Insurance brokerage Baldwin Connelly has announced it will be"transitioning into two new firms with separate ownership"effective December 31.

Baldwin Connelly works with individuals and businesses inmanaging their corporate, employee benefit, and private riskprograms. In announcing the move, the company said in a preparedrelease that, "Over the past year, as the firm has continued itsindustry-leading growth, there have been different opinionsinternally on the long-term vision for the company. This led thepartners to conclude that reorganization is the best option."

The new entity that will be led by Lowry Baldwin will beheadquartered in Tampa, with offices in Naples, Atlanta, andCharlotte. That company will continue as a regional boutiqueinsurance and risk management firm. The entity to be led by JohnConnelly will be headquartered in Clearwater, with an office inBrandon. Along with the Baldwin Connelly Family of Companies' firmsof Carlisle Fields and Nichols Insurance, It will focus onleveraging the existing risk management platform, partnering withUSAmeriBank.