Insurance brokerage BroadStreet has appointed Michael O’Connor to the role of CEO following a decision from its board of directors.
The firm said in a statement that O’Connor joined in June 2022 after twelve years at Aon where he had been co-president and served on that company’s executive committee.
Rick Miley, executive chairman of Broadstreet, said: “Mike’s broad experience in the insurance brokerage industry and his strategic perspectives will be a tremendous asset to BroadStreet and its core partners. As we continue to build out our breadth of capabilities, Mike’s leadership will help us further solidify our industry leadership position, accelerate our growth, and strengthen our ability to bring innovative solutions to our partners.”
Current CEO Ken Kirk will transition to the newly created role of vice chair, where he will focus on driving inorganic value creation through bringing on new core partners both domestically and internationally working. Kirk will also take on his new role effective January 1, 2023.
Miley added: “In addition to bringing on numerous new core partners, Ken has been instrumental in advancing BroadStreet’s organic growth strategy and leading the development of scalable business opportunities among our partners. Our board of directors is appreciative that Ken has agreed to take on this role as vice chair.”