Non-public fairness agency companions with administration staff to accumulate SIAA

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Jim Masiello will be leaving the organization. Matt Masiello, CEO of SIAA, will continue to lead the alliance along with the rest of the SIAA management team.

“This transaction creates the conditions to take our business to the next level based on our proven model,” said Matt Masiello. “We have achieved great success as the original and largest network of independent insurance agencies in the country. We now have the resources to be more determined in advancing M&A, technology and investing in other growth initiatives.”

“We are excited to work with Matt and his team to invest in and accelerate growth in SIAA and the independent agent channel,” said Jeff Moffett, managing principal, Odyssey. “Building on the decades of success Jim, Matt and the SIAA team have achieved, we share a common vision for the potential of SIAA and its alliance partners.”

SIAA was founded in 1983 by the Satellite Agency Network (SAN) Group and established in 1995. The company will continue to operate on its current model.

Continue reading: SIAA has a record premium in 2020

“There is no wish to interfere with our best practices,” said Matt Masiello. “We exist to help independent agents grow and prosper. The challenge is to find out what we can do better and provide accelerators to expand our core competencies. “

At the end of 2020, SIAA reached a total premium of 9.6 billion US dollars, compared to 8.9 billion US dollars in the previous year. The SIAA signed 527 new member agencies in 2020, the second highest number in the history of the Alliance.

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