said, “A visionary and effective leader, Steve has a proven track record of leveraging technology and talent to create long-term growth opportunities in the international insurance space. We are excited to leverage his exceptional abilities and learn from his unique perspective on our journey to $8 billion in annual revenues and beyond.”
Hearn began his insurance career in 1989, most recently holding roles with The Ardonagh Group from November 2021 until July 2024. During his time with The Ardonagh Group, he served as CEO of Ardonagh Specialty Holdings Limited; as CEO of Ardonagh Capital Solutions Holdings, The Ardonagh Group’s holding company for its reinsurance broking, captives and MGA businesses; and as CEO of Inver Re, The Ardonagh Group’s dedicated reinsurance broking unit.
He also served as a director of Ardonagh International. Previously, he served as CEO of Corant Global, a subsidiary of BGC Partners from February 2019 until the sale of BGC’s insurance brokerage division to The Ardonagh Group in November 2021 and as the CEO of Ed Broking Group Limited from 2015 until its acquisition by BGC in February 2019. Hearn held roles with Willis Group Holdings plc and its businesses from 2008 until 2015, including president and deputy CEO of Willis Group Holdings, CEO of Willis Re, chairman and chief executive officer of Willis Global and chief executive officer of Willis Limited. Prior to that, he held senior leadership positions with Hilb, Rogal & Hobbs; Glencairn Limited; Marsh Affinity Europe & Middle East; Marsh Affinity UK and Sedgwick Affinity Group Services.
Since August 2023, Hearn has served as the chairman of Placing Platform Limited (PPL), a market-owned eTrading platform, and as a non-executive director of Atrium Underwriters since June 2024.