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Accession Threat Administration Group model to offer mother or father platform for scale and progress of specialty corporations serving purchasers evolving danger administration wants
Threat Methods and One80 Intermediaries have introduced an inner reorganization to function beneath the newly launched Accession Threat Administration Group mother or father model. Accession Threat Administration Group will characterize the household of specialty insurance coverage distribution and danger administration corporations, working beneath widespread possession of their non-public fairness sponsor, Kelso & Firm, which at the moment contains Threat Methods, a retail specialty brokerage and danger administration firm, and One80 Intermediaries, a specialty wholesale brokerage and program administration agency.
Led by John Mina as global CEO, the Accession Threat Administration Group household of corporations will proceed to offer specialised insurance coverage options all through america and Canada. The introduction of the Accession Threat Administration Group model will additional allow the broader enterprise to stay nimble and scale into the longer term with continued growth of specialty services to fulfill the varied and rising wants of the insurance coverage and danger administration market.
“Our purchasers and companions have an evolving continuum of insurance coverage and danger administration wants, all of which we aspire to handle from inside the Accession Threat Administration Group household,” mentioned John Mina, CEO, Accession Threat Administration Group. “The introduction of Accession Threat Administration Group as our mother or father model provides us a broader alternative to serve our purchasers and companions throughout an increasing set of area of interest and specialty market segments.”
Every of the present Accession platforms brings focus to their markets and specialties, serving distinct purchasers and companions inside the insurance coverage and danger administration area. Dedication to this specialty method has catalyzed sturdy progress for these platforms, each organically and thru a considerate M&A method, with the mixed group now approaching $1.5 billion in revenues and greater than $15 billion of insurance coverage premiums beneath administration. Bringing these platforms collectively beneath a cohesive mother or father model marks the subsequent stage of evolution for these complementary corporations, providing additional alternative to broaden into extra market segments and specialties.
So far, greater than 170 specialty corporations have joined Accession’s household of corporations via M&A, with staff approaching 5,000 on a mixed foundation throughout Threat Methods and One80 Intermediaries. The enterprise will proceed to pursue acquisition progress alternatives beneath the Accession Threat Administration Group umbrella, with devoted concentrate on companies which can be additive and complementary to its increasing set of area of interest and specialty services beneath every of the Threat Methods and One80 Intermediaries manufacturers and with an eye fixed towards constructing extra specialty platforms to serve its purchasers’ wants in all areas of insurance coverage distribution and danger administration.
About Accession Threat Administration Group
Headquartered in Boston, Massachusetts, Accession Threat Administration Group is the mother or father model to a household of specialty insurance coverage and danger administration corporations, together with core working platforms Threat Methods and One80 Intermediaries, that at the moment locations within the mixture greater than $15 billion in insurance coverage premiums and approaching $1.5 billion in mixed revenues. Via its centered M&A progress technique, over 170 corporations have joined the Accession household since 2014, bringing specialty experience, repeated replenishment of entrepreneurial spirit, and a continued concentrate on assembly purchasers’ evolving wants within the insurance coverage and danger administration area.
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