RISK PLACEMENT SERVICES

RISK PLACEMENT SERVICES

RISK PLACEMENT SERVICES
Headquarters: Itasca, IL
Number of offices: 70+
Number of employees: 1,300+
Leadership: Joel Cavaness, president

Risk Placement Services [RPS] opened for business in May 1997 with four employees based in Chicago and Atlanta. Since then, it has completed dozens of acquisitions across the US, acquiring top talent in all aspects of insurance. Thanks to the company’s robust yearly internship program, which hires approximately 300 interns each summer, RPS is continuously channeling some of the industry’s best talent into the company. “We spend a lot of time recruiting young talent, but we also spend time training them over the first three years because our home-grown [employees] are the ones who really lead our company,” says Ryan Collier, RPS’ chief digital officer.

Placing more than $3.2 billion in annual premium, RPS focuses on smart and strategic growth by focusing on the needs of their retail partners. “We are always looking at new programs to stay creative and solve our clients’ problems,” Collier says. “That is how we are differentiating ourselves – by not doing just typical standard lines, but really finding expertise in a niche and diving into that.”

This strategy has made RPS one of the largest wholesale brokers in the country – and it’s clear that the company is here to stay. “We have a ton of great products and expertise in the E&S marketplace,” Collier says. “As long as there is going to be a changing, dynamic need for products, you will see RPS and the E&S marketplace exist.”

Company Information

  • Risk Placement Services, Inc.
  • Two Pierce Place 25th Floor Itasca, IL 60143

Contact Information