In partnership with The Vistria Group and founded by industry leader Jeff Turner, Crestfield Risk has recently launched as a platform to unite and support leading independent insurance agencies across the US.
Crestfield Risk employs a co-ownership model, aligning agency partners through equity ownership at both the agency and holding company levels. This model allows agency leaders to maintain the unique strengths of their businesses.
Through The Vistria Group’s operating partner network, Cyrus Walker, a seasoned insurance executive, and Albert Benchimol, retired CEO of Axis Capital, will join Crestfield Risk’s board.
Jeff Turner, Founder and CEO of Crestfield Risk, stated, “Independent insurance agencies are part of the backbone of their communities, providing trusted risk management services.”
He added, “In partnership with The Vistria Group, we are launching Crestfield Risk to help independent insurance agencies fuel their continued success and amplify their impact by fostering a collegial environment rooted in principled service and shared aspirations.”
Prior to founding Crestfield Risk, Turner served as CEO of Keystone Agency Partners. Before that, he was the President and Chief Operating Officer at Keystone Agency Investors and also held various leadership roles at Willis Towers Watson for over seven years.
Mike Castleforte, Senior Partner and Co-Head of Financial Services at The Vistria Group, said, “Crestfield Risk stands out because of its deep focus on enabling long-term agency prosperity.”
Castleforte continued, “We are excited to partner with Jeff and support Crestfield Risk’s trailblazing platform that strengthens agencies’ abilities to deliver for their clients and communities.”
Boris Rapoport, Senior Partner and Co-Head of Financial Services at The Vistria Group, commented, “We are thrilled to partner with Crestfield Risk and deliver best-in-class resources to agency leaders.”
“At The Vistria Group, we pride ourselves on having deep industry knowledge in the sectors where we invest. Jeff’s extensive experience and strong reputation in the industry make him an ideal partner for us and for leading independent insurance agencies,” Rapoport concluded.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.