In 2014 Ryan Mitchell founded Wisterm. He was 32 years old and had recently graduated from Drexel University with degrees in Engineering and Economics. Prior to founding Wisterm, Ryan worked as Chief Actuarial Officer for RMC Group where he specialized in captive insurance as well as various employee benefit and retirement plans.
Wisterm started when Ryan partnered with his former employer to share expenses and have money to hire office help. He was able to persuade established people in the industry to leave their positions to work with him, including Shane Biltz who had worked with Ryan previously at RMC Group.
In 2015 the company experienced significant organic growth in its captive insurance management and captive insurance consulting practice. This occurred during a time of consolidation in the industry and made Wisterm one of the largest consultants in the captive industry.