We are proud to share the 2023 Accession Risk Management Group Annual Report.
We have been fortunate to enjoy many defining years as we’ve led the way in delivering an innovative insurance brokerage model based on a specialist approach to risk management that delivers meaningful value for our clients, team members, partners, and shareholders.
We are pleased to report that 2023 was a significant year, with performance exceeding expectations on nearly every level.
Below are a few key highlights.
Placed more than $10.6B of insurance premiums in the marketplace, and our commitment to client retention remains solid at 92% or higher.
Majority of business practices grew to meet or exceed our objectives and several achieved double-digit growth.
Visits to our website doubled, our Google rankings increased nearly 50%, and we achieved nearly 200 million media impressions from more than 225 pieces of news coverage.
Added the role of Chief Operating Officers (COOs) to all major business segments to execute our operational excellence strategy, including leading operational growth, technology innovation, and the successful integration of new companies into the Risk Strategies family.
Ranked as the 9th largest specialty intermediary and the 3rd largest MGA/Underwriting Manager/Lloyd’s Coverholder in the country.
Earned $422M in revenue, maintained over 115 carrier relationships worldwide, and managed 130 distinct programs approaching $4.2B of in-force premium in program business alone.
Maintained 18 coverholder agreements with Lloyds, contributing to more than $125M in premium.
Launched 12 new programs in the marine, transportation, and environmental space; leading innovation in areas including point-of-sale insurance solutions and California homeowners coverage.
I’d like to extend a sincere thank you to all employees across the Accession family of companies for your unwavering dedication and contributions to our collective success. Our unifying power is our expertise, collaboration, and a culture that demonstrates caring, respect and appreciation for one another. I am very proud of our 2023 results, and I’m confident and excited about our future together.
