Generations of Growth: The Bibby, Brilling & Associates, LLP Insurance Agency Story

30 Minutes with Insurance CEO

30 Minutes with Insurance CEO
Generations of Growth: The Bibby, Brilling & Associates, LLP Insurance Agency Story
May 24, 2024 Season 2 Episode 6
Raution

In this episode of the 30 Minutes with an Insurance CEO, host Raution Jaiswal, CEO and Co-Founder of InsuredMine, talks with Pete Bibby, the managing partner of Bibby, Brilling & Associates, LLP. The discussion opens up with a brief history of the agency founded in 1955 by Pete's father and uncle post their service in the Korean War. Pete shares his transition from engineering to insurance, his early challenges, and the evolution of the agency. The conversation covers topics such as the importance of employee selection, the role of technology in enhancing agency operations, the impact of market cycles on the insurance industry, and the strategic significance of mergers and acquisitions. Pete emphasizes the importance of culture, the right partnerships, and being growth-minded. He also highlights the personal fulfillment of working with family and the legacy he wishes to leave for the next generation. This episode offers valuable insights into managing an insurance agency's growth, embracing technology, and navigating industry challenges over decades.

00:00 Welcome to the Podcast: A Journey Through Insurance Leadership
01:03 The Origins of Bibby, Brilling & Associates, LLP Insurance Agency: A Family Legacy
01:54 Pete's Unexpected Path into Insurance
07:43 Agency Growth and Challenges: From 4 to 19 Employees
11:59 Embracing Technology and Networking for Agency Success
21:08 Navigating Mergers, Acquisitions, and Future Plans
28:57 Parting Wisdom: Building a Successful Agency for the Future
30:54 Closing Thoughts and Gratitude