Stephens Insurance Leadership Changes Bring New Vision

Stephens Insurance Announces Leadership Transition

Stephens Insurance, LLC, a recognized player in the insurance industry with connections to the esteemed Stephens Inc., has recently undergone a significant leadership transition. This change marks a new chapter for the company, with Korosh Saba stepping up as the new President and Chief Executive Officer, while Lizzie Phillips Sanford is appointed as the Chief Strategy Officer.

New Leadership at Stephens Insurance

The announcement of these changes is noteworthy, especially as Miles Stephens, the outgoing CEO, shifts to the role of Co-CEO of the parent company, Stephens Inc. This aligns with a strategic vision aimed at fortifying the leadership structure and direction of the company.

Miles Stephens praised the new leadership, highlighting Korosh Saba’s exceptional qualities. He remarked, “Korosh is an exceptional leader who consistently provides outstanding client service.” His emphasis on Saba’s insight and determination underscores the trust placed in him to navigate the firm through evolving challenges and opportunities in the insurance landscape.

Korosh Saba's Background and Experience

Korosh Saba brings a wealth of experience to his new role, having served as a Senior Vice President since joining Stephens Insurance in 2019. His career trajectory within Stephens began in 2011, and his time in the investment banking division equipped him with a unique skill set applicable to his leadership responsibilities now. Saba's academic credentials include an MBA from the University of Chicago and honors from the University of Arkansas, setting a solid foundation for his role as CEO.

Lizzie Phillips Sanford’s Contribution to Strategy

In tandem with Korosh’s leadership, Lizzie Phillips Sanford’s elevation to Chief Strategy Officer is equally pivotal. Her expertise, spanning over five years with the company, positions her to effectively harness analytics for robust data-driven decision-making. As noted by Miles Stephens, her diverse background will further enable the company to cater to client needs through insightful analysis and innovative solutions.

Before her current role, Sanford excelled as the Chief Information Officer for Stephens Insurance. She founded Rock Analytics, providing her with rich experience in data visualization solutions that will be crucial in her strategy role. Her academic journey includes an MPA in Economics and Health Policy from Princeton University and an undergraduate degree from Rhodes College, enhancing her strategic acumen.

Strengthening the Company's Mission

With Saba and Sanford at the helm, Stephens Insurance is poised to embrace a forward-thinking approach to client service and market challenges. The new leaders share a commitment to enhancing client engagement, operational efficiency, and leveraging innovative solutions to drive the firm’s success.

About Stephens Insurance, LLC

Based in Little Rock, Arkansas, Stephens Insurance is recognized as one of the leading privately owned insurance brokerages in the mid-South. With approximately 200 associates spanning several locations, including Little Rock and Birmingham, the firm is dedicated to providing comprehensive insurance solutions to its clients.

Stephens Insurance champions a client-focused approach, tapping into its extensive network to deliver tailored insurance strategies that meet the unique needs of various clients. Their commitment to performance and quality service has solidified their standing in the industry.

About the Larger Stephens Firm

Stephens Inc., founded in 1933 and headquartered in Little Rock, showcases a rich history of providing a wide array of financial services. As a family-owned investment firm, it operates various divisions, including investment banking and asset management. The firm caters to a diverse clientele that encompasses corporations, governments, and individual investors.

For over eight decades, Stephens Inc. has thrived on its principles of integrity and excellence, ensuring that clients receive uncompromised financial services. With a strong regulatory framework in place, Stevens Inc. continues to lead in providing quality financial solutions.

Frequently Asked Questions

What prompted the leadership transition at Stephens Insurance?

The leadership transition was aimed at strengthening the company's strategic direction, with Korosh Saba and Lizzie Phillips Sanford taking on pivotal roles to enhance client-focused services.

Who is Korosh Saba?

Korosh Saba is the new President and CEO of Stephens Insurance, bringing extensive experience from his previous roles within the company and the investment banking division.

What is the role of Lizzie Phillips Sanford?

Lizzie Phillips Sanford is now the Chief Strategy Officer, utilizing her background in analytics to drive data-driven strategies for the firm.

How long has Lizzie Phillips Sanford been with the company?

Lizzie has been with Stephens Insurance for over five years, initially joining as Chief Information Officer.

What is the scope of services provided by Stephens Insurance?

Stephens Insurance offers comprehensive insurance brokerage services across various sectors, leveraging a robust network to meet client needs effectively.

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