BBSI Announces Appointment of Thomas McGinn as Senior Vice President of Insurance
Barrett Business Services (BBSI) has appointed Thomas McGinn as Senior Vice President of Insurance, reporting to CEO Gary Kramer.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Barrett Business Services (BBSI) has appointed Thomas McGinn as Senior Vice President of Insurance, reporting to CEO Gary Kramer. In his new role, McGinn will oversee BBSI's insurance operations, including underwriting strategy, risk management, and pricing.
McGinn brings 30 years of experience in the insurance industry, having held senior leadership positions at prominent companies including Chubb, ACE, and CIGNA Property & Casualty. His most recent position was Senior Vice President at Chubb Global Casualty and New York Branch Manager, where he led underwriting operations and client services.
Positive
- Strategic hire with 30 years of senior leadership experience in insurance industry
- Strengthens insurance operations with expertise from major firms (Chubb, ACE, CIGNA)
- Enhancement of underwriting and risk management capabilities
Negative
- None.
Details
News Market Reaction – BBSI
The recorded move for BBSI in the trading session of this news was -1.91%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, Wash., April 02, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, today announced the appointment of Thomas McGinn as Senior Vice President of Insurance. In this role, Mr. McGinn will oversee BBSI’s insurance operations, including underwriting strategy, risk management, and pricing. He will report directly to BBSI’s Chief Executive Officer, Gary Kramer.
“This is a critical leadership role at BBSI, and Tom’s deep expertise in the insurance industry makes him an outstanding fit for this position,” said Gary Kramer, CEO of BBSI. “His extensive background in underwriting, risk management, and client relations will strengthen our ability to deliver innovative insurance solutions to our clients.”
Mr. McGinn brings decades of experience in the insurance industry to BBSI, having spent the past 30 years in senior leadership roles with Chubb, ACE, and its predecessor company, CIGNA Property & Casualty. Most recently, he served as Senior Vice President at Chubb Global Casualty and New York Branch Manager, where he led underwriting operations and client services.
BBSI continues to enhance its suite of business management solutions, including insurance and risk management offerings for businesses across the U.S. Learn more at www.bbsi.com.
About BBSI
BBSI (NASDAQ: BBSI) is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform that differentiates it from competitors. The Company’s integrated platform is built upon expertise in payroll processing, employee benefits, workers’ compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI’s partnerships help businesses of all sizes improve the efficiency of their operations. The company works with more than 8,100 PEO clients in all 50 states. For more information, please visit www.bbsi.com.
Investor Relations
Gateway Group, Inc.
Cody Slach
Tel 1-949-574-3860
BBSI@gateway-grp.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.