The Baldwin Group Appoints Paul Sparks to its Board of Directors

TAMPA, FL - (BUSINESS WIRE) - JANUARY 12, 2026 - The Baldwin Group ("Baldwin" or "the "Company") (NASDAQ: BWIN), a leading independent insurance brokerage and advisory firm delivering tailored insurance solutions to a wide range of personal and commercial clients, today announced that Paul Sparks, Executive Chairman of CAC Group ("CAC"), a specialty insurance brokerage firm, was appointed as a director, effective January 1, 2026.

The appointment was made in connection with the recently announced merger between Baldwin and CAC, which has created one of the largest independent insurance advisory and distribution platforms in the United States.

"We are privileged and excited to welcome Paul to our Board of Directors," said Lowry Baldwin, Chairman of the Board. "Paul's leadership has been instrumental in vaulting CAC into one of the industry's preeminent specialty insurance brokerage and advisory platforms in a short timeframe. His experience will be invaluable as the Board stewards strategies to achieve our ambitious growth and margin and free cash flow expansion goals. Equally important, is his commitment to nurturing a culture of growth and achievement that attracts top talent, aligning perfectly with our Azimuth values as we transform into a transcendent insurance and risk management firm."

Trevor Baldwin, Chief Executive Officer and Director, said, "Having such an accomplished insurance executive as Paul join our Board provides a tremendous opportunity to help accelerate us toward our 'Broker of the Future' vision. His successful track record as Chairman during these pivotal years at CAC, combined with his deep expertise designing sophisticated specialty insurance coverage solutions, will add an important dimension to our Board's diverse backgrounds and skillsets."

Mr. Sparks' insurance career spans more than forty years of underwriting and broking experience, leveraging deep insurer relationships and complex coverage expertise across multiple specialty insurance lines to deliver exceptional outcomes for clients in several industries.

He has served as Executive Chairman of CAC Group since its founding in 2019, guiding its remarkable growth trajectory that featured organic revenue expanding at a nearly 30% compound annual rate. Prior to CAC, Mr. Sparks held several leadership roles at McGriff, Seibels & Williams, including as the founder and head of its financial services division. Earlier in his career, he served as a Senior Vice President at Aon Corporation and as a Customer Group Practice Leader at Chubb.

Mr. Sparks graduated from Georgia State University with a Bachelor of Business Administration degree in finance and is a board member for the university's Risk Management Foundation.