Mike Wood has been working with the insurance industry for more than 40 years. He began his career as an underwriter for AETNA, went on to open his own insurance agency and later rejoined the company-side of the business when he became vice-president of a St. Louis life & health insurer. In 1968, Wood formed a holding company and acquired the life and health company along with a managing general agency, retail insurance agency and computer service company. In 1970, he formed an insurance premium finance company to finance business generated by the holding company's retail agency. Five years later, Wood sold the holding company, but retained ownership of the premium finance entity – expanding the company's finance base by servicing retail insurance agents in Missouri and Illinois. In 1982, Wood co-founded AIS to concentrate his efforts on creating and managing agency-owned premium finance companies.
Mike Wood is a former mayor of Manchester, Missouri, and a former member of the St. Louis County Municipal League. He was a member of the first board of directors of the St. Louis County YMCA and has served as a member of the board of a local bank for over 10 years.