Alera Group Completes Integration of Risk Consulting Partners: A Strategic Move to Enhance Services

The Alera Group has successfully completed the integration of Risk Consulting Partners (RCP), rebranding the entity to operate fully under the Alera Group name. This transition, which initiated with Alera's acquisition of RCP in 2021, signifies a strategic effort to consolidate the company's diverse services and elevate its support for private equity clients. The completion of this integration underscores Alera Group's commitment to broadening its offerings in the realms of property and casualty, employee benefits, financial services, and specialized practice areas.

With the integration now finalized, former RCP clients will receive all communications under the Alera Group umbrella, yet they will continue to work with their familiar service teams. This continuity ensures that clients do not experience disruption, while also gaining access to an expanded network of resources and expertise from Alera Group. In 2023, the organization bolstered its leadership by appointing Sara Carroll and Ken Rhoads as leads of the private equity diligence team. Their responsibilities include refining processes and enhancing client solutions using the newly integrated capabilities.

The completed rebrand aligns various teams, enriching client access to Alera Group’s extensive resources and experts. Nick Koenemann, Alera Group's managing partner, emphasized the unique challenges faced by private equity firms, highlighting that these companies often encounter complex risks across their portfolio. Addressing such intricate issues necessitates a synchronized approach involving specialists across various sectors, such as directors’ and officers’ liability and comprehensive coverage assessments.

Founded in 2017, Alera Group is headquartered in Deerfield, Illinois, and stands as a prominent national player in the insurance and financial services landscape. By 2024, the company had expanded its workforce to over 4,400 employees nationwide, boasting gross revenues of approximately $1.4 billion. This growth is complemented by recent expansions in wealth management and retirement planning solutions, spearheaded by Rob Lieblein, the firm's chief development officer and one of its founding partners. Lieblein's leadership is pivotal in directing the strategic initiatives of Alera's financial services division, ensuring continuous adaptation and enhancement of service offerings. The recent integration and subsequent expansions solidify Alera Group's position as a leader in delivering comprehensive solutions tailored to meet the evolving needs of its diverse client base.