Chris McKechnie Named Chief Financial Officer; Tim Hall Named EVP and
Head of M&A; Jeff Greenberg of Aquiline Capital Partners Joins Relation
Board
Relation Also Announces Completion of Acquisition by Aquiline
WALNUT CREEK, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/MandA?src=hash” target=”_blank”gt;#MandAlt;/agt;–Relation
Insurance Services (“Relation”), an insurance brokerage that offers
risk-management, benefits, and TPA-consulting services through its
family of brands across the United States, today announced the addition
of three respected insurance industry leaders to its team. Chris
McKechnie has been named to the role of Chief Financial Officer, Tim
Hall was named Executive Vice President and Head of M&A, and Jeff
Greenberg, Chairman and Chief Executive Officer of Aquiline Capital
Partners, will join the board.
The company also announced the completion of the acquisition by Aquiline
Capital Partners (“Aquiline”). In February, Aquiline announced it had
entered into a definitive agreement to acquire Relation. The transaction
closed on April 15, 2019.
Chris McKechnie brings more than two decades of investment and
operating experience in the insurance industry to his new role as CFO
with Relation. Most recently, he served as operating partner and advisor
to several financial services-focused investors, including, among
others, Aquiline. Chris previously worked with The Swiss Re Group for
more than 17 years, initially as part of the formation of Securitas
Capital, LLC, a private equity fund focused on investments in the
insurance industry. During his tenure, he held several key investment
and operating positions, including leading Swiss Re’s Group Strategy, as
well as its global M&A/Corporate Development and the Principal
Investments Group. He also served as a member of Swiss Re’s Operations
Committee and was a member of the Asset Management and Investment
Committees. Chris began his career as an investment banker with Smith
Barney focusing on M&A and financing opportunities.
Tim Hall joins Relation as Executive Vice President and Head of
M&A, a new position within Relation created to propel the company’s
expansion strategy through accretive acquisitions. As a member of the
executive team, Tim is responsible for Relation’s M&A initiatives
nationally across the organization. An accomplished investment banker in
the insurance sector, Tim comes to Relation having most recently served
as Partner and Managing Director at Waller Helms Advisors, where he
advised insurance carrier, insurance distribution, and insurance
services clients on mergers, acquisitions, and capital raises.
Previously, Tim was a Vice President in Macquarie Capital’s Financial
Institutions Group, focusing on executing M&A and financing transactions
for clients across the insurance sector. Tim began his investment
banking career at Cochran Caronia Waller, focusing principally on M&A in
the insurance sector.
Relation also announced the addition of Jeff Greenberg, Chairman
and Chief Executive Officer of Aquiline Capital Partners, to its board.
Prior to founding Aquiline in 2005, Jeff was the Chairman and Chief
Executive Officer of Marsh & McLennan Companies, Inc (“MMC”).
Previously, he was Chief Executive Officer of MMC Capital, Marsh &
McLennan’s private equity business, and served in numerous executive
positions at American International Group (AIG).
“With the backing of Aquiline and the addition of three of the insurance
industry’s most respected leaders, who bring decades of expertise in
successfully growing insurance businesses both organically and
inorganically, Relation is poised for significant growth,” said Joe
Tatum, Chief Executive Officer of Relation. “As we look to the future
and the exciting new chapter, our goal is to build a 100-year-old
company by having the best resources, talent, and innovative tools and
strategies in our industry.”
Since its founding in 2007, Relation has built its strengths in
specialized industries, including agribusiness, education, employee
benefits, public entity, transportation, and non-profit. The Company is
committed to helping mid-market businesses navigate their myriad
insurance needs by building relationships and leveraging the right mix
of people, partnerships, processes, and technologies.
About Relation Insurance Services
Relation Insurance Services is an insurance brokerage that offers
superior risk-management and benefits-consulting services through its
family of brands across the United States. It is ranked by Insurance
Journal within the top 40 largest agencies in the country by revenue and
has nearly 500 employees in more than 30 locations nationwide. Relation
is a privately held corporation, alongside its private equity partner,
Aquiline Capital Partners. Visit www.relationinsurance.com
for more information.
About Aquiline Capital Partners
Aquiline Capital Partners, founded in 2005 and based in New York and
London, is a private equity firm investing in businesses across the
financial services sector in banking and credit, insurance, investment
management, and financial technology and services. For more information
about Aquiline, its investment professionals, and its portfolio
companies, please visit: www.aquiline.com.
Contacts
Relation Insurance Services:
Porro Communications
Emily
F. Porro
347-346-3663
[email protected]
Aquiline Capital Partners:
Brunswick Group
Alex Yankus
/ Harry Mayfield
212-333-3810
[email protected]
