King Insurance Partners bolsters leadership as firm hits milestone
King Insurance Partners bolsters leadership as firm hits milestone | Insurance Business America
Insurance News
King Insurance Partners bolsters leadership as firm hits milestone
Company has finalized more than 30 acquisitions in the past three years
Insurance News
By
Kenneth Araullo
King Insurance Partners has announced a significant milestone in its growth trajectory, having increased its revenue over 15 times since 2021. The company is projected to surpass $75 million in revenue by the end of this year.
The company credited this achievement to strategic mergers and acquisitions alongside consistent organic growth. Over the past three years, King has completed 36 acquisitions, expanding its team to nearly 300 individuals.
As part of this growth, King Insurance Partners has also welcomed Pete Gilbertson (pictured above) as the new president. Gilbertson brings a 35-year career in the insurance brokerage industry. He previously served as executive vice president at USI, overseeing California operations across 10 offices with 450 employees.
His past roles also include executive vice president and regional managing director for the North Region at Wells Fargo Insurance Services and assistant vice president at Marsh. Gilbertson holds a degree in economics from Lafayette College and an MBA from the Leonard N Stern School of Business at NYU.
Gilbertson’s experience covers various functions within an insurance broker, from sales and mergers and acquisitions to operations. King Insurance Partners’ highlighted his leadership as integral in driving growth and enhancing its ability to serve clients effectively.
Malcolm King, founder and CEO of King Insurance Partners, stated that Gilbertson is a perfect complement to the team and organization.
“He brings a wealth of experience and knowledge across many disciplines within P&C insurance. Through leveraging Pete’s deep experience, I am certain that King will collectively achieve their ambitious goals,” King said.
“I am beyond excited to join the King Insurance Partners team. They have collectively built an unbelievable and highly regarded insurance broker. Together, I am confident in our ability to continue along King’s already-impressive organic and inorganic growth trajectory,” Gilbertson said.
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