Brown & Riding is pleased to announce the addition of Donald F. Privett and the opening of its New York City office, the firm’s 17th office location. Don will serve as Managing Director and will work closely with Chairman, Chris A. Brown, and B&R’s President and CEO, Jeff Rodriguez, to expand the company’s northeast operations and industry practice areas. “I am excited to join Brown & Riding,” said Privett. “The firm has earned strong market recognition for delivering the highest levels of quality and professionalism and has generated a significant volume of business from the New York region, especially in construction. I am looking forward to leveraging those successes to the benefit of our valued clients and contributing to the firm’s continued growth and success.”
According to Rodriguez, “Getting to know Don has been a pleasure, and I look forward to working with him, not only as a business partner but also as a friend. Brown & Riding has been steadily working towards building a New York operation for a number of years, and with Don’s experience, relationships, background, and knowledge, we are confident that he is the right person to help us strategically build this critical component of our national footprint.”
Chris Brown commented, “For the past 6 years, we’ve invested a great deal of time in visiting the city and its surrounding areas to develop the relationships and specialized expertise necessary to compete in the New York construction and real estate market. New York is a truly unique and highly competitive venue and holds tremendous opportunity for a firm that has our ‘client first’ approach. Opening this office is a natural progression and will better enable us to more effectively serve our clients with New York operations. I’m proud to be associated with Don and look forward to working closely with such a true professional.”
Don has over 40 years’ experience in the insurance industry. He began his insurance career in London, England, structuring and placing large and unique accounts during one of the strongest markets in Lloyd’s of London history. He was fortunate to have worked with some of the most pioneering and progressive minds in the industry during his time in London. In 1997, Don launched his own specialty wholesale company in New York, Privett Special Risk Services LLC, which he ran for 15 years before the company was sold in 2012. Under Don’s leadership, the company built a stellar reputation as one of the major independent specialty wholesale brokers in the United States.
Among his many achievements, Don played a crucial role in developing credit enhancement policies for many of the largest accounts in the country, helped create a terrorism market after September 11th, and has worked on some of the largest utility, energy, and property accounts in the country. He is extremely well known throughout the world markets for his extensive knowledge of policy forms and the claims process for large property and mining accounts. He is a past President of the Insurance Brokers Association of New York, past Chairman of the Excess Line Association of New York (current board member), NAPSLO (now WSIA) member, and one of the founding members of the Insurance Industry Charitable Foundation of New York (current board member).
Brown & Riding is 100% employee owned and managed. The company is a Top 10 P&C and specialty wholesaler (source: Business Insurance 2017), was named Wholesale Partner of the Year (source: Insurance Business America 2017), and was the first wholesaler in the United States to successfully implement a Quality Management System certified to ISO 9001. “I had a strong desire to return to a fully independent, owner-operated firm,” said Privett. “That’s why I’m thrilled to be at B&R. I believe in the company, its values, and the ownership structure. They have the type of culture that allows long-term sustainability and growth while enabling us to always put our clients’ interests first.”