Lexington Insurance veteran brings deep relevant experience to new position
BOSTON, Jan. 14, 2019 (GLOBE NEWSWIRE) — Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced it has selected Matthew Power to lead its national wholesale and alternative distribution operations. He comes to Risk Strategies from Lexington Insurance Company, where he was National Branch President and Head of Wholesale Broker Engagement.
Based in Boston, Power will also oversee the development of new programs as the firm seeks to build out its portfolio of specialty wholesale businesses and offerings. Along with acquisitions specifically targeting wholesale operations, Risk Strategies has acquired a number of firms that have brought with them robust wholesale capabilities.
“Having first-tier expertise in wholesale and alternative distribution is important to our overall capabilities, especially as we continue to invest in this space,” explained Risk Strategies’ President, John Mina. “Matt is exactly the right person to bring focus to this side of our business and build on the great foundation we have in place.”
Previously Head of Strategic Development and Chief Innovation and Strategic Relationship Officer at AIG, Power also held the role of President of Risk Specialists Companies, a national network of wholly-owned brokerage subsidiaries of AIG. His career in insurance spans more than 25 years and includes stints with Home Insurance Company and Kemper Insurance Company.
“I’m excited to join such a dynamic organization with a clear vision of the value that true specialty expertise brings to all aspects of the market,” said Power. “I look forward to utilizing my years of experience in structuring wholesale and alternative distribution programs to build out the firm’s capabilities.”
Organizations that have brought wholesale and alternative distribution capabilities to Risk Strategies include Advanced E&S Group, Atlass Special Risks, Cincinnati Intermediaries, Flood Advantage Partners, and Select Insurance Markets LLP.
A graduate of the University of Massachusetts, who has also completed postgraduate studies at Harvard Business School, Power serves on the board of directors for several organizations, including the New England Council, the Greater Boston Chamber of Commerce, and the Dean’s Advisory Board at the University of Massachusetts College of Management.
To learn more about Risk Strategies, click here.
About Risk Strategies
Risk Strategies is a privately held, national firm with offices across the country. As a leading U.S. insurance broker, the company offers sophisticated risk management advice as well as insurance and reinsurance placement for property & casualty, healthcare and employee benefits risks. Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets. Ranked among the top 20 brokers in the country, Risk Strategies has offices in more than 50 locations nationwide including Boston, New York City, Chicago, Miami, Atlanta, Dallas, Nashville, Los Angeles and San Francisco.
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