Bill Henry will be the chairman and CEO of the merged entity
McQueary Henry Bowles Troy (MHBT), a privately-owned insurance and risk management firm in the US, and the Texas division of Holmes Murphy & Associates, seek to merge and create a new identity – MHBT Holmes Murphy. The planned merger is expected to take effect on January 1, 2010.
Bill Henry will be the chairman and CEO of the merged entity, and Den Bishop will be president of the merged entity’s employee benefits division. The current executive leadership team in the office of the president at MHBT will remain the same, including Carla Sans as chief operating officer and Dan Browning as executive vice president, company reported.
Bill Henry, chairman and CEO of MHBT, said: “By combining our capabilities, MHBT Holmes Murphy can better serve clients by providing a wider range of services and a deeper bench. Holmes Murphy’s Texas division brings a significant expertise in employee benefits issues and experience with the creation of captive insurance entities, which in combination with MHBT’s strong focus on risk management, property and casualty insurance and our own employee benefits expertise, will position the merged entity as one of the strongest players in the industry.”
Den Bishop, president of Holmes Murphy Texas, said: “Holmes Murphy and MHBT share a long-standing heritage of integrity, a steadfast dedication to outstanding client service and a commitment to developing innovative client solutions. This partnership of two extremely successful, culturally aligned organizations allows us to leverage each other’s strengths and share best practices as we grow together to serve the needs of leading businesses across the U.S.”
Entities included in the planned merger are MHBT’s Dallas, Fort Worth and Austin offices, including the Texas division of Holmes Murphy.