Specialty Markets Plus (SMP), an Affiliate of SMP Consulting Group Announces the Addition of David Rowe to Lead the Cyber Risk Platform

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SMP’s new bundled Cyber Risk platform will include analytics and assessment together with insurance products and other risk transfer capabilities.

Specialty Markets Plus (SMP), an affiliate of SMP Consulting Group, the country’s premier premium audit consulting firm, today announced that it has appointed David Rowe to lead our business development expanding our presence in the Cyber Risk discipline. SMP’s new bundled Cyber Risk platform will include analytics and assessment together with insurance products and other risk transfer capabilities.

“We are delighted with the addition of David Rowe to our team. He is a highly experienced insurance professional with a keen perspective on the innovation and evolution occurring in the Cyber Risk space," said Edward J. Kelly, Jr., President/CEO of SMP. At Specialty Markets Plus, David will support the business development of our platform and work closely and efficiently to link our products and services to the needs of our appointed agents and their clients. Rowe will coordinate our various products and services providing protection and analysis as to where middle-market business clients might be vulnerable to cyber hacking,” continued Mr. Kelly. “He will report to Ed Ragan, EVP of SMP.”

Mr. Rowe has extensive experience in the Property and Casualty insurance marketplace. In addition, Dave has a Masters in Internet Business Systems and Technology with a unique blend of expertise and background to help lead the development of a quickly developing Cyber Insurance market.

Mr. Rowe is married and has 2 children. He resides on Long Island, NY. He will be headquartered at SMP's New York offices.

"At SMP, I hope to achieve two goals," said Mr. Rowe. "First, I look forward to being an independent and objective advisor, able to support our brokers to deliver their clients truly holistic solutions."

My second goal is to develop a range of new, more efficient assessment and risk-transfer solutions delivered to our appointed agents throughout the United States. “We will provide a suite of products including Cyber Risk Assessments and Insurance to best protect the financial security of middle market companies,” said David Rowe. “All businesses need assess their risk and have a comprehensive insurance policy to cover the breach costs and liability from a cyber-attack.”

“We believe our bundled services offered to our appointed agents will be unique,” said Ed Ragan, Executive Vice President of SMP. “In addition to offering placement of Cyber Risk Insurance with premier carrier specialists, we believe that offering multiple products and services from the same platform benefits buyers and sellers alike and is in keeping with our holistic philosophy of managing risk in its most efficient form. We expect this approach will also foster enhanced dialogue and relationships with our brokers throughout the United States. Offering access and having a dedicated daily presence in Cyber Risk Insurance, and cutting-edge Cyber assessment and analytics with pricing intelligence provided to our partners,” added Mr. Ragan.

SMP Consulting Group specializes in auditing Workers' Compensation policies and recovering overpayments made by its clients. SMP's Workers' Compensation Audit Service has saved businesses, municipalities and non-profit organizations millions of dollars in insurance costs. For more info on SMP Consulting Group, please visit SMPConsultingGroup.com

Specialty Markets Plus (SMP) is an affiliated wholesale insurance broker and risk advisor founded in 2008 by Ed Kelly. Ed Ragan, former executive of Praetorian Financial Group leads the Wholesale practice specializing in offering insurance solutions for its national network of insurance agencies known as the “Working Partners.” SMP provides clients services and specialty markets products. For more info on Specialty Markets Plus, please visit SpecialtyMarketsPlus.com

Media Contact:
Edward M. Kelly
[email protected]
Causality Productions

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Brian Kelly
Specialty Markets Plus
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