Crump Life Services Names President
May 27, 2016 by Frank Klimko
ROSELAND, N.J. – Crump Life Insurance Services said Rob Carney will be promoted to president, succeeding Brian Winikoff who will be leaving the company. The move will be effective July 1.
Winikoff will be joining Axa to succeed Nick Lane as head of U.S. life, retirement and wealth management, Axa said in a statement.
Carney will report to John Howard, who is chairman and chief executive officer of Crump’s parent company, BB&T Insurance Holdings Inc., Crump said in a statement
Prior to joining Crump in 2004, Carney worked for a major northeast life insurance carrier in a variety of roles with increasing leadership responsibilities. These roles included marketing, strategic planning and analysis, and internal consulting for several lines of business. Before entering the financial services industry, he held several sales and marketing positions at a major telecom provider, Crump said.
BB&T in 2012 bought Crump Life Insurance Services and Crump Property/Casualty Insurance Services for about $570 million. Crump supports the distribution of life, long-term care, disability and annuity products (Best’s News Service, Jan. 20, 2014).
BB&T’s wholesale insurance operations currently include property/casualty broker and managing general agent CRC Insurance Services, Crump and managing general underwriter AmRisc.
On May 27, shares of BB&T Corp. (NYSE: BBT) were trading at $36.12, down 0.03% from the previous close.
(By Frank Klimko, Washington correspondent, BestWeek: Frank.Klimko@ambest.com)
