Mat Lipscomb III and Johnny Pitts are the majority owners and chief managers of the largest locally owned insurance agency in the Mid-South United States, Lipscomb & Pitts Insurance, LLC.
Mat Lipscomb III was born in Memphis, Tennessee and was raised in North Mississippi.
Mat graduated from Memphis State University earning his B.B.A. with a major in insurance.
He then worked for an international insurance company, where he trained in the underwriting, claims, audit and loss-control departments, while at the same time earning his Certified Insurance Counselor (CIC) designation.
Another major insurance company presented Mat
with a scholarship to further his
training in estate conservation at Purdue University
Mat joined Lipscomb & Pitts in 1979 in the role of Commercial Insurance Producer.
In 1989, Mat and Johnny became partners at Lipscomb & Pitts Insurance.
focused on sales management and insurance carrier relationships; Johnny focused on the financial and administrative divisions of the company, while still producing and retaining business insurance.
In 1992, Mat
and Johnny purchased Lipscomb & Pitts Insurance
from their fathers.
is very involved in the community as well.
Mat served as Chairman of the Memphis and Shelby County Insurance Advisory Committee, is a member of the Value Creation Initiative (VCI) for Assurex Global and serves on numerous insurance company advisory boards.