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Michael Frank
President, Aquarius Capital
Michael L. Frank is the founder and president of Aquarius Capital, a health, accident, and life actuary with over 30 years of experience in the insurance industry.12 He graduated from the University of Michigan's actuarial program and has worked for various companies, including Prudential, Physicians Health Services, Transamerica Reinsurance, and Coopers & Lybrand.1
Frank founded Aquarius Capital in 2002, providing consulting services in insurance, reinsurance, and employee benefits.14 The company offers actuarial, underwriting, broker/consulting, and mergers and acquisitions services to a diverse client base, including insurance companies, HMOs, reinsurers, and financial institutions.15
In addition to his role at Aquarius Capital, Frank has served as:
- President of the Actuarial Society of Greater New York (elected in 2011)1
- Adjunct professor at Columbia University for Master's in Actuarial Science1
- Member of various Society of Actuaries section councils, including Actuary of the Future, Entrepreneurial Actuaries, and Reinsurance1
In October 2022, Aquarius Capital was acquired by Risk Strategies, a national specialty insurance brokerage and risk management firm.4 Following the acquisition, Frank continues to operate Aquarius Capital as a division of Risk Strategies.3
Throughout his career, Frank has been actively involved in industry organizations, participating in committees such as the American Academy of Actuaries Reinsurance Subcommittee and the Society of Actuaries LEARN committee.6 He has also presented at numerous conferences and seminars, sharing his expertise on topics such as healthcare trends, reinsurance, and actuarial professionalism.6
Highlights
Announcement: Risk Strategies Acquires Aquarius Capital
BOSTON, Oct. 26, 2022 -- Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Aquarius Capital Solutions Group, an actuarial firm with expertise in health care benefits, employee and retirement benefits. Terms of the deal were not made public. Founded in 2002 and based in Port Chester, New York, Aquarius Capital provides actuarial consulting solutions in finance, insurance, and risk management for a wide range of client types including insurance companies, financial institutions, reinsurers, managed care companies, health care providers, and government entities. “Important financial decisions affecting lives and the bottom line require specialty expertise that can cut through complexity to deliver clarity and innovative solutions,” said John Greenbaum, national employee benefits practice leader. “Aquarius brings deep domain expertise and experience working with a wide variety of clients, which will be invaluable to our firm and our overall business development plans.” Operated by its two principals, Michael Frank and Donald Rusconi, Aquarius Capital’s counts insurance companies, insurance brokers, managing general agents (MGA) and managing general underwriters (MGU), financial institutions, reinsurers, and managed care companies and municipalities among its client base. “We’re extremely excited to be joining Risk Strategies,” said Michael Frank, founder, and president of Aquarius Capital. “We saw our experience and expertise as a great fit with Risk Strategies, their specialty approach to risk management and overall approach to building business success.” Aquarius Capital’s experts bring over 30 years of experience to client engagements, including executive management experience with insurance, reinsurance, employee benefits consulting, and managed care entities. The firm delivers its financial and management consulting to its diverse client base, including organizations servicing the insurance/reinsurance industry in the U.S. and internationally. The acquisition of Aquarius Capital adds to a large and growing portfolio of actuarial services capabilities offered by Risk Strategies. The firm’s specialists help clients understand and assess their true cost of risk through easy-to-understand analysis and provide cost-effective, timely solutions to even the most complex business problems. To learn more about Risk Strategies, please visit www.riskstrategies.com.
If any questions, please contact:
Michael L. Frank Managing Director & Actuary Risk Strategies Consulting, Inc. Office Tel: (914) 933-0063 Email: [email protected]
