HARRISBURG, Pa.--(BUSINESS WIRE)--Keystone Agency Partners, a fast-growing independent insurance agency partnership platform, today announced the appointment of insurance industry veteran Robert A. Rusbuldt as the Company’s first independent board member. Mr. Rusbuldt currently serves as President and CEO of the Independent Insurance Agents & Brokers of America, Inc. (IIABA or the Big “I”).
With 35 years of insurance industry experience, he brings extensive expertise and knowledge of independent agents & brokers and the insurance industry to Keystone Agency Partner’s Board of Directors.
“Bob’s addition to the board is a significant milestone for Keystone Agency Partners. He is a trailblazer in the independent insurance agency industry and we are excited to have join our Board,” said Matt Popoli, Chairman of Keystone Agency Partners’ Board of Directors and Managing Director, Global Head of Insurance, Bain Capital. “We look forward to benefiting from his experience, perspective and insight as we continue to position and operate Keystone Agency Partners as the most ideal partner for growing independent agencies.”
The Independent Insurance Agents & Brokers of America (the Big “I”), founded in 1896, is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice® brand.
The addition of Mr. Rusbuldt to the Board of Directors affirms the company’s commitment to and preservation of the nation’s independent agency network. Since launching in April 2020, Keystone Agency Partners has acquired 9 independent insurance agencies. Keystone Agency Partners approaches its partnerships through the lens of “connected autonomy.” This concept is indicative of how partner agencies can maintain a portion of retained ownership and drive their own brand and business objectives, but with the added strategic support, capital investment and consultative resources provided by Keystone Agency Partners.
About Keystone Agency Partners
Keystone Agency Partners is a fast-growing independent insurance agency partnership platform which provides strategic, technology, financial and operational support to reignite an entrepreneurial spirit and support profitable growth within their platform agencies. Keystone Agency Partners was founded in 2020 in partnership with Keystone Insurers Group, Inc. and affiliates of Bain Capital, LP. For more information please visit: www.keystoneagencypartners.com.
About Keystone Insurers Group (Keystone)
Keystone started in 1983 when four independent insurance agencies teamed up to pool their experience and expertise. This small group believed that agencies could be stronger and more successful if they linked arms – a passion and spirit that continues. Growing to almost 300 independent agency partners in 17 states, Keystone provides its agents with a community of like-minded agencies, industry expertise and access to specialized products for their clients. Keystone is ranked number four on Insurance Journal's 2020 list of Top 20 Property/Casualty Agency Partnerships. For more information, go to www.keystoneinsgrp.com.
About Bain Capital, LP
Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of focus. The firm has offices on four continents, more than 1,200 employees and approximately $150 billion in assets under management. To learn more, visit www.baincapital.com.