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Beecher Carlson Expands National Energy Practice with Appointment of Industry Veteran Charles Pierpont
Tuesday, January 29, 2008 -
ATLANTA, GA and NEW YORK
Beecher Carlson, the fastest-growing commercial insurance brokerage and risk management consultancy in the country, announced today the expansion of its National Energy practice with the appointment of Charles Pierpont as managing director. Pierpont brings 20 years experience to Beecher Carlson with deep expertise and specialization in the Power Generation industry. The expansion builds on Beecher Carlson's momentum in the Energy sector, allowing clients to benefit from deep industry specialization, expertise in analytics and risk modeling and unmatched client service. Pierpont will be based in Westchester County, New York.Pierpont is recognized for his leadership in the development and placement of power generation accounts. He will partner with Robert Bothwell, executive managing director of Beecher Carlson's National Energy practice, to develop, implement and manage complex risk management programs for private-based equity clients and power generating facilities of all types. Bothwell, along with his team of Energy professionals, established Beecher Carlson's National Energy practice in January 2005. This team is distinguished by its innovative use of analytics and engineering to deliver unique solutions to its clients.
Prior to joining Beecher Carlson, Pierpont served as Area Executive President for Arthur J. Gallagher and Company where he was responsible for originating and managing client's insurance portfolios. He specialized in private equity and investor owned portfolios in asset intensive businesses. Pierpont has extensive experience in the development and management of complex property and liability insurance solutions tailored to the specific needs of Energy clients.
Prior to joining Gallagher, Pierpont served at Marsh & McLennan where he worked closely with global industrial companies of various sizes. He also worked at Johnson & Higgins and Alexander & Alexander.
Pierpont earned his Bachelor of Arts degree from St. Lawrence University. He has also taken advance coursework in finance from New York University.
"This is an exciting time to join Beecher Carlson and its successful energy practice," said Pierpont. "Beecher Carlson is well positioned to expand its leadership position in its core markets and I look forward to making a significant contribution to the Company's next phase of growth."
"Charlie brings a wealth of experience and leadership to Beecher Carlson," said Bothwell. "His proven ability to strategize, identify opportunities and execute to deliver tangible results is a win-win for him, Beecher Carlson and most importantly, our clients."
Beecher Carlson's Energy practice provides the specialized level of service and expertise required by clients with potentially catastrophic exposures and worldwide operations. With experience in domestic and international markets, Beecher Carlson identifies the events, issues, trends and regulations that impact the management of utility risk and the ability of the organization to compete profitably. With each program deployed, Beecher Carlson utilizes advanced actuarial and analytical tools within the brokering process to leverage markets and ensure clients of an optimum risk financing strategy.
About Beecher Carlson
Beecher Carlson is the fastest growing commercial insurance brokerage in the country with 113 percent compounded annual growth over the past three years. The Company is ranked as the 44th largest broker in the United States and the 7th largest captive manager worldwide. Unique to Beecher Carlson is its laser focus on specialized industries that include healthcare, lodging, gaming, real estate and construction, energy, business services, retail, manufacturing and telecommunications. A privately held company with corporate offices in Atlanta, Beecher Carlson also maintains operations in Bermuda; Boston; Irvine, Los Angeles, San Francisco, Walnut Creek and Woodland Hills, California; Connecticut; Denver; Florida; Honolulu; Houston; Eugene, Portland and Medford, Oregon; Gulfport Mississippi; Minnesota; Las Vegas; New Jersey, New York; Nashville; Phoenix; Providence, Rhode Island and Burlington, Vermont. For more information, call 800-657-0243 or visit www.beechercarlson.com.
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Contact:
Tracy H. McAllister
VP, Marketing & Public Relations
Beecher Carlson
404-460-1427
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