“I’m Jim Masiello, the guy who stuck it to the banks and the IRS, getting away clean when I was in debt for over fourteen million dollars.”

Jim Masiello

Jim is the Former Founder, Chairman & CEO, of Alliance Holdings, Inc. parent company of Satellite Agency Network (SAN Group) and (Strategic Insurance Agency Network SIAA) a national network of over 5000 Independent Insurance Agencies writing over $10 Billion of premiums.

Jim is also the founder of successful Masiello Group entities including Financial Services, Insurance, Real Estate, Commercial Leasing, Real Estate Development, an Employment Agency, and an American Express Corporate Travel Agency.

  • 1983, Jim created the Satellite Agency Network (SAN) Model. He wanted to grow his agency and this model precluded investment in producers, branch offices and agency acquisitions.
  • 1994, SAN had grown to over 350 Independent Insurance Agencies in New England and New York State and was producing over $550 million in premium.
  • 1995 – The replication of the very successful SAN Alliance took place with the creation of the Strategic Insurance Agency Alliance (SIAA) with encouragement of National and Super Regional Companies and Consultants.
  • 1997 – Under Jim’s direction, SIAA began its national growth plan utilizing well known insurance consultants who formed the basis of the national Recruiting and Marketing program by partnering with identified Regional Insurance Agencies in each State resulting in SIAA becoming the largest alliance of independent insurance agencies in the United States and has been a leading voice in today’s insurance industry.
  • At the end of 2020, SIAA had signed 49 Master Agency Partners, covering all 48 contiguous states with 5,700 signed independent insurance member agencies writing over $10 Billion in premium making SIAA the largest independent insurance agency partnering national network.
  • SIAA was recognized by Liberty Mutual and Travelers in 2019 as the only $1 Billion Independent Agency National relationships.
  • Rough Notes Magazine has recognized SIAA as the number 1 largest Independent Insurance Agency Alliance for the past 8 years.

In his tenure within the insurance industry:

  • Considered an expert in the creative distribution of insurance services and products.
  • Consulted and lectured on Independent Insurance Agency compensation and incentives for agency producers based on cross-selling initiatives.
  • Received the Dr. Henry C. Martin Industry Achievement Award from Rough Notes of one of only 6 recipients.
  • Recipient of the Insurance Marketing and Management Services (IMMS) Marketer of the Year award.
  • Served as President of the New Hampshire Life Underwriters Association (600+ agents).
  • Chaired the New England Life Insurance Forum.
  • Served on a number of insurance company advisory boards.
  • Served on the Board of Heritage Insurance Holding Company.

2021 – Jim sold SIAA and subsidiaries in concert with Goldman Sachs following a one-year due diligence extensive process and founded:

  • The Masiello Family Foundation – a multi-million-dollar Trust focused on assisting bright but financially challenged Private School and College students on a scholarship basis.
  • MFC Investco – a Private Investment entity.

Additionally:

  • Served as Mayor of the City of Keene, NH for two terms.
  • Recipient of “Citizen of the Year” award from Greater Keene NH Chamber of Commerce.
  • Chaired the New Hampshire State Board of Education for 3 years.
  • Served as a Trustee for Southern New Hampshire University.
  • Has been active in many insurance-related, community, political, and statewide organizations.
  • Has authored numerous articles and has spoken extensively on insurance industry topics including agency marketing, Agency valuations, cross-selling, and insurance distribution systems.