Founded by industry leader Jeff
Turner, Crestfield Risk aims to bring together leading
independent agencies
DALLAS, May 21, 2024
/PRNewswire/ -- Crestfield Risk, a partnership platform that unites
and supports leading independent insurance agencies across the
U.S., launched today. Founded by industry leader Jeff Turner, the platform will equip agencies
with world-class resources, insights, and unprecedented growth
opportunities to best serve their clients and prosper for
generations to come. The platform is backed by The Vistria Group,
LP, a next-generation private investment firm that operates at the
intersection of purpose and profit.
"Independent insurance agencies are part of the backbone of
their communities, providing trusted risk management services,"
said Jeff Turner, Founder and CEO of
Crestfield Risk. "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."
With a co-ownership model that aligns agency partners through
equity ownership at both the agency and holding company level,
Crestfield Risk collaborates closely with agency leaders so that
they can preserve their businesses' unique strengths. At the same
time, Crestfield Risk ensures that agencies get the resources they
need to deliver unmatched service and meaningful impact on a larger
scale than ever before.
"Crestfield Risk stands out because of its deep focus on
enabling long-term agency prosperity," said Mike Castleforte, Senior Partner and Co-Head of
Financial Services at The Vistria Group. "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."
Prior to founding Crestfield Risk, Turner served as CEO of
Keystone Agency Partners, where he helped build an industry leading
platform. Before that, Turner held several leadership roles at
Willis Towers Watson. He started his career as an independent
insurance agent based in Texas.
"We are thrilled to partner with Crestfield Risk and deliver
best-in-class resources to agency leaders," said Boris Rapoport, Senior Partner and Co-Head of
Financial Services at The Vistria Group. "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."
In addition to partnering with Turner, The Vistria Group plans
to leverage its unique operating partner network to help build
Crestfield Risk into an industry leader, including the addition of
board members Cyrus Walker, a
long-term insurance executive, and Albert
Benchimol, retired CEO of Axis Capital.
BMO Capital Markets acted as exclusive financial advisor to
Crestfield Risk on the partnership with The Vistria Group.
To learn more about Crestfield Risk's approach to purposeful
collaboration, visit www.crestfield.com.
About Crestfield Risk
Crestfield Risk is a
united partnership platform that supports and strengthens leading
independent insurance agencies across the U.S. We
equip agencies with world-class resources, insights, and growth
opportunities to best serve their clients and prosper for
generations to come. For more information, please visit
www.crestfield.com.
About The Vistria Group
The Vistria Group is building
a new kind of private investment firm that seeks to deliver both
financial returns and societal impact. It invests in essential
industries like healthcare, knowledge and learning solutions,
financial services and housing that deliver value for investors as
well as communities, employees, and consumers. With over
$12 billion in
AUM (including co-investment and co-investment vehicles),
The Vistria Group looks deeper by working as a true partner,
drawing on its deep sector knowledge, operational expertise, unique
network, diverse team, and impact orientation to achieve
transformational growth. For more information, please visit
www.vistria.com.
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SOURCE Crestfield Risk