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Ex-Lexington Insurance Exec Heads New National Specialty Broker One80

One80 Intermediaries, a national wholesale insurance broker and program manager headquartered in Boston and built through acquisitions, officially launched Tuesday, offering placement and in-house binding services for property/casualty, financial lines, personal lines, and medical stop loss risks.

One80 Intermediaries is being officially launched now, however, its parent and subsidiary entities have been in operation for years. One80 is a wholly owned subsidiary of Risk Strategies and is the culmination of several years or mergers and acquisitions carried out by Risk Strategies as it was building its specialty operations.

One80 is led by its president, Matthew F. Power, an industry veteran, whose experience includes 26 years at AIG, where he served as executive vice president of its surplus lines carrier Lexington Insurance Co., and as head of wholesale broker engagement. Last January, he became president of Risk Strategies.

One80 is looking to serve commercial companies, non-profits, public entities and individuals, and says it has access to major insurance markets in the U.S. and UK. Coverage spans all industry classes.

“We saw a real need in the marketplace to provide highly specialized and innovative insurance solutions which address the evolving needs of our brokers,” said Power in prepared remarks.

He said One80 is “built on a foundation of experience and integrity,” with experienced professionals that have relationships with leading carriers.

One80 has offices in more than 19 locations nationwide including Boston, New York City, Chicago, Miami, Atlanta, Houston, Dallas, Nashville, San Diego and Seattle.

One80 has been built through acquisitions by Risk Strategies that have included just in the last fourth quarter: two subsidiaries of Gowrie Holdings; Missouri’s Thomas McGee Group; Dash & Love brokerage near Philadelphia; Bedrick-Kaitz Agency and Pro Safety Services in New York; Risk Management Advisors in Long Beach, Calif. and National Insurance Consulting Group in the Southeast.

One80 currently includes Winter Group, a specialist transportation wholesale broker; Cincinnati Intermediaries, a financial lines specialty wholesaler; Advanced E & S, a Florida-based wholesale broker; Flood Advantage Partners, a commercial flood specialist based one Estero, Florida; Select Insurance Markets, a personal lines aggregator based in Houston; and Maritime Program Group, a national recreational yacht specialist.

One80’s National Director, Christopher Pesce, joined the company’s executive team with Risk Strategies’ acquisition in December of Maritime Program Group (MPG).

Others on the One80 team include:

• Donovan Nowell, financial lines practice leader, who was formerly with Beazley in U.S. broker relations and before that with Willis and AIG;
• Brad Keller, property practice leader, who was previously with wholesale broker AllRisks and prior to that with Peachtree Special Risks, a wholesale subsidiary of Brown & Brown;
• Alex Furlong, senior casualty executive, who previously was a vice president at broker AmWINS Group where he focused on wholesale environmental, construction, real estate, products, and energy risks; and
• Phillip Winter, transportation practice leader, the former managing director of Winter Group who has more than 20 years’ experience as a transportation broker.