What McKee Risk does

McKee Risk Management, Inc. is a private Property & Casualty insurance program administrator founded around 2000 and headquartered at 630 Freedom Business Center Drive, Suite 410, King of Prussia, Pennsylvania, with a branch office in Cranford, New Jersey. The company develops, underwrites, and administers eight specialty insurance programs — Active Assailant, Construction, Mergers & Acquisitions, Middle Market, Property & Inland Marine, Public Entity, Water & Sewer, and Workers Compensation — for commercial insureds served exclusively through a network of independent agents and brokers. McKee holds broad in-house underwriting authority across multiple A-rated admitted carrier partners, and operates integrated in-house claims, actuarial, and risk-control functions rather than outsourcing core operations. Its Construction program is anchored by an exclusive Insurance Program Manager agreement with the American Road and Transportation Builders Association (ARTBA), and its Property & Inland Marine program offers capacity up to $150 million in Total Insured Value.

The company's revenue model is two-fold: (1) program administration fees earned for underwriting, policy administration, claims coordination, and risk management services, and (2) insurance premium revenue processed across the eight specialty lines. Pricing is quote-based and not publicly disclosed, with annual billing cadence and stated minimums for select public-entity and water-and-sewer coverages (e.g., $2,500 minimum premium for Public Officials E&O). Customer segments are diversified across government (municipalities, water/sewer authorities), construction (general contractors, specialty trade contractors), middle-market commercial accounts (hospitality, retail, healthcare, food & beverage, real estate), and emerging verticals such as private equity-backed M&A transactions. Geographically, McKee serves all 50 U.S. states through its Middle Market program, with specific state-eligibility footprints for Water & Sewer and Public Entity.

In May 2026, McKee Risk Management was acquired by Arthur J. Gallagher & Co. (NYSE: AJG) through its wholesale brokerage and programs division, Risk Placement Services (RPS), with the McKee leadership team — Chairman and CEO Clyde D. McKee III and CFO & Head of Business Development Clyde D. McKee IV — joining RPS's program administration division. The company operates its core technology stack on Insurity's cloud-based policy administration and Billing-as-a-Service platforms, and was named Digital Transformation Champion at Insurity's 2025 Excellence in Insurance Conference.

Name

McKee Risk

Legal name

McKee Risk Management, Inc.

Website

https://mckeerisk.com

Company type

Private

Founded year

2000

Operating status

Acquired

Headcount range

101–250 employees

Short description

McKee Risk Management is a King of Prussia-based Property & Casualty insurance program administrator that underwrites and administers eight specialty programs (construction, public entity, water & sewer, workers compensation, property, middle market, M&A, and active assailant) for commercial insureds through independent agents and multiple A-rated carrier partners.

Ownership category

akta.pro rank

Product category

Specialty Insurance Program Administration

NAICS

Insurance Carriers (5241), Insurance Carriers and Related Activities (524), Insurance Agencies and Brokerages (524210)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Specialty insurance programs
• Program administration services
• Commercial property casualty
• Construction insurance programs
• Public entity coverage

Headquarters

HQ city

King Of Prussia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Program Administration Fees: McKee operates as a Program Administrator earning fees for underwriting, policy administration, claims coordination, and risk management services. The company develops markets and underwrites admitted insurance products through partnerships with highly rated carriers.
2. Insurance Premium Revenue: As a program administrator with broad in-house underwriting authority, McKee earns revenue through insurance premium processing and administration across multiple specialty lines including construction, public entity, property, workers compensation, and other commercial lines.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

McKee Risk Management is a Property & Casualty Insurance Program Administrator that develops markets and underwrites admitted insurance products for commercial insureds through partnerships with highly rated carriers. The company operates eight specialty programs (construction, public entity, property & inland marine, water & sewer, workers compensation, mergers & acquisitions, middle market, and active assailant coverage), distributing exclusively through a network of independent agents and brokers with broad in-house underwriting authority, in-house claims handling, actuarial analysis, and risk control services.

Product overview

McKee Risk Management is a program administrator offering eight specialized insurance programs delivered through established agents and partnered with highly rated insurance carriers. The core offerings include: Active Assailant (violence/active shooter coverage), Construction (contractor insurance with ARTBA partnership), Mergers & Acquisitions (PE-focused M&A insurance), Middle Market (multi-line commercial coverage), Property & Inland Marine (up to $150M TIV capacity), Public Entity (municipal coverage), Water & Sewer (utility insurance), and Workers Compensation. The company provides in-house underwriting, claims, actuarial, and risk control services with broad underwriting authority across multiple carrier partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Active Assailant Active assailant insurance coverage providing crisis response, post-event assistance, and pre-event training for businesses facing potential acts of violence. Coverage includes legal liability, physical damage, business interruption, medical expenses, and brand rehabilitation, serving academic institutions, places of worship, public entities, healthcare, retail, and financial institutions.
• Construction Construction insurance program providing GL, auto, umbrella, property, and OCP coverage for contractors including water & sewer construction, street & road construction, paving, excavation, commercial building, electrical, flat concrete, and mechanical contractors. McKee serves as the exclusive Insurance Program Manager with the American Road and Transportation Builders Association (ARTBA).
• Mergers & Acquisitions Specialized insurance program for businesses involved in M&A transactions, primarily serving private equity firms. Provides coverage for financial institutions, printing/publishing, restaurants, PE firms, investment banks, venture capital firms, and PE portfolio companies.
• Middle Market Multi-line coverage program for diverse middle market businesses written on Guaranteed Cost or Loss Sensitive basis. Covers commercial automobile, workers' compensation, hotels/hospitality, technology, machine shops, energy/environmental, wholesale/distribution, restaurants, apartments, convenience stores, and retail across all 50 states.
• Property & Inland Marine Property and inland marine insurance covering building and personal property, business interruption, electronic data processing, transit, contractors equipment, installation floater, DIC, fine arts, motor truck cargo, and layered property for apartments, commercial real estate, contractors, education, healthcare, hotels, manufacturers, and utilities. Multi-year contracts and capacity up to $150,000,000 Total Insured Value (TIV).
• Public Entity Insurance program for public entities including municipalities, counties, special districts, housing authorities, redevelopment authorities, open landfills, and airports. Covers property, GL, umbrella, automobile, crime, professional liability, police professional, employment practices, and builders risk. Account minimum approximately $25,000 for municipalities.
• Water & Sewer Specialized insurance for water supply and wastewater treatment entities covering property, general liability, equipment breakdown, inland marine, pollution, public officials E&O, umbrella, automobile, crime, builders risk, cyber liability, and D&O. Available in PA, NY, NJ, DE, CT, TX, NC, MA, OR. Minimum premium $2,500 with $1,000 deductible.
• Workers Compensation Workers compensation insurance for accounts written within McKee programs or on a monoline basis. Products include guaranteed cost, large deductible, retrospective rating plans, and dividend plans. Available for building management, construction, fuel oil dealers, group homes, healthcare, hospitality, restaurants, schools, social service, and truckers.

Quantifiable outcome

• Multi-year contracts with capacity up to $150M TIV for large property clients
• +1 more outcomes

Named customers15 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• InsuritycoreTechnology or IntegrationInsurity provides cloud-based software solutions for McKee including Insurity Billing-as-a-Service and core system platforms. McKee was recognized as Digital Transformation Champion at Insurity's Excellence in Insurance Conference in 2025 for leveraging these solutions to drive efficiency and modernization.
• American Road and Transportation Builders Association (ARTBA)coreStrategic or Co-development PartnerMcKee Risk Management holds an exclusive agreement as the Insurance Program Manager with the American Road and Transportation Builders Association (ARTBA). This exclusive partnership provides McKee with a unique market position in the construction insurance segment.
• Insurance Carriers (Multiple A-Rated)coreStrategic or Co-development PartnerMcKee partners with multiple highly-rated, admitted insurance carriers to develop markets and underwrite admitted products. The company has forged strong relationships with specialty insurers and traditional carriers enabling comprehensive insurance solutions.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Risk Placement Services (RPS): RPS is the wholesale brokerage and programs division of Arthur J. Gallagher — the same entity that acquired McKee in May 2026. RPS runs a portfolio of specialty program administrators structurally identical to McKee, distributing admitted and E&S products through agents and brokers across similar construction, public entity, and property lines.
• Amwins: Amwins is one of the largest specialty wholesalers and program administrators in the U.S., operating multiple MGUs and program businesses across property, casualty, construction, and public entity. Its scale and program-administration model most closely mirrors McKee's core business.
• Burns & Wilcox: Burns & Wilcox is a major specialty insurance wholesaler and program manager with admitted and E&S products across property, casualty, construction, and professional lines. It distributes through a large agent network in a manner directly comparable to McKee's program-administration model.
• CRC Insurance Services: CRC Insurance Services is a large national wholesale broker and program administrator offering specialty admitted and E&S products to retail agents. Its program-administration business, multi-carrier relationships, and vertical specialization in construction and property are highly comparable to McKee.
• Brown & Riding: Brown & Riding is a national wholesale insurance brokerage operating specialty practice groups and program-administration capabilities across construction, public entity, real estate, and other niche lines — directly comparable to McKee's program portfolio and agent-distributed model.
• Victor Insurance Managers: Victor Insurance is a global program administrator and MGU operating delegated authority programs across property, casualty, and specialty lines. Its program-administration model — partnering with carriers, underwriting on their behalf, and distributing through agents — is structurally identical to McKee's.
• USG Insurance Services: USG Insurance Services is a national wholesale broker and program manager offering specialty admitted and E&S products across commercial lines. Its program-administration and agent-distribution model parallels McKee's MGU-style operations.

Emerging players

• Heffernan Insurance Brokers: Heffernan is a mid-sized national brokerage with growing specialty and program-administration capabilities across construction, public entity, and middle-market commercial lines. It is comparable to McKee in vertical focus and product mix, though it is smaller in pure program scale.
• Kairos (Acrisure): Kairos is a program administrator and MGU under Acrisure, focused on specialty commercial lines distributed through retail agents. Its vertical-specific program approach and MGU model are closely comparable to McKee's strategy.

Broad incumbents

• Westport Insurance Corporation (Swiss Re): Westport Insurance is a U.S. excess and surplus lines carrier within Swiss Re that provides specialty capacity to program administrators and MGUs. While not a direct competitor, it represents a major capacity provider to the same program-administration ecosystem in which McKee operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/McKeeRisk

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McKee Risk