Our Story
In 2012
Risk Theory
Is formed with the idea of starting a collection of brands that are independently focused on specialty areas of insurance services. Our vision is to identify, recruit, and ultimately hire the best talent in niche classes and provide the support, autonomy, and accountability to build a unique brand within the insurance marketplace. Together these independent brands form a platform that share central services that are committed to technology and analytics. Teams challenge each other to break apart the business to identify opportunities and rebuild the product, distribution process, and claims handling to create a unique solution to difficult problems in the marketplace.
2013
Risk Point is formed, partnering with Gary Marshall to lead a Dealers Open Lot MGU
2015
RISK POINT GARAGE IS FORMED TO UNDERWRITE GARAGE PACKAGE FOR AUTO DEALERSHIPS
2015
Risk Theory Insurance Services is formed to provide a specialty underwriting platform
2016
APPLIED CLAIMS GROUP IS A THIRD PARTY ADMINISTRATOR FORMED TO PROVIDE SPECIALTY CLAIMS SERVICES
2017
APPLIED APPRAISAL SOLUTIONS IS FORMED TO PROVIDE APPRAISAL SERVICES FOR PROPERTY DAMAGE
2019
REDSTONE UNDERWRITERS IS FORMED TO UNDERWRITE GENERAL LIABILITY FOR ARTISAN CONTRACTORS
2020
STRIKER INSURANCE SERVICES IS FORMED TO UNDERWRITE MONO-LINE COMMERCIAL AUTO
2021
JUPITER RISK SERVICE IS CREATED TO PROVIDE INSURANCE SOLUTIONS FOR THE HABITATIONAL MULTI-FAMILY COMMERCIAL MARKET.
Risk Theory Today
Risk Theory
Risk Theory companies currently employ over 250 individuals within 8 offices and have remote team members in over 30 states. In 2022, our collective brands will transact over $1B in premium. We continue to focus on identifying unique opportunities in the marketplace, partner with talented and like-minded insurance professionals, and build brands to a market leading position.
Chairman & CEO
BRYAN WILBURN
Bryan began his professional career as a transactional wholesale broker in the early 1990’s. He founded Southwest Risk in 2004, as a transactional wholesale brokerage and program manager, which he grew into one of the largest commercial property insurance program managers in the United States. After selling the business in 2008, he remained as CEO until 2011. He started Risk Theory in 2012. As founder, CEO, and chairman, Bryan provides strategic direction to the operations and growth of the businesses. Bryan is a graduate of the University of Texas at Austin.
CFO
Jarred Brown
Jarred joined Risk Theory in 2013. He has a unique blend of financial and operational experience with over 18 years of experience within financial service industries. His background includes serving in a variety of investment and operational roles for a leading middle market private equity firm, working within companies and on transactions in healthcare service and financial service industries. Jarred leads the centralized support teams of Risk Theory including the accounting and the analytics teams. Jarred is a graduate of Birmingham-Southern College in Birmingham, Alabama.
General counsel and cco
Richard Schwartz
Richard joined Risk Theory in 2015 as General Counsel. He has represented or worked within the insurance industry for 28 years. He was an insurance trial attorney for Wilson, Elser and then was in-house counsel for Alexander & Alexander. Richard later joined U.S. Risk Insurance Group as the President of Professional Claims Managers, its specialty Professional Liability TPA, where he served for 10 years. Richard subsequently expanded into dual roles with U.S. Risk Insurance Group remaining as President of Professional Claims Managers, and also serving as U.S. Risk’s General Counsel and Chief Compliance Officer for 18 years before joining Risk Theory. Richard leads the compliance and legal support for all brands at Risk Theory. Richard earned his bachelor’s degree from the University of Maryland College Park and his Juris Doctor degree from the University of Baltimore Law School.
Executive Director & CPCU
Gary Marshall
Joined Risk Theory in 2013 to start Risk Point DOL. He has a broad insurance background which includes 6 years in Claims at Progressive and Zurich (Universal Underwriters), and 25+ years in underwriting at Zurich and GMACI (Ally). He has been responsible for all aspects of insurance operations, and has specialized in auto dealer and garage insurance programs since 1988. Gary leads the development of new program opportunities and performs an active oversight role for the Risk Theory businesses. Gary is a graduate of Union College in Lincoln, Nebraska.
Executive Vice President
Ed Sustala
Ed joined Risk Theory in 2016, formerly leading Applied Claims Group. Ed has 24 years of insurance, management, operations, and insurance finance experience. He has held multiple executive level positions during his insurance career. Ed started his journey with Progressive Insurance in the mid 1990’s where he managed personal and commercial auto product lines. Ed earned his bachelor’s degree from Sam Houston State University in Huntsville, Texas.