USI Insurance Services has hired former West Virginia Gov. Gaston Caperton as a senior adviser to USI in overall growth strategy for the company’s West Virginia, Kentucky and Virginia offices.
Caperton will work closely with USI chairman, president and CEO Michael J. Sicard. He will work from USI’s Charleston location.
Caperton also will help integrate six new locations that were part of USI’s acquisition of 40 Wells Fargo Insurance brokerage and consulting locations across the United States. The deal that closed May 3 includes two offices in West Virginia, two in Kentucky and three in Virginia.
Caperton brings decades of insurance experience to USI, having led the McDonough Caperton Insurance Group to become the 10th-largest privately owned insurance brokerage firm in the United States before winning the governor’s office in 1988 and 1992.
After leaving office, he taught at Harvard University’s John F. Kennedy’s School of Government and at Columbia University. In 1999, he became president of the College Board, a position he held until 2012. Prior to joining USI, Caperton headed up Caperton Consulting for two years.
USI is the third-largest privately held insurance broker and the fourth-largest privately held commercial lines broker in the United States. It’s also the 13th-largest insurance brokerage firm in the world, employing more than 4,000 professionals.
USI has been recognized for its innovation by Information Week 500 the last three years. Headquartered in New York, it operates more than 100 offices across the United States.