Risk Strategies, One80 reveal reorganisation under new parent brand
Risk Strategies, One80 reveal reorganisation under new parent brand | Insurance Business Canada
Insurance News
Risk Strategies, One80 reveal reorganisation under new parent brand
CEO for the revamped parent platform also announced
Insurance News
By
Kenneth Araullo
Risk Strategies and One80 Intermediaries have made an announcement regarding their organisational structure, unveiling a consolidation under the new parent brand, Accession Risk Management Group.
This move encompasses a range of specialty insurance distribution and risk management companies under the shared ownership of Kelso & Company, a private equity sponsor. Notably, this includes Risk Strategies, a specialised retail brokerage and risk management company, and One80 Intermediaries, a niche wholesale brokerage and program management firm.
Guided by John Mina, the newly appointed global CEO, Accession Risk Management Group and its affiliated companies will offer tailored insurance solutions across the United States and Canada. The introduction of the Accession Risk Management Group brand is expected to enhance the overall agility of the enterprise and facilitate future growth, allowing for the continued expansion of specialised products and services that meet the diverse and growing demands of the insurance and risk management market.
To date, Accession has welcomed over 170 specialty firms into its family of companies through mergers and acquisitions. The combined employee count approaches 5,000 across Risk Strategies and One80 Intermediaries. Additionally, the company announced that it is looking to build additional specialty platforms to cater to its clients’ needs across all facets of insurance distribution and risk management.
The combined organisation is now approaching US$1.5 billion in revenues with over US$15 billion of insurance premiums under management. Bringing these platforms together under a unified parent brand signifies the next phase of evolution for these complementary entities, presenting further opportunities for expansion into additional market segments and specialties.
“Our clients and partners have an evolving continuum of insurance and risk management needs, all of which we aspire to address from within the Accession Risk Management Group family,” Mina said. “The introduction of Accession Risk Management Group as our parent brand gives us a broader opportunity to serve our clients and partners across an expanding set of niche and specialty market segments.”
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