AchieveNEXT® and The CFO Alliance Announce Strategic Partnership with Risk Cooperative and Ridge Global
Philadelphia, PA – June 1, 2017 – AchieveNEXT® today announced a strategic partnership with Risk Cooperative and Ridge Global that will introduce risk advisory and risk management services to its growing portfolio of solutions designed to support corporate excellence. AchieveNEXT® is the parent company of the CFO Alliance, a professional community of more than 6,500 Chief Financial Officers from middle-market companies across North America ranging from $10 million to over $1 billion in revenue.
Risk Cooperative is a strategy, insurance, and risk advisory firm, able to design, originate, and place all classes of insurance across the U.S. and around the world. Ridge Global, founded and chaired by Tom Ridge, the first U.S. Secretary of Homeland Security and the 43rd Governor of Pennsylvania, rounds out this unique suite of solutions with advisory, education, and technology services focused on risk, readiness, and resilience. The combined solution set seeks to enhance levels of risk readiness, and provide a broader suite of risk transfer options to middle market and emerging companies conducting business around the globe, leveraging the Alliance’s economies of scale and diversification.
Risk Cooperative and Ridge Global have joined forces with AchieveNEXT® and CFO Alliance to curate a wide range of unique solutions, leveraging the economies of scale of the wider community, while addressing the key concerns of middle-market and emerging company CFOs. Solutions now available to CFO Alliance members will encompass innovative approaches to cyber risk, business continuity, and solutions that help these enterprises control and contain the total cost of risk (TCOR).
“As true leaders, when it comes to global risks and insurance, Risk Cooperative and Ridge Global fill an important void in our value proposition, which recognizes that the CFO is both the first and often the last line of defense when it comes to organizational resilience. This partnership will help us bring imagination and scale to the types of solutions our members struggle to find in the open market. With Risk Cooperative and Ridge Global by our side, we are confident in our ability to add institutional value to our member firms, and to enhance personal readiness among our member CFOs”, said Nick Araco, Chairman and CEO of CFO Alliance parent company, AchieveNEXT®.
As a licensed insurance brokerage across all classes of risk, Risk Cooperative is strategically positioned to challenge conventional risk-transfer strategies as a value-adding partner to the network.
“We are truly honored to serve as a strategic partner to AchieveNEXT®, and as a frontline implementing partner to the CFO Alliance community. Risk knows no boundaries, especially in our times, and no one recognizes this vulnerability more than the CFO, who is at once, the chief risk officer as well as the head of finance for their organization. The ability to bring our very best thinking and solutions to this community will help enhance overall resilience for middle market firms, which are the engine of a vibrant economy. Our goal is not singularly to offset complex enterprise risks like cyber-threats or political risk, it is also very much focused on enabling rapid growth by harnessing risk as a catalyst,” said Dante Disparte, CEO of Risk Cooperative and Ridge Global. A recognized thought leader on risk and resilience, Disparte will serve as the chair and lead curator of CFO Alliance’s member-facing risk solutions.
The partnership underscores a deep commitment to building one of the world’s most unique professional and enterprise membership networks, focused on individual professional readiness and organizational resilience. The suite of risk solutions being designed and curated by Risk Cooperative and Ridge Global supports CFO Alliance mission: to provide value across the entire spectrum of human capital, the enterprise financial life cycle, and strategic risk management.