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Risk Cooperative Continues to Make Insurance Industry Inroads with Award-Winning Staff

Risk Cooperative Grows Employee Benefits Practice with Industry Recognized Team

Washington, D.C. – Risk Cooperative, a certified minority business enterprise specializing in  insurance brokerage and risk advisory services, announces a prestigious industry award and Employee Benefits staffing transitions amidst continued business growth. Derrick Wong, who joined Risk Cooperative in 2019 as an Account Executive and transitioned to leading the firm’s Employee Benefits Practice in 2022, has been named a 2023 Power Broker by Risk & Insurance, affiliated with The Institutes.

This is the 19th year that Risk & Insurance has celebrated individual brokers for exceptional client work, and the Employee Benefits category boasts a particularly crowded field of industry talent. “Derrick could not be more deserving of this industry recognition,” says Andres Franzetti, Risk Cooperative’s Co-Founder and CEO. “He has demonstrated excellence in every facet of his role here, driving 100% client retention with top-notch customer service, while also leading our Employee Benefits business development strategy to great success.”

“While we broker Employee Benefits for firms across multiple industry verticals, we’ve really seen traction with government contractors, technology focused professional services firms, and nonprofit organizations. Familiarity with their specific challenges makes us the best broker to serve these clients,” Mr. Wong says. “That’s why we’re seeing such high growth, client retention and referral numbers.” Concurrent with Mr. Wong’s recognition, Beverly Simms has emerged as an exceptionally talented Account Executive in the Employee Benefits Practice. Ms. Simms joined the firm in 2021 as an Account Manager and quickly demonstrated her talent for exceeding client service expectations. To meet the sustained growth and service needs of our customers, Risk Cooperative is also pleased to announce the hiring of Amanda Flowers, as our newest Account Manager in the Employee Benefits Practice.

Economic uncertainty scuttled many firms’ business development plans over the last 2-3 years, leading high-profile brokerages to be pessimistic about 2023. While circumstances forced the insurance industry at large to adapt to shifting realities, Risk Cooperative was able to simply capitalize on their knack for innovation, which has been central to the firm since its founding in 2014 by a team of seasoned risk and insurance executives. Now in its 9th year of business and licensed in all 50 states, D.C. and Puerto, Risk Cooperative is globally recognized in the fields of enterprise risk management, emerging risks, global insurance solutions, and operational resiliency.

“Our MBE certification, and staff expansion have positioned our firm for continued success in 2023,” says Mr. Franzetti. “Derrick’s Power Broker Award confirms the industry’s recognition that Risk Cooperative is doing outstanding work in servicing our clients and the firm continues to make strides as a powerhouse firm in the marketplace.”


About Risk Cooperative

Risk Cooperative is an independent and certified minority-owned insurance brokerage and risk advisory firm.  Licensed in all 50 states, D.C. and Puerto Rico, Risk Cooperative helps organizations address risk, readiness and resilience across all classes of risk – including comprehensive employee benefits, life and health, property and casualty, cyber and other specialty lines. Appointed with all major carriers and the Lloyd’s of London market, we place domestic and international insurance solutions to help meet clients’ needs.

About Risk & Insurance, Affiliated with The Institutes

Risk & Insurance® covers the people, stories and risks that embody the essential functions of risk management and commercial insurance. Power Broker designations are based on nominations provided by brokers and judged based on references given by risk managers. Judging is based on a nominee’s creativity in problem solving, industry knowledge and client service. To review the complete list of 2023 Power Brokers, visit Risk & Insurance. | 202-688-3560

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