Insurance brokerage Relation Insurance Services, has announced that Tim Hall, President, has been appointed CEO. He will succeed Joe Tatum who will remain a member of Relation’s Board of Directors.
A seasoned insurance and financial services leader, Hall has played a leading role in Relation’s strategic growth initiatives, while also having responsibility over the company’s performance management, carrier management/broking, information technology, human resources, and legal functions.
“I’m thrilled to assume this leadership role and continue working with our outstanding team in building a premier insurance brokerage platform with meaningful national scale, deep capabilities across products and a diverse book of business,” said Hall.
Adding: “We have an incredibly strong business, a committed capital partner and a winning strategy, and I’m looking forward to keeping the momentum going and delivering for our clients. I want to thank Joe for his years of partnership and what he has achieved in establishing Relation as one of the top insurance brokerages in the country.”
Hall joined the firm in 2019 as Executive Vice President and Head of M&A before being promoted to President.
As CEO, Hall will continue to guide and execute the strategy that has led to Relation’s emergence as a leading national insurance brokerage employing 1,300 people, the firm stated.
The company has completed more than 70 acquisitions since October 2019, and has added over 60 experienced insurance producers in the past 24 months.
Since 2019, Relation has been backed by Aquiline Capital Partners, a private investment firm based in New York and London investing globally across financial services and technology.
Jeff Greenberg, Chairman of Relation and Chairman of Aquiline, commented: “Tim is an accomplished leader who has proven he has what it takes to lead Relation as it continues its robust growth.
“Since Aquiline first invested in Relation, Tim has been instrumental in its transformation from a firm focused on select markets to a nationwide market leader with a proven ability to serve as an excellent partner to clients and carriers. Relation’s business model has proven itself year over year and we are committed to supporting Tim and the company with any resources needed as they continue to seize the significant market opportunity ahead of them.”
