Insurance Broker Kaye Group Names New President, CEO; Marc Cohen to Succeed Bruce Guthart, Who Moves to Parent COO Position


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 Add Title:  Insurance Broker Kaye Group Names New President, CEO; Marc Cohen to Succeed Bruce Guthart, Who Moves to Parent COO Position
 Location:  Chicago
 Date:    2004-01-23  
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Kaye Group Inc., the New York Region hub of the North American insurance broker Hub International Limited (NYSE: HBG) and (TSX: HBG), today announced that Marc I. Cohen has been appointed President and Chief Executive Officer of the Company. He succeeds Bruce D. Guthart, who has been named Chief Operating Officer of Hub International with responsibility for all corporate operations for Hub in the United States and Canada. Mr. Cohen assumes responsibility for all wholesale and retail property/casualty and benefits brokerage operations for Kaye. He reports to Mr. Guthart, as Hub COO.

Mr. Cohen, 37, who has spent his entire career at Kaye, joined the firm in 1988 and in 1999 was named President of Program Brokerage Corporation (PBC) and Claims Administration Corporation (CAC), Kaye's wholesale insurance and claims management divisions, respectively. He will retain both titles.

"Marc Cohen is a natural choice for the leadership of Kaye," Mr. Guthart said, "In the 15 years he's been with our organization he's consistently demonstrated the entrepreneurial leadership and team-building skills we need to further our growth objectives." Mr. Guthart continued, "As President of PBC and CAC Marc expanded our retail agent network exponentially and built powerful and profitable relationships with insurance carriers. I'm confident that with the support of our excellent professional and administrative staff he'll have comparable success in the broader stewardship he is now undertaking."

Headquartered in Chicago, IL, Hub International is a leading North American insurance brokerage that provides a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.

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Michael P. Sabanos, Kaye Group Inc. PH: 212.338.2273
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 SOURCE :   Hub International Limited