Risk Strategies Hires Murray, Power in Massachusetts

Risk Strategies, a privately held national insurance brokerage and risk management firm, has selected Bret Murray to oversee its national higher education practice. Most recently, Murray was director of risk management and insurance at Tufts University.

Murray, whose background in insurance dates back to 1998, was previously responsible for Tufts University’s overall risk management strategy to identify, control and finance insurance and enterprise risks across its campuses, schools, departments and divisions. In this role, Murray managed and placed Tufts’ worldwide portfolio of property, casualty, finance and professional lines of insurance coverage.

Prior to Tufts, Murray spent 10 years as a risk management analyst with RELX Group, a global provider of information and analytics for professional organizations and other business clients.

Risk Strategies’ higher education practice has more than 50 specialists focused on the industry and counts more than 200 colleges and universities across the U.S. among its client base. The company’s higher education practice also incorporates the ability to develop student health insurance program offerings through its University Health Plans division.

In a separate move, Risk Strategies 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, Mass., Power will 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 wholesale capabilities.

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.

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.

Risk Strategies has offices across the country. As a U.S. insurance broker, the company offers risk management advice as well as insurance and reinsurance placement for property and casualty, healthcare and employee benefits risks. It serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets.

Source: Risk Strategies