Baltimore, January 20, 2026
Thompson Insurance Group has appointed Andrew Thompson as CEO, marking the start of the firm’s third generation of family leadership. Succeeding his father David Thompson, Andrew brings over 20 years of experience and is dedicated to community engagement and innovative practices in the insurance industry. The firm has reported significant growth across its business units and aims to uphold its values of service excellence as it looks to the future.
Thompson Insurance Group Welcomes Third Generation CEO
Family-owned firm continues legacy of leadership and growth
Baltimore, MD – Thompson Insurance Group, a significant player in the local insurance market, has announced a pivotal change in leadership with the appointment of Andrew Thompson as its new Chief Executive Officer (CEO). This marks a noteworthy transition to the firm’s third generation of family leadership, succeeding his father, David Thompson, who originally founded the company nearly five decades ago. David Thompson will remain involved by providing strategic insights during this transitional phase, ensuring continuity and stability.
Andrew Thompson’s tenure at the company spans over 20 years, during which he has taken on various roles, gaining extensive experience in office operations, internal processes, and client relations. Starting his career at the young age of 16, he quickly obtained his insurance license by 18 and later earned a degree in business administration from Youngstown State University, supplemented with the Certified Professional Insurance Agent (CPIA) designation. Beyond his executive responsibilities, he actively contributes to the community by serving on the boards of several nonprofit organizations, reinforcing his commitment to civic engagement.
Company Overview and Growth
Thompson Insurance Group operates through four specialized business units: The Gibson Agency, which offers personal and commercial lines coverage; Thompson Private Client Services, which addresses the needs of high-net-worth clients; PetBizInsurance.com, which specializes in coverage for pet care professionals; and Gibson Agri & Equine Insurance, serving clients within agriculture and equine sectors. The company has recently reported positive growth across all divisions. In 2023, personal lines at The Gibson Agency grew by 11.2%, PetBizInsurance.com experienced a 16.6% increase, and Gibson Agri & Equine Insurance saw a remarkable 22.1% surge.
Legacy and Future Directions
This leadership transition at Thompson Insurance Group is indicative of a broader trend observed in the insurance industry, where family-owned firms are responsibly navigating generational successions. These shifts often necessitate strategic planning and innovation to adapt to changing market conditions, ensuring that such companies can uphold their legacies while remaining competitive.
Andrew Thompson’s extensive background and the momentum established by his father provide a robust foundation as he assumes leadership. The company’s reputation for integrity and service is deeply rooted in its family-oriented ethos, positioning Thompson Insurance Group for sustained growth as it looks to the future.
Community Engagement and Innovation
Community involvement is a crucial aspect of Thompson Insurance Group’s operations. Through Andrew Thompson’s leadership, the firm is poised to continue embracing innovative practices that align with community needs, fostering a culture of trust and reliability. By prioritizing low regulation and entrepreneurial spirit, businesses like Thompson Insurance Group can contribute significantly to the overall economic growth of Baltimore.
Conclusion
The transition to Andrew Thompson as CEO represents not only a continuation of a family legacy but also an affirmation of the company’s commitment to service excellence and community engagement. As Thompson Insurance Group moves forward, it remains dedicated to enhancing its service offerings in a manner that contributes positively to Baltimore’s economy. Community support for local businesses like Thompson Insurance Group is crucial in shaping a prosperous future, encouraging citizens to engage with and promote small business resilience within their neighborhoods.
Frequently Asked Questions (FAQ)
Who is the new CEO of Thompson Insurance Group?
Andrew Thompson has been appointed as the new Chief Executive Officer of Thompson Insurance Group, succeeding his father, David Thompson, who founded the company nearly five decades ago.
What are the main business units of Thompson Insurance Group?
Thompson Insurance Group operates through four dedicated business units: The Gibson Agency, Thompson Private Client Services, PetBizInsurance.com, and Gibson Agri & Equine Insurance.
How has Thompson Insurance Group performed in recent years?
In 2023, Thompson Insurance Group reported growth across all its business units, with personal lines at The Gibson Agency growing 11.2%, PetBizInsurance.com rising by 16.6%, and Gibson Agri & Equine Insurance recording a 22.1% increase.
Key Features of Thompson Insurance Group
| Feature | Description |
|---|---|
| Leadership Transition | Andrew Thompson appointed as new CEO, succeeding his father, David Thompson. |
| Business Units | The Gibson Agency, Thompson Private Client Services, PetBizInsurance.com, Gibson Agri & Equine Insurance. |
| Recent Growth | Reported growth in 2023: 11.2% in personal lines, 16.6% in PetBizInsurance.com, 22.1% in Gibson Agri & Equine Insurance. |
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