The new president was named at the beginning of April
Risk Strategies has welcomed a new president. The Boston-based insurance brokerage firm announced that John Mina has joined the firm to help guide the national brokerage firm’s continued growth and expansion of offices across the country as well as to run the “day-to-day” business operations.
“Scaling our collaborative, small-firm culture as we continue on an accelerated growth path requires a unique combination of deep industry experience and leadership skills,” said Michael Christian, CEO and Founder of Risk Strategies Company. “John has a proven track record that demonstrates he is the right person at the right time for this job.”
Mr. Mina joins Risk Strategies from Willis Towers Watson, after spending more than two decades with the firm, most recently as its Head of Corporate Risk & Broking, Atlantic South Region. He first began his brokerage career in 1989 working at the New York City office of Marsh McLennan.
Among Mina’s new responsibilities at Risk Strategies will be to focus on refining the firm’s corporate strategy and organizational structure in order to improve client services and company efficiency.
In addition, he also will serve on the firm’s executive committee and will interact will all of the company’s office locations in order to provide uniform practices and direction company-wide.
“Risk Strategies has built a strong reputation for deep technical knowledge in its specialties as well as exceptional client service,” said Mina. “I’m looking forward to helping Mike and his team scale what has worked so well and uncover new ways to deliver more value to clients.”
A resident of the Washington, D.C. area, Mina is a Board Member of the Friends of the National Zoo as well as the Maguire Academy of Risk & Insurance Management at Gallaudet University. Mr. Mina will work out of Risk Strategies’ New York City office.
April also saw the firm add to its Employee Benefits Practice
In addition to naming a new President this month, Risk Strategies also added to its employee benefits practice. The company acquired the commercial benefits and consulting operations of Mosse & Mosse Associates, LLC. While further terms of the transaction were not disclosed, a separate operation, Mosse & Mosse School and Municipality Insurance Services, was not included in the acquisition of Mosse & Mosse Associates, LLC.
“Benefits consultants play a vital role in reconciling business goals and employee needs,” noted John Greenbaum, National Employee Benefits Practice leader at Risk Strategies Company. “Mosse & Mosse’s long-lived client relationships are clear evidence their strategic expertise and high-touch client service approach will be a great fit for our practice group.”
Founded in 1989, Mosse & Mosse is a boutique brokerage and consulting firm based in Lynnfield. The company boasts a customer retention rate of over 90 percent, with clients hailing from 37 states domestically as well as several foreign countries. Many have been associated with the firm for over 20 years. Mosse & Mosse clients compete in a variety of industries as well including automotive, farm equipment, printing & marketing, HVAC, insurance, industrial products, auto dealerships, power systems, and food processing, among others.
“Risk Strategies’ deep practice expertise and broad reach of resources will be an immediate and long-lasting benefit to our current clients,” said Jonathan R. Mosse, President of Health & Welfare at Mosse & Mosse. “We see those same attributes as an avenue for our associates to help the company grow in industries where we have experience.”
Covering plan types including defined contribution, defined benefit and non-qualified plans, Mosse & Mosse’s retirement plan consulting services cover investment consulting, plan design and operational analysis, as well as regulatory and compliance consulting support.
“Retirement planning expertise has been a source of competitive strength for our firm’s service offerings,” noted Michael V. Mosse, President of Retirement Plans at Mosse & Mosse. “We believe it will fit well with Risk Strategies’ expanding capabilities.”
The firm also added a Long Island Agency to its roster this month
The company also announced this month that it has acquired the New York-based agency Freidman & Freidman Agency. Founded in 1947, the agency provides personal lines insurance needs as well as estate planning and complex asset protection for high net worth families.
“Risk Strategies Company is focused on acquiring the expertise that makes understanding and solving complex, dynamic risk challenges simple and efficient,” said Bob Courtemanche, Risk Strategies Company senior managing director, private client group national practice leader. “The personnel and focus of Friedman & Friedman make it a great fit for our approach to the business.”
Adding to that Bob Freidman, Partner, Freidman & Freidman Agency said,
“Friedman & Friedman has a long history of providing superior advice and service to clients, so we wanted to be sure the company we joined met that standard and could add significantly to the capabilities our clients can tap. Risk Strategies is clearly able to do just that.”
Risk Strategies’ financial backing from private equity firm fuels growth
Founded in 1997, Risk Strategies has grown over the last 18 years to become one of the largest insurance brokerage firms in the U.S. The privately-held Risk Strategies focuses on middle and upper-middle market commercial and high-net-worth clients with its vertical industry expertise including healthcare, higher education, manufacturing, professional liability, construction, entertainment, fine arts, private equity, private client and real estate.
In October of 2014 Risk Strategies acquired the DeWitt Stern Group, greatly expanding its Private Client practices into New York City, Chicago, Los Angeles and Sacramento. In July 2015, it went on to acquire the Burlingame, California-based MacCorkle Insurance Services giving it a foothold in the San Francisco area. In October 2015, the firm established a new Private Client practice in the Southern states of Tennessee, Georgia, and Alabama via its previous acquisition of the Crow Friedman Group.
In November 2015, Kelso & Co., one of the oldest and most established firms in the private equity industry as well as a leading investor in the insurance sector, announced that it had acquired a majority stake in Risk Strategies.
In October 2016, the brokerage firm formally entered into the retirement and financial planning consultancy space with the acquisition of TSG Financial in Long Island.