Risk Strategies and One80 Intermediaries will operate under the newly introduced Accession Risk Management Group parent brand, following a reorganisation.
Accession Risk Management Group will represent the family of specialty insurance distribution, captive management and risk management companies, operating under common ownership of their private equity sponsor, Kelso & Company, which includes Risk Strategies and One80.
Risk Strategies specialises in the design, implementation and management of all types of captive insurance companies, and has bought several captive managers in recent years, including Atlas Insurance Management, Risk Management Advisors and Oxford Risk Management Group.
The combined organisation is now approaching $1.5bn in revenues and more than $15bn of insurance premiums under management.
“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,” said John Mina, CEO, Accession Risk Management Group.
“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.”
More than 170 specialty firms have joined Accession’s companies through M&A, with employees approaching 5,000 on a combined basis across Risk Strategies and One80 Intermediaries.