Keystone Agency Investors Positions for Future

David E. Boedker Sr to Assume New Role of Executive Vice Chairman and Jeff Turner Promoted to Chief Executive Officer

HARRISBURG, Pa.--()--Keystone Agency Investors (“KAI”), an innovative and fast-growing independent insurance distribution platform, is expanding its strategic and operational capabilities to position the Company to meet its continued scale. As part of this initiative, the Company announced that David E. Boedker Sr will assume the new role of Executive Vice Chair of KAI’s Board of Directors and Jeff Turner will be promoted to Chief Executive Officer of KAI. Both appointments are effective immediately.

Mr. Boedker, whose vision laid the groundwork for the founding of KAI, has served as inaugural CEO and board member of KAI since its launch in 2020. In addition to continuing to serve in his long-time role as CEO of KAI’s strategic partner and key shareholder, Keystone Insurers Group, he is also a board member of Veruna, a data management software company, Vice Chair of Keystone National Insurance Company, and also serves as an advisor to AgencyKPI, a business intelligence platform for insurance networks, independent insurance agencies and insurance companies. Mr. Boedker is also a member of the Board of Directors of Associated Insurance Management, Inc.

Mr. Turner, who joined KAI in September 2020 as Chief Operating Officer, has more than 25 years of experience in retail insurance and global advisory businesses, including most recently at Willis Towers Watson, as North American Growth Leader. Mr. Turner has held positions on both the production and leadership sides of the business and will continue to partner with KAI’s Board in this new capacity, overseeing the strategic direction of KAI by leveraging his expertise, leadership and capabilities. The Company has launched a national search to fill the Chief Operating Officer role.

“The tremendous growth that we have experienced since launching KAI in 2020 would not have been possible without David’s vision and leadership. He has been our partner since launch, and we are excited about the continued contributions that he will make to the business in his ongoing role as Executive Vice Chair,” said Matt Popoli, Chairman of the Board of Directors for KAI and Managing Director, Global Head of Insurance, Bain Capital. “Jeff has proven himself as a leader throughout his career, including his significant contributions since joining KAI, and he has earned his promotion to CEO.”

About Keystone Agency Investors (KAI)

Keystone Agency Investors (KAI) is an innovative and fast-growing independent insurance distribution platform which provides a broad array of valuable insurance products and services to our network of leading insurance intermediaries. KAI was formed in 2020 as a strategic partnership between Keystone Insurers Group and affiliates of Bain Capital, LP. For more information, go to https://kaiagencies.com/.

Contacts

Jennifer MacLaren
Keystone Agency Investors
jmaclaren@kaiagencies.com
(603) 494-1773

Contacts

Jennifer MacLaren
Keystone Agency Investors
jmaclaren@kaiagencies.com
(603) 494-1773