TUPELO, Miss., May 13, 2014 /PRNewswire/ -- BancorpSouth (NYSE: BXS) has announced Markham McKnight, president of BancorpSouth Insurance Services, Inc. (BXSI), has become Chairman of the Board of the Worldwide Broker Network™. McKnight succeeds Florian Karle, Managing Partner of Suedvers Gruppe, Au bei Freiburg, Germany. WBN is the world's largest fully integrated network of independent property and casualty brokers and employee benefits consultants.
James Threadgill, vice chairman of BancorpSouth's Financial Services Division said, "This highly respected industry leadership position reflects the level of experience, expertise and leadership Markham McKnight provides our Company's insurance team. BancorpSouth congratulates Markham on becoming WBN's 14th Chairman of the Board."
McKnight has been a leading commercial insurance executive for three decades, serving as executive vice president of Wright & Percy Insurance, one of Louisiana's oldest and largest insurance agencies, from 1982-1994, and president and CEO of Wright & Percy from 1994 to 2005. BancorpSouth Bank, a subsidiary of BancorpSouth, Inc., acquired Wright & Percy in 2003. McKnight has served as President of BancorpSouth Insurance since 2005. He has an MBA from Louisiana State University, serves as treasurer of the Louisiana Insurance Guaranty Association, and is a member of the board of directors of the American Bankers Insurance Association.
BancorpSouth Insurance Services, Inc., a subsidiary of BancorpSouth Bank, ranks as the nation's 33rd largest insurance firm based on the latest rankings available for top insurance brokerage firms in America by Business Insurance. BXSI currently operates 33 offices in nine states, with over 600 associates serving clients across the country.
BancorpSouth, Inc. is a financial holding company headquartered in Tupelo, Mississippi, with approximately $13.1 billion in assets. BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc., operates 292 commercial banking, mortgage, and insurance locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois.
SOURCE BancorpSouth, Inc.