Korosh Saba Ascends to CEO of Stephens Insurance
Advisor - People | Jan 08, 2025 | Stephens
Stephens Insurance, LLC has announced significant leadership changes by appointing Korosh Saba as the new President and CEO, and Lizzie Phillips Sanford as the Chief Strategy Officer. These appointments come as part of a strategic shift within the organization, with the former CEO, Miles Stephens, now taking the role of Co-CEO at the parent company, Stephens Inc. Korosh Saba, who joined Stephens Insurance in 2019 and has a rich career within Stephens' different divisions, will bring his extensive experience to lead the brokerage. Lizzie Phillips Sanford, previously the CIO of Stephens Insurance, combines her background in analytics and economics to provide strategic insights for the firm. Stephens Insurance, one of the largest privately-held insurance brokerages in the mid-South, operates under the umbrella of Stephens Inc., a prominent investment banking and financial services firm based in Little Rock, Arkansas.
Sectors
- Insurance
- Investment Banking
Geography
- United States – Stephens Insurance and its parent company, Stephens Inc., are headquartered in Little Rock, Arkansas and operate across various states in the U.S., making it a key geographical region for their operations.
Industry
- Insurance – The article primarily discusses leadership changes at Stephens Insurance, a major player in the insurance brokerage sector.
- Investment Banking – Stephens Inc., the parent company of Stephens Insurance, operates in the investment banking sector providing financial services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stephens Insurance, LLC | Company undergoing leadership change | Company | A prominent privately-held insurance brokerage company, part of the Stephens family of companies. |
| Korosh Saba | New President and CEO | Person | Appointed as President and CEO of Stephens Insurance, bringing extensive experience from prior roles within the company. |
| Lizzie Phillips Sanford | New Chief Strategy Officer | Person | Appointed as Chief Strategy Officer, contributing her expertise in analytics and economics. |
| Miles Stephens | Former CEO of Stephens Insurance, now Co-CEO of Stephens Inc. | Person | Former CEO of Stephens Insurance and currently Co-CEO of Stephens Inc. |
| Stephens Inc. | Parent company | Company | A leading family-owned investment firm providing financial services across a broad client base. |