Parrott Insurance & Benefits Transfers Ownership
Last year, Parrott Insurance & Benefits began a transfer of ownership from one generation to the next. What has that meant for the agency?
John (Mac) Parrott founded Parrott Insurance in 1981 and headquartered in Lexington. When his wife Elizabeth (Beth) Parrott joined in 1991, the agency developed its core values: commitment to independence in ownership and a focus on exceptional service. In 2015, Parrott Insurance opened a second office in Raleigh. A partner of the agency, Daniel Odorizzi (President of the North Carolina National Associate of Health Underwriters), currently oversees the Raleigh office.
But in 2018, Mac and Beth Parrott began their retirement. And, who better to assume ownership of a privately-owned firm than their daughter, Elizabeth (Liz) Shive.
Liz joined Parrott Insurance in 2008, and as of this year, acts as the current President of Parrott Insurance. Liz graduated from UNC Chapel Hill and worked for the State Health Plan of North Carolina before joining Parrott Insurance. Daniel Shive, her husband, joined Parrott Insurance in 2010 and is the current Vice President of the agency. Daniel received a master’s degree in Public Health from UNC Chapel Hill and worked as a health care consultant for RTI International and The Lewin Group before joining Parrott Insurance.
In the past three years, Parrott Insurance has seen 100% growth. The agency attributes such success to their innovative benefit strategies and solutions provided to clients by a professional staff who are dedicated to excellence, service, and integrity. Former owner, Beth Parrott, says, “It is the perfect time for Liz to become the new leader of our agency. I am so happy with the success we’ve seen!” And Liz has her sights set on growth— “I am excited about the future of Parrott Insurance. With such tremendous growth, I can’t wait to see where the agency will go!”
From two generations of the same family, Parrott Insurance & Benefits proudly remains independently owned. The agency strongly believes that their independence in ownership is in the best interest of both their clients and staff. It also allows the agency to be large enough to help clients with competitive and comprehensive employee benefits, yet small enough to be able to make each client a top priority.
Along with the Parrott’s and the Shive’s, the team at Parrott Insurance includes: Nora Anderson (18 years), Lynette Anderson (17 years), Teresa Penninger (17 years), Kenda Strickland (14 years), Kimberly Wehrle (6 years), Lisa Gregory (5 years), Daniel Odorizzi (2 years), Raegan Sasser (1 year), and Caitlin Rimmer.
This story is also featured in The Dispatch (Lexington, NC newspaper).