Tom Sharkey Jr., former president of Bank of America's insurance arm, has returned to Meeker Sharkey Associates as president of the firm.
The Sharkey family re-launched the Meeker Sharkey insurance brokerage in 2007 and said Mr. Sharkey's appointment is a key part of the company's client-focused growth strategy.
"The insurance market today sorely lacks a dedication to client-focused management practices, which we know from past experience is what businesses want and need. This void creates a real market opportunity for us," Mr. Sharkey said in a statement.
"Now more than ever, businesses need benefit and insurance strategies that effectively meet their unique strategic business needs, as opposed to the take-it-or-leave-it, one-size-fits-all approach. Meeker Sharkey Associates will provide this client-focused approach."
Mr. Sharkey began his career in 1980 working for Manufacturers Hanover Trust Co. He later joined his father's company, Meeker Sharkey, in 1985 as a property-casualty and employee benefits specialist. Over the course of 13 years in the insurance business he rose to become president and chief executive officer of Meeker Sharkey in 1998.
The company was sold to Summit Bancorp in 2000. Mr. Sharkey stayed on as the new president and CEO of Summit's Insurance Brokerage Division. He remained in that position until Summit Bank was sold to FleetBoston in April 2001, and subsequently acquired by Bank of America in April of 2004.
Mr. Sharkey left Bank of America in 2006 and returned to re-launch Meeker Sharkey Associates. With the expiration of his post-employment restrictions, he is free to assume an ownership and leadership role in the newly reconstituted firm, the firm said.
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