Risk Strategies, One80 Intermediaries Reorganize Under Accession Brand

Risk Strategies and One80 Intermediaries on Oct 18 announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand.

Accession Risk Management Group, led by John Mina as global CEO, will represent the family of specialty insurance distribution and risk management companies, operating under common ownership of their private equity sponsor, Kelso & Company, which currently includes Risk Strategies, a retail specialty brokerage and risk management company, and One80 Intermediaries, a specialty wholesale brokerage and program management firm.

To date, more than 170 specialty firms have joined Boston-based Accession’s family of companies through M&A, with employees approaching 5,000 on a combined basis across Risk Strategies and One80 Intermediaries. The combined organization now has about $1.5 billion in revenues and more than $15 billion of insurance premiums under management.

According to the announcement, the Accession Risk Management Group family of companies will continue to provide specialized insurance solutions throughout the U.S. and Canada. The brand will further enable the broader enterprise to remain nimble and scale with the expansion of specialty products and services.

“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 Mina, in a statement. “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.”