19 October 2023news

Risk Strategies and One80 Intermediaries realign under ARMG brand

Risk Strategies, the specialty insurance brokerage and risk management firm, and One80 Intermediaries have announced an internal reorganisation that will lead them to operate under the newly introduced Accession Risk Management Group (ARMG) parent brand.

ARMG will represent the family of specialty insurance distribution and risk management companies, operating under common ownership of their private equity sponsor, Kelso & Company.

Led by John Mina as global chief executive, the ARMG family of companies will continue to provide specialised insurance solutions throughout the US and Canada.

The company said that the new 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.

“Our clients and partners have an evolving continuum of insurance and risk management needs, all of which we aspire to address from within the [ARMG] family,” said Mina. “The introduction of [ARMG] 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.”

Each of the existing ARMG platforms will bring focus to their markets and specialties, serving distinct clients and partners within the insurance and risk management space. According to the company it has pursued growth organically and also through a ‘thoughtful’ M&A strategy, with the combined organisation now approaching $1.5 billion in revenues and more than $15 billion of insurance premiums under management. Bringing those platforms together under a cohesive parent brand marks the next stage of evolution for these complementary companies, offering further opportunity to expand into additional market segments and specialties.

To date, more than 170 specialty firms have joined ARMG’s family of companies through M&A, with employees approaching 5,000 on a combined basis across Risk Strategies and One80 Intermediaries.

The company said that it will continue to pursue acquisition growth opportunities under the 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. It will also have an eye toward building additional specialty platforms to serve its clients’ needs in all areas of insurance distribution and risk management.