DeWitt Stern Group
DeWitt Stern Group is a New York-based insurance brokerage and risk management firm founded in 1899, now operating as a subsidiary of Risk Strategies following acquisition. It served clients in the U.S. insurance placement and risk advisory market.
- Company typePrivate
- Founded1899
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What DeWitt Stern Group does
DeWitt Stern Group was a U.S.-based insurance brokerage and risk management firm founded in 1899 and headquartered in New York. The firm operated in the intermediate-risk advisory segment, providing insurance placement and risk management services to clients, with a staff of 101-250 employees. Its business model followed the conventional brokerage economics of commission on placed premiums and advisory fees, though specific pricing structures, product lines, and customer segments are not detailed in available data.
The firm has been acquired by Risk Strategies, a strategic operating company in the risk management and insurance sector, and now operates as a subsidiary within that organization. The DeWitt Stern Group website has been redirected to Risk Strategies, indicating full integration rather than a brand-preserving affiliation. Leadership at the time of acquisition included David S. Flecker as founder/owner, Jolyon F. Stern as Chairman and CEO, and Edmund J. White as Managing Director.
As an acquired entity, DeWitt Stern Group no longer functions as an independent operating business. Its future strategic direction, product investments, and growth initiatives are determined at the parent level. The source material does not disclose specific products, technology platforms, customer concentration, revenue figures, or financial terms of the acquisition, limiting the granularity of any independent assessment.
DeWitt Stern Group firmographics
Firmographics- Name
- DeWitt Stern Group
- Legal name
- DeWitt Stern Group
- Website
- https://dewittstern.com
- Company type
- Private
- Founded year
- 1899
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- DeWitt Stern Group is a New York-based insurance brokerage and risk management firm founded in 1899, now operating as a subsidiary of Risk Strategies following acquisition. It served clients in the U.S. insurance placement and risk advisory market.
- Ownership category
- akta.pro rank
Where DeWitt Stern Group is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
DeWitt Stern Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
DeWitt Stern Group product offering
Product offeringCore offering
DeWitt Stern Group is an insurance brokerage and risk management firm that places commercial insurance coverage and advises business clients on risk exposure. The company served as a broker/agent for insurance carriers and as a risk advisor, and it is now part of Risk Strategies following an acquisition.
Product overview
DeWitt Stern Group was an insurance risk management firm that has since been acquired by Risk Strategies. The source provides no specific product names, modules, or service offerings to enumerate.
Differentiator
Problem solved
Functional benefit
Products and services
- Insurance Brokerage and Risk Management Services Placement of commercial insurance coverage and risk management advisory for business clients, acting as a broker/agent with access to multiple insurance carriers. The offering is for organizations seeking commercial insurance and tailored risk advice.
Companies that use DeWitt Stern Group
Customer profileIdeal customer profiles1 record
DeWitt Stern Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DeWitt Stern Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Risk StrategiescoreDeWitt Stern Group has been acquired by/is now part of Risk Strategies, a risk management and insurance firm. The company website redirects to Risk Strategies' website.
Recent moves2 records
Expansion highlights2 records
DeWitt Stern Group competitors and assessment
Company assessmentBroad incumbents
- Risk Strategies: Risk Strategies is the direct parent of DeWitt Stern Group following the acquisition. It is a large, fast-growing U.S. specialty insurance brokerage roll-up that consolidates mid-market brokerages, making it the most directly comparable operating platform to DeWitt Stern's business model.
- Arthur J. Gallagher & Co. Gallagher is a global insurance brokerage and risk management firm that serves mid-market and commercial clients through both organic growth and acquisitions. It is comparable to DeWitt Stern as a scaled P&C/specialty brokerage competing for the same client segment and producer talent.
- Brown & Brown, Inc. Brown & Brown is a U.S. insurance brokerage built largely through acquisitions of regional and specialty brokerages. Its decentralized, producer-led operating model is highly comparable to how DeWitt Stern and similar mid-market brokerages function within larger platforms.
- Lockton Companies: Lockton is one of the largest independent insurance brokerages in the world, with strong mid-market and specialty practices. It is comparable to DeWitt Stern in terms of client mix (commercial, high-net-worth, specialty) and broker-led distribution model.
- Acrisure: Acrisure is a global insurance brokerage and fintech platform that has rapidly consolidated brokerages of all sizes. Its partnership-driven, decentralized acquisition model is directly comparable to the playbook that Risk Strategies has executed with DeWitt Stern.
- Marsh McLennan: Marsh McLennan, parent of Marsh, is the world's largest insurance brokerage and risk advisory firm. It is comparable as the dominant incumbent competing for the same mid-market and specialty clients that DeWitt Stern serves.
- Aon plc: Aon is a global professional services firm with a major insurance brokerage and reinsurance practice. It represents the largest end of the incumbent brokerage landscape against which DeWitt Stern and its Risk Strategies parent compete for mid-market accounts.
- Willis Towers Watson: WTW is a global advisory, brokerage, and solutions company with significant insurance brokerage operations. It competes with DeWitt Stern for mid-market and large commercial P&C clients and serves as a benchmark for end-state scale in the brokerage industry.
Direct peers
- Hub International: Hub International is a large North American insurance brokerage that acquires and integrates mid-market regional brokerages, including property/casualty and specialty lines. DeWitt Stern sits in the same acquired-mid-market-brokerage category and shares Hub's roll-up, specialty-focused operating model.
- Alliant Insurance Services: Alliant is a U.S. specialty insurance brokerage and risk consulting firm that grew primarily through acquisition of mid-market brokerages. It competes head-to-head with DeWitt Stern and Risk Strategies for specialty talent and middle-market clients.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
DeWitt Stern Group social profiles
Digital presenceDeWitt Stern Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
DeWitt Stern Group leadership team
Management profileNumber of profiles
Profiles3 records
DeWitt Stern Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DeWitt Stern Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DeWitt Stern Group
What does DeWitt Stern Group do?
DeWitt Stern Group is an insurance brokerage and risk management firm that places commercial insurance coverage and advises business clients on risk exposure. The company served as a broker/agent for insurance carriers and as a risk advisor, and it is now part of Risk Strategies following an acquisition.
Is DeWitt Stern Group a public or private company?
DeWitt Stern Group is a private company. It is classified as corporate owned and is currently acquired.
When was DeWitt Stern Group founded?
DeWitt Stern Group was founded in 1899. It employs 101 to 250 people.
Where is DeWitt Stern Group based?
DeWitt Stern Group is headquartered in New York, United States, in the North America region.
Who are DeWitt Stern Group's main competitors?
Broad incumbents on record are Risk Strategies, Arthur J. Gallagher & Co., Brown & Brown, Inc., Lockton Companies, Acrisure, Marsh McLennan, Aon plc and Willis Towers Watson. Direct peers are Hub International and Alliant Insurance Services.
Does DeWitt Stern Group have an API?
No public API is recorded for DeWitt Stern Group.