Keystone Agency Partners Appoints Insurance Industry Veteran Anne Melissa Dowling As Independent Board Member

Dowling brings more than 30 years of private and public sector insurance leadership experience to the Board

HARRISBURG, Pa.–(BUSINESS WIRE)–#CorporateGovernance—Keystone Agency Partners (“KAP”) a fast-growing independent insurance agency partnership platform, today announced the appointment of seasoned insurance industry leader Anne Melissa Dowling to the Company’s Board of Directors. She is the second independent director appointed to KAP’s Board, joining Robert A. Rusbuldt.

Ms. Dowling’s appointment brings more than 30 years of insurance industry experience to the Board of Directors. Previously, she served as the Director of the Illinois Department of Insurance, following her post as Deputy Commissioner and Acting Commissioner of the Connecticut Department of Insurance. In addition to her public sector experience, Ms. Dowling enjoyed a successful career in domestic and international insurance investment and operating divisions, holding executive roles with Massachusetts Mutual (MMG), Aetna, and Travelers. At MMG, she grew the Institutional Insurance Division from startup to $13 billion in assets under management. Prior to that, she was Chief Investment Officer at Connecticut Mutual.

“Anne Melissa’s extensive leadership in the public and private sectors, along with her corporate governance experience, will be invaluable as we continue to expand our partnerships in the insurance industry and execute against our growth strategy,” said Matt Popoli, Chairman of Keystone Agency Partners’ Board of Directors and Managing Director, Global Head of Insurance, Bain Capital. “We are excited to welcome Anne Melissa to the Keystone Agency Partners family and look forward to leveraging her insurance industry expertise, across regulatory, social and governance matters.”

“I am honored to join Keystone Agency Partners’ Board of Directors. The Company’s vision, mission, structure and strategy are truly distinct, and I believe they and their partners are poised for great success in the future,” said Dowling. “Jeff Turner and his entire leadership team stand out from others in their experience, intellect and energy. I look forward to supporting their growth efforts, while providing insights into the governance matters the company will expand upon as it grows.”

In addition to her insurance industry leadership roles, Ms. Dowling has significant governance experience. Among her current, related activities is service on the Board of Directors of Axis Capital (AXS) on the Audit, Risk, Nominating-Corporate Governance and Social Responsibility and Finance Committees. She also serves on the Board of Directors of Prosperity Group Holdings, LLC on the Audit, Investment, Governance (Chair) and Compensation Committees and HealthOme. She is an Advisor to Carpe Data, an AI based predictive analytics company for insurers and a Senior Advisor to Bain Capital Insurance. She has also served on several non-profit and educational boards of trustees and currently works as a Guide at The Metropolitan Museum of Art for student groups. Ms. Dowling is a Charted Financial Analyst (CFA) and a graduate of Amherst College (B.A.) and Columbia University School of Business (M.B.A.).

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.

Contacts

Jennifer MacLaren

Keystone Agency Partners

jmaclaren@keystoneagencypartners.com
603-494-1773