Bruce and Janet Cochrane founded Renaissance Alliance in the late 1990s
Twenty-one years after founding Renaissance Alliance Insurance Services, Bruce and Janet Cochrane have announced that they will be retiring from their full-time roles within the company; effective January 1, 2021.
“We’re so proud of what we’ve built at Renaissance and are thrilled to be passing the torch during this exciting period of rapid regional expansion and significant premium growth,” said Bruce Cochrane in the official announcement.
Grew Renaissance Alliance from a local alliance into a national presence
The Cochranes have been leaders and innovators in the Massachusetts insurance industry for many years with Mr. Cochrane having started started one of the first group property/liability programs in New England in the late 1970s.
In the late 1980s, he went on to form and manage a successful self-insurance group for Massachusetts union contractors. He followed this in 1994, with a fully insured workers’ compensation program, The Renaissance Plan, serving more than 300 sub-brokers throughout New England. In 1995 he founded Minuteman Insurance Company, Ltd, a Bermuda-based reinsurer that reinsured much of the business underwritten in The Renaissance Plan.
In the late 1990s, Bruce and Janet Cochrane set out to create a company with the clear goal of empowering independent agents to be the dominant force in the insurance industry long into the future; committed to the best interests of the insuring public. Renaissance Alliance was a pioneer in the insurance aggregator space and has always delivered more capabilities and more value than typical agency networks.
After being named the Insurance Professional of the Year in 2017, he announced that Long Arc Capital would be investing in the company in order to expand RAIS’ agency networks services and geographic footprint. Since joining forces with Long Arc, the company has entered new markets, enhanced the services it provides to its members, and built an innovative integrated technology platform. All of these capabilities work together to create meaningful growth for its independent agency members.
Following the Cochranes announcement, Renaissance Alliance announced that Kevin R. Callahan, Executive Chairman, and Robert A. Bondi, President, will lead the Executive Committee. Bruce Cochrane will remain a member of the Renaissance Alliance Board of Directors and serve as Special Advisor to Kevin Callahan.
“I’m delighted to take the helm of this great company and to build on the outstanding foundation Bruce and Janet created,” said Executive Chairman Kevin Callahan in response to the announcement. “We will continue our geographic expansion while enhancing the value that Renaissance provides to our members and carrier partners. Today, Renaissance is approaching $1 billion in premium. This progress is evidence that the value proposition is resonating in the market, and we are looking forward to continued growth for years to come.”
