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

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HARRISBURG, Pa .– (COMMERCIAL THREAD) –Keystone agency partners (“KAP”), a fast growing independent insurance agency partnership platform, today announced the appointment of Anne Melissa Dowling, Seasoned Insurance Industry Leader, to the Board of Directors of the society. She is the second independent director appointed to the board of directors of KAP, joining Robert A. Rusbuldt.

Ms. Dowling’s appointment brings to the Board more than 30 years of experience in the insurance industry. Previously, she was 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 experience in the public sector, Ms. Dowling has enjoyed a successful career in domestic and international insurance investment and operating divisions, holding senior positions with Massachusetts Mutual (MMG), Aetna and Travelers. At MMG, she grew the Institutional Insurance division from startup to $ 13 billion in assets under management. Previously, she was Director of Investments at Connecticut Mutual.

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

“I am honored to join the board of directors of Keystone Agency Partners. The vision, mission, structure and strategy of the company 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 management team set themselves apart from the rest with their experience, intelligence and energy. I look forward to supporting their growth efforts, while providing insight into the governance issues on which the company will develop as it grows.

In addition to her leadership roles in the insurance industry, Ms. Dowling has extensive governance experience. Among her current and related activities, she sits on the Board of Directors of Axis Capital (AXS) within the Audit, Risk, Nomination-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 nonprofit and educational boards and currently works as a guide at the Metropolitan Museum of Art for student groups. Ms. Dowling is a Chartered Financial Analyst (CFA) and a graduate of Amherst College (BA) and Columbia University School of Business (MBA).

About Keystone agency partners

Keystone Agency Partners is a fast growing independent insurance agency partnership platform that provides strategic, technological, financial and operational support to reignite entrepreneurship and support profitable growth within their platform agencies. Keystone Agency Partners was founded in 2020 in partnership with Keystone Insurers Group, Inc. and subsidiaries of Bain Capital, LP. For more information, please visit: www.keystoneagencypartners.com.

About the Keystone Group of Underwriters (Keystone)

Keystone began in 1983 when four independent insurance agencies joined together to pool their experience and expertise. This small group believed that agencies could be stronger and more successful if they united their arms – a passion and a spirit that endure. With nearly 300 independent partner agencies in 17 states, Keystone offers its agents a community of like-minded agencies, industry expertise and access to specialty products for their clients. Keystone is ranked fourth on Insurance Journal’s 2020 list of the 20 Best Property & Accident Agency Partnerships. For more information, visit www.keystoneinsgrp.com.

About Bain Capital, LP

Bain Capital, LP is one of the world’s leading multi-asset private equity firms creating lasting impact for our investors, our people, our businesses and the communities in which we live. Since our founding in 1984, we have applied our knowledge and experience to grow organically across many asset classes including Private Equity, Credit, Private Equity, Venture Capital, Real Estate. and other strategic areas. The company has offices on four continents, more than 1,200 employees and approximately $ 150 billion in assets under management. To find out more, visit www.baincapital.com.


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