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A Big League Specialist With An Entrpreneurial Outlook

By Michael McFadden

About Michael McFadden Managing Partner Securitas Insurance Partners:

Acquired in September 2020, Pennsylvania-based Securitas Insurance Partners was an independent specialty brokerage focused on the retail insurance and risk management needs of venture capital and private equity backed portfolio companies.


A Big League Specialist With An Entrpreneurial Outlook

Having worked over 20 years and after leading the Private Equity M&A Practice at Marsh & McLennan, I launched Securitas Insurance Partners 10 years ago as a true PE specialist. That approach worked well. So well, in fact, that I eventually began seeing a mismatch between our service capabilities and our clients growing needs. It became apparent that we needed a partner to help us compete up market.

When evaluating the market place Risk Strategies stood out above the rest. Risk Strategies is a real specialty broker with deep technical expertise and great analytics. Seeing what Risk Strategies has done in private equity, including acquiring The Krauter Group, made it a very easy decision. Becoming part of Risk Strategies was something that was going to immediately enhance our offering - from credibility to resources and depth of services, including things like deep insurance due diligence capabilities, transactional risk teams, claims advocacy, portfolio programs and more. It immediately placed us among the top four Private Equity brokers in the United States.

 

When evaluating the market place Risk Strategies stood out above the rest. Risk Strategies is a real specialty broker with deep technical expertise and great analytics.

 

The move, I thought, would also create natural opportunities for Securitas and Risk Strategies to build more robust offerings and approaches from shared client base experience. Securitas, for instance, built deep Property & Casualty specialty expertise in life sciences. Risk Strategies’ Bostonarea operations has deep Health & Welfare experience in that industry. I was excited by the prospect of working with that region to develop a more complete insurance and risk management approach for life sciences companies.

In terms of possible issues with our carrier partners and clients, it also was an easy decision. Given the scope of Risk Strategies’ market access, I really saw no potential disruption in placements; if anything, we would be enhancing our capabilities.

For myself and my team, Risk Strategies’ entrepreneurial spirit also made joining extremely attractive. Everyone I spoke to about Risk Strategies said, it’s a truly a flat national organization with a “guidelines and guardrails” approach that allows you to move fast. That’s exactly what I’ve found. Tremendous energy and collaboration.

Becoming part of Risk Strategies was also clearly going to be a great career growth platform for my team. As part of Risk Strategies’ national organization, with its flat structure, collaborative culture and entrepreneurial energy, I saw that my people could map a rewarding future of their own making.

Risk Strategies being a Best Place to Work three years in a row speaks volumes to me and my team, because it’s not just handed out. It shows a real commitment to employees and their careers and that’s vital. You don’t lose bad people, in my experience, you lose good ones. Being committed to the work environment, culture and career ensures you don’t lose the good ones.

 

Risk Strategies being a Best Place to Work three years in a row speaks volumes to me and my team, because it’s not just handed out. It shows a real commitment to employees and their careers and that’s vital.

 

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