What's Happening?
Albert Geraci, area president of wholesale broker Risk Placement Services, has been appointed as the president of the Florida Surplus Lines Association (FSLA). He succeeds Virginia Clancy, who served in the role for the 2024-2025 term. Geraci has outlined several priorities for his tenure, including defending the freedom of rate and form, engaging in advocacy with policymakers and regulators, and elevating public awareness through media and outreach efforts. Additionally, he plans to invest in future leadership through education and career engagement, and foster innovation and dialogue within the association. Concurrently, Scott McCleary has joined Alliant Insurance Services as senior vice president in its employee benefits group, where he will work nationally with clients on benefits strategies. McCleary previously held a senior vice president position at NFP, an Aon company.
Why It's Important?
The appointment of Albert Geraci as president of FSLA is significant for the insurance industry in Florida, as it signals a continued focus on advocacy and regulatory engagement. Geraci's priorities could influence policy decisions and impact the operational freedom of surplus lines insurers in the state. His emphasis on public awareness and leadership development may also strengthen the association's role in shaping industry standards and practices. Scott McCleary's move to Alliant Insurance Services as SVP in the employee benefits group highlights the ongoing strategic shifts within major insurance firms, potentially affecting how employee benefits are structured and delivered across the nation. These leadership changes could lead to new initiatives and partnerships within the insurance sector.
What's Next?
Under Geraci's leadership, FSLA is expected to pursue its outlined priorities, potentially leading to increased advocacy efforts and policy discussions with state regulators. The association may also launch new educational programs and initiatives to engage future leaders in the insurance industry. At Alliant, McCleary's expertise in employee benefits strategies could result in innovative solutions and expanded services for clients, influencing the competitive landscape of insurance brokerage firms. Both organizations may see shifts in their strategic directions as they adapt to new leadership and market demands.
