Twenty-one years after founding Renaissance Alliance Insurance Services, Bruce and Janet Cochrane will be retiring from their full-time roles within the company; effective January 1, 2021.
Of the announcement, Executive Chairman Kevin Callahan said, “I’m delighted to take the helm of this great company and to build on the outstanding foundation Bruce and Janet created. We will continue our geographic expansion while enhancing the value that Renaissance provides to our members and carrier partners. Today, Renaissance is approaching $1 billion in premium. This progress is evidence that the value proposition is resonating in the market, and we are looking forward to continued growth for years to come.”
In the late 1990s, Bruce and Janet Cochrane set out to create a company with the clear goal of empowering independent agents to be the dominant force in the insurance industry long into the future; committed to the best interests of the insuring public. Renaissance Alliance was a pioneer in the insurance aggregator space and has always delivered more capabilities and more value than typical agency networks.
“We’re so proud of what we’ve built at Renaissance and are thrilled to be passing the torch during this exciting period of rapid regional expansion and significant premium growth.”, Bruce said.
It’s been two and a half years since Long Arc Capital invested in Renaissance. In that time, the company has entered new markets, enhanced the services it provides to its members, and built an innovative integrated technology platform. All of these capabilities work together to create meaningful growth for its independent agency members.
Kevin R. Callahan, Executive Chairman, and Robert A. Bondi, President, will lead the Executive Committee. Bruce Cochrane will remain a member of the Renaissance Alliance Board of Directors and serve as Special Advisor to Kevin Callahan.
More About Renaissance Alliance: Founded in 1999, Renaissance Alliance is a membership alliance for fully independent property casualty agency owners to grow premium, maximize revenue and increase agency value through increased profit sharing, guaranteed override revenue and offloading non-revenue generating activities. The net effect is higher revenue, decreased expenses, less operational risk, and accelerated agency growth.