Risk Strategies and One80 Intermediaries have announced an internal reorganisation to operate under the newly introduced Accession Risk Management Group parent brand.
As per the announcement, Accession Risk Management Group will represent the family of specialty insurance distribution and risk management companies, operating under common ownership of their private equity sponsor, Kelso & Company.
Accession Risk Management Group will be led by John Mina as global CEO, and will continue to provide specialised insurance solutions throughout the United States and Canada.
According to the announcement, the introduction of the Accession Risk Management Group brand will “further enable the broader enterprise to remain nimble and scale into the future with continued expansion of specialty products and services to satisfy the diverse and growing needs of the insurance and risk management market.”
John Mina, CEO, Accession Risk Management Group, commented, “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.
“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.”
Accession noted that bringing these platforms together under a cohesive parent brand “marks the next stage of evolution,” with the combined organisation now approaching $1.5 billion in revenues and more than $15 billion of insurance premiums under management.
The announcement concluded, “To date, more than 170 specialty firms have joined Accession’s family of companies through M&A, with employees approaching 5,000 on a combined basis across Risk Strategies and One80 Intermediaries.
“The enterprise will continue to pursue acquisition growth opportunities under the Accession Risk Management Group umbrella, with dedicated focus on businesses that are additive and complementary to its expanding set of niche and specialty products and services under each of the Risk Strategies and One80 Intermediaries brands and with an eye toward building additional specialty platforms to serve its clients’ needs in all areas of insurance distribution and risk management.”
