Area insurance firm defies Wall Street's struggles with $229M IPO

Going public has lost its luster in some financial quarters. A rollicking Tampa insurance firm, with sights set on even loftier goals, is an outlier.

  • By Mark Gordon
  • | 6:00 a.m. November 8, 2019
  • | 0 Free Articles Remaining!
Courtesy. Some 100 employees of Tampa-based BRP Group traveled to New York City on Oct. 24 to ring the ceremonial opening bell when the company went public.
Courtesy. Some 100 employees of Tampa-based BRP Group traveled to New York City on Oct. 24 to ring the ceremonial opening bell when the company went public.
  • Insurance
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Tampa insurance holding company Baldwin Risk Partners started the year with a big win — acquiring one of the most established and respected insurance firms in Florida, Lykes Insurance, in March. Founded in 1925, Lykes handles some $125 million a year in premiums.

Courtesy. BRP Group CEO Trevor Baldwin says the firm’s goal is to become one of the 10 largest insurance brokers in the country in the next 10 years.
Courtesy. BRP Group CEO Trevor Baldwin says the firm’s goal is to become one of the 10 largest insurance brokers in the country in the next 10 years.

 

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