“As I think about the opportunities to build great businesses within the insurance industry, I’m excited to be able to work alongside such an experienced team and to help these companies reach their full growth potential.” “After years of working directly with the team at LMP, I am confident the strategic resources and guidance that LMP provides to its portfolio companies are unlike any other firm,” said Mr. Austin was on the carrier side of the insurance business, creating and leading a specialty insurance company on behalf of a publicly traded holding company and has held various underwriting and management positions since beginning his career. His responsibilities at Worldwide included leading the execution of a growth strategy that included acquisitions as well as significant organic growth. Prior to this, he served as President of former LMP portfolio company, Worldwide Facilities, a wholesale insurance broker, managing general agent, and program underwriter. Austin was most recently an Executive Vice President in the Amwins Group, a leading global independent wholesale distributor of specialty insurance products. “Having worked closely with Ron for many years, we’re thrilled to bring his capabilities and strengths to our insurance-related portfolio companies.” “As an experienced and respected insurance industry veteran, Ron will bring unparalleled expertise to LMP’s insurance investments,“ said Trevor Rich, Partner at LMP. Austin will assist LMP in all phases of its insurance investments, as well as introduce operational improvements to existing insurance related portfolio companies. PHILADELPHIA, LOS ANGELES, and NEW YORK – Octo– Lovell Minnick Partners (‘LMP’), a private equity firm focused on investments in financial services, financial technology and business services companies, today announced the appointment of Ron Austin to the firm’s Advisory Council. Insurance Industry Veteran Brings More Than 40 Years of Experience and Investment Expertise
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