US insurance broker and risk management firm, Risk Strategies, has promoted Tracy Hoffman and Matthew Smith to Managing Directors as part of planned leadership successions in both its Managed Health Care and Reinsurance arms.
Hoffman is set to take over leadership of the National Heath Care Practice’s Managed Care team. She brings over 25 years of experience in the insurance industry, including work with hospitals, health plans, physician groups, ACOs, and more.
She takes over the role from Riggs Stephenson, who joined Risk Strategies in 2015 with the Dubraski & Associates acquisition.
Stephenson will remain with the brokerage, working with Hoffman and her team to ensure client and team continuity.
Smith will take over the leadership of the Health Care Practice’s Reinsurance team. He has worked in the re/insurance sector for over 22 years and brings experience in health, life and accident reinsurance.
He takes over the Managing Director role from Tony Plampton, Founder of Re-Solutions Intermediaries, a specialty brokerage acquired by Risk Strategies in 2015. Plampton is to leave the firm for a new role with a Risk Strategies client.
Hoffman said: “I’m thrilled and honoured to be stepping into this important leadership role. I’ve had a great mentor and a great team to support the plans we are rolling out to benefit our clients and our business.”
Smith said: “Stepping into this position would not have been possible without the support and guidance I’ve received from the entire team. I have big shoes to fill but know that, working together, we will be able to make a significant difference for our clients as we grow together.”
Bob Dubraski, Chief Growth Officer and National Health Care Practice Leader, added: “Staying on the cutting edge as specialties and risks evolve is vital. We started these critical succession efforts in early 2020 and have been working closely to ensure a smooth transition.
“Tracy and Matt are supported by the industry’s best team of professionals in Managed Care Stop Loss and A&H Reinsurance and have exciting initiatives already underway to grow the business and enhance services.”
