Category Archives: Business

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Business: Executives

Kyle Aldridge to Lead New Atlanta Office as Vice President for Lowers Forensics International

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Kyle Aldridge, Vice President, Atlanta Ofiice, Lowers Forensics International

Kyle’s experience as a CPA expert witness and concentration in investigative accounting and litigation support will benefit our clients greatly. We are proud to welcome Kyle as an effective leader and important member of our executive team.


PURCELLVILLE, Va. (PRWEB)

Globally-recognized forensic accounting firm, Lowers Forensics International, continues its expansion with the opening of an Atlanta office and hiring of Kyle Aldridge, CPA, CFF. Kyle will lead client engagement in and around the Atlanta area and will contribute to client engagement throughout the southern U.S. through the company’s Miami, Dallas, and Houston offices.

The Atlanta office represents the 11th new office opening for Lowers Forensics International since the summer of 2018.

Marc Johnson, President of Lowers Forensics International, remarks, “Kyle’s experience as a CPA expert witness and concentration in investigative accounting and litigation support will benefit our clients greatly. We are proud to welcome Kyle as an effective leader and important member of our executive team.”

Prior to joining Lowers Forensics International, Aldridge amassed more than 20 years of experience in the evaluation, analysis, and settlement of insurance claims, forensic accounting, and litigation support. His client work has included major property insurance companies, law firms, and corporations.

Aldridge specializes in the evaluation of damages and has handled a wide range of files related to property damage or theft, including business interruption, out-of-site and in-site inventory (stock) losses, and employee dishonesty. He has handled a wide range of business interruption engagements spanning across multiple industries.

At Lowers Forensics International, Aldridge will focus his efforts on ensuring excellence in customer engagement and service delivery stemming from the new Atlanta office.

To reach Kyle Aldridge call (678) 784-4119 or visit lowersforensics.com.

About Lowers Forensics International, LLC

Lowers Forensics International is a financial forensics firm offering expertise in insurance claims accounting, litigation support, investigative services, and expert testimony to support organizations worldwide. The company maintains offices across the globe to serve the needs of insurance companies, attorneys, and private and public entities in order to transform complex financial information into clear evidence.

For more information about Lowers Forensics International, visit lowersforensics.com.

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Business: Insurance

Everest Group Predicts Significant Slowdown in Revenue for Third-Party Administrators as Needs of Insurance Industry Shift—Everest Group

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Everest Group

“[S]ome leading TPAs have showed signs of change, making intensified digital investments in more new-age partners and technologies, such as the use of IoT sensors, artificial intelligence, predictive image analytics, telematics and predictive modeling.”


DALLAS, Texas (PRWEB)

Some third-party administrators (TPAs) are building the requisite capabilities in talent, technologies and data to address the changing needs of the insurance industry, but most TPAs lag behind. Everest Group reports that the top 10 US TPAs suffered a significant drop in year-on-year revenue growth, falling from 20% for 2017-2018 to 5-10% for 2018-2019. Everest Group predicts the slowdown will continue in the year ahead under the impact of the COVID-19 crisis as TPAs look to battle against the falling demand and the changing requirements of insurers.

“Insurers’ extreme focus on employee and customer experience is forcing TPAs to adapt their offerings beyond commoditized services,” said Skand Bhargava, practice director at Everest Group. “Most of the digital-led use cases that TPAs have implemented thus far are low on the sophistication scale when compared to the use cases implemented by insurance IT or Business Process Outsourcing providers. However, some leading TPAs have showed signs of change, making intensified digital investments in more new-age partners and technologies, such as the use of IoT sensors, artificial intelligence, predictive image analytics, telematics and predictive modeling. As a result, these more innovative TPAs are reaping differentiation in the market and positioning themselves for success amidst recessionary pressures because of the greater value they are providing for their clients. Going forward, those TPAs who deliberately commit to well-executed digital transformation will not only deliver a more progressive value proposition to clients but also secure the relevance of the overall industry, especially considering the current environment.”

Third-party administrators are commonly used by health insurance providers as well as enterprises or healthcare organizations who fund their own health plans for employees. TPAs assist these organizations with claims administration as well as premium billing, customer enrollment, and other day-to-day operations of insurance programs.

Currently, the Top 10 TPAs in the U.S command only 3-5% of a $270 billion market, with some of the largest TPAs functioning on single-digit operating margins and very few keeping pace with digital transformation. By leveraging digital technology, TPAs can improve margins, drive differentiation, address operational challenges, enhance talent throughput and ensure client retention. In the longer term, digital adoption can help TPAs adjust to changing risks and move up the value chain to manage critical tasks.

Everest Group shares these findings in its recently published report, Third Party Administrator (TPA) State of the Market Report 2020: Industry Facing an Urgent Mandate to Transform. This report examines the global TPA market, particularly the property and casualty (P&C) and workers’ compensation insurance segments, including changes in client demand patterns and delivery requirements from TPAs, and the role and adoption of digital levers.

Additional Findings

  • For property and casualty (P&C) and workers’ compensation insurance, TPAs are primarily restricted in the value chain to end-to-end claims management.

  • For employee benefits—both life and pension (L&P) and health insurance—TPAs play a more end-to-end administration role.

  • While there are multiple growth drivers for the TPA industry, such as expansion in the scope of services and carrier outsourcing, there are a number of impending challenges as well that restrict the growth opportunities.

  • Intelligent automation, mobility, predictive analytics, drones, and cloud-based modern claims platforms are the five key digital and technological enablers for the transformation of the TPA industry.

***Download a complimentary abstract of this report.***

About Everest Group

Everest Group is a consulting and research firm focused on strategic IT, business services, engineering services, and sourcing. Our clients include leading global enterprises, service providers, and investors. Through our research-informed insights and deep experience, we guide clients in their journeys to achieve heightened operational and financial performance, accelerated value delivery, and high-impact business outcomes. Details and in-depth content are available at http://www.everestgrp.com.

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Business: Executives

Woodsboro Bank Announces Several Recent Promotions on Team

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FREDERICK, Md. (PRWEB)

Woodsbork Bank is delighted to announce several recent promotions:

Doug Murphy was promoted to Vice President, Commercial Credit Manager. Chuck Reeder was promoted to Vice President, Commercial Banker. Lee Ann Naugle was promoted to Assistant Vice President, Executive Administrator. Karla Edder was promoted to Bank Officer, Commercial Administrator. Chris Trone was promoted to Bank Officer, Commercial Credit Analyst. Angie Simmons was promoted to Bank Officer, Branch Manager. Betsy Lingg was promoted to Bank Officer, Branch Manager.

Doug has over 40 years of banking experience in commercial credit and business banking. He joined our team in 2010 and has been instrumental in various projects and initiatives. Doug holds a Bachelor of Science in Business Administration from the University of Maryland. He is an active member in the Frederick Community through his involvement with the Rotary Club of Carroll Creek, Community Foundation of Frederick County and St. John’s Cemetery board.

Chuck joined the bank in 2003 and has over 30 years of banking experience including marketing, finance, student lending and commercial lending. He graduated from FCC and Shepherd College with a Bachelor of Science in Business Administration. Chuck’s community impact includes Treasurer and Executive Board member with the Frederick County Building Industry Association, serving on the YMCA’s Sporting Clays for Kids committee, a member of Evangelical Lutheran Church, a member of the Frederick Elks Lodge, treasurer of Frederick Industrial Softball League and longtime American Red Cross blood donor.

Lee Ann began her career with Woodsboro Bank 22 years ago and continues to be an invaluable member of our team. Much of Lee Ann’s success can be attributed to her personal drive for excellence and strong commitment to the Bank. Lee Ann is a resident of PA and is very involved in her Church, Mt. Carmel UMC in Orrtanna, PA, where she serves on numerous committees. She has been a delegate representative to the 2018 and 2019 annual conferences.

Karla has over 20 years of banking experience joining the Bank in 1999. Her experience includes branch and commercial banking. In her current role, she provides invaluable support to our commercial bankers and business development officers. Karla has been active in the community through volunteering with Blessings in a Backpack, Thurmont Shred Days and Downtown’s Bring a Broom.

Chris Trone has over 30 years in banking and finance with extensive experience in underwriting. Prior to joining Woodsboro Bank, he worked as a mortgage underwriter for Damascus Community Bank and at Wells Fargo for 13 years prior to that. His underwriting experience led him to join our team in 2018 as a Commercial Credit Analyst where he has excelled in his role and is truly embedded in the One Woodsboro culture. Chris loves being involved in the community and is always looking for volunteer opportunities, oftentimes spearheading many of our community activities. He is specifically involved in Friends of Cunningham Falls State Park and Gambrill State Park and The Potomac Appalachian Trail Club (PATC).

Angie has 9 years of banking experience joining the Bank in 2011 with her experience in the branch channel. She received her Associate Degree in Business Administration at Frederick Community College. Currently, she is enrolled at University of Maryland’s Global Campus and in the Maryland Bankers Association’s Emerging Leaders Program. She is the Volunteer & Impact Chair for the United Way’s Emerging Leaders United. Angie is co-chair of the Bank’s United Way workplace campaign and a volunteer for United Way’s VITA program.

Betsy has nearly 30 years of banking experience. She joined the Bank in 2004 when the Bank acquired the Homewood branch from another financial institution. The dedication Betsy has to her Homewood clients is remarkable. She is an invaluable colleague stepping in to help however she can. Throughout her career, she has supported our community through volunteering with Meals on Wheels, coaching soccer, and volunteering at her kids’ elementary, middle and high schools.

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Business: Insurance

NFP Acquires Johnson Fleming Group Limited, Expands Presence in the United Kingdom

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“NFP will make us even more effective in helping employers enhance their competitiveness by designing attractive benefits and engagement programs for their employees,” said Simon Fletcher, CEO of Johnson Fleming.


NEW YORK (PRWEB)

NFP Corp., a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual solutions, today announced the acquisition of Johnson Fleming Group Limited and Johnson Fleming Future Life Planning Limited (together, Johnson Fleming). The transaction closed January 17, 2020.

Johnson Fleming, based in Bromsgrove, U.K., is a pensions specialist and employee benefits and group risk adviser to employers and pension arrangement members. With a focus on three specialized areas – consultancy, administration, and engagement – the Johnson Fleming team works as an extension of a client’s internal team, creating programs that better position them to recruit, reward, and retain the best talent. Simon Fletcher, CEO of Johnson Fleming, will report to Matt Pawley, NFP’s senior vice president, international benefits consulting. Johnson Fleming principals Iain Chadwick (consultancy director) and Tom Claridge (customer services director) will continue to lead their respective practice areas as part of the transaction.

“We are thrilled to welcome Johnson Fleming to the NFP family as we further expand our U.K. footprint,” said Matt Pawley. “The team brings expertise, capabilities and relationships in the benefits and pension markets that will elevate our scale and create new paths for growth. I look forward to their energy, insight and collaboration, all of which will bring additional value to our clients.”

“Joining NFP, and gaining access to a new level of resources and support, is a great step for our organization and the companies we serve,” said Simon Fletcher. “NFP will make us even more effective in helping employers enhance their competitiveness by designing attractive benefits and engagement programs for their employees. We appreciate the opportunity to work with Matt and his team and contribute to NFP’s growth and client service focus.”

About NFP

NFP Corp. is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP Corp. enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP Corp. is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

Visit http://www.NFP.com to discover how NFP Corp. empowers clients to meet their goals.

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Business: Executives

William Charles Lee, CEO and Founder of GQIT, Accepted into Forbes Technology Council

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William Charles Lee, CEO & Founder of GQIT

“We are honored to welcome William Charles Lee into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council.


NEW YORK (PRWEB)

William Charles Lee, CEO and Founder of GQIT, an outsourced IT consulting firm specializing in managed services for small and midsize firms, has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.

William was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome William Charles Lee into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

As an accepted member of the Council, William has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. William will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

Finally, William will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.

“Forbes is a powerhouse name in the business world,” said William Charles Lee, CEO and Founder of GQIT. “It is an absolute honor and privilege to be a part of the Forbes Technology Council. This platform will help connect GQIT with like-minded techies, and trailblazers in their respective fields. It will also allow our company the opportunity to contribute meaningful content to Forbes readers on ways to embrace different technology solutions to grow their businesses. If you grow, I grow, we grow.”

ABOUT FORBES COUNCILS

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

For more information about Forbes Technology Council, visit forbestechcouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.

ABOUT GQIT

GQIT is not the stereotypical IT firm. We are inherently humble, honest, transparent, and remarkably personable Nerds. We have a strong hospitality background allowing us to always focus on our client’s needs. We are all certified IT experts with over 30 years of combined experience. We only deliver Great Quality IT (GQIT) by providing a full-service enterprise-level IT support to the New York metropolitan area. GQIT combines concierge service with IT, to create a Different IT Experience.

Visit http://www.gqit.co to learn more about GQIT.

Contacts

GQIT

Info@gqit.co

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Business: Executives

Supply Chain Firm Tompkins International Names Denny McKnight CEO

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Denny McKnight, CEO of Tompkins International

Denny McKnight, CEO of Tompkins International

I have learned so much from Jim in the 29 years that I have been with Tompkins International and I look forward to my new role and continuing to grow the Tompkins brand.


RALEIGH, N.C. (PRWEB)

Tompkins International is pleased to announce that effective April 20, 2020, Denny McKnight will assume the position of CEO of Tompkins International. After 45 years of holding the position, former CEO and Founder Jim Tompkins has decided to shift his focus and continue to actively support the firm by remaining in the role of chairman of Tompkins International.

Tompkins stated in a letter to the firm, “After much prayer, reflection and partnership with the Board, I have decided now is the time to step down as CEO of Tompkins International and I am pleased that Denny McKnight has accepted the position and wish him much success in his new role.”

Tompkins will remain an active part of the Tompkins International community, continuing to share his thought leadership, support business development and serve as the company’s brand ambassador. Through Tompkins’ 45 years as CEO, he has been able to grow the Tompkins brand from a small consulting firm with a couple of industrial engineers to a multi-million dollar firm offering best-in-class solutions in supply chain, material handling integration implementation, fulfillment services, digital technology and robotic systems.

McKnight stated upon acceptance of the position, “I am thankful to Jim for being given the opportunity to take over the position of CEO. I have learned so much from Jim in the 29 years that I have been with Tompkins International and I look forward to my new role and continuing to grow the Tompkins brand.”

McKnight has served as president of Tompkins International since 2013 and CEO of Tompkins Robotics, a business unit of Tompkins International, since 2018. Prior to that, he was one of the first partners of the supply chain consulting practice for Tompkins International.

The firm wishes Tompkins the very best as he begins the new chapter in his life. Using his favorite words often said to the employees of Tompkins International, “GO, GO, GO!”

About Tompkins International

Tompkins International is a global supply chain consulting and solutions firm dedicated to helping clients achieve supply chain excellence and profitable growth. Founded in 1975, Tompkins has integrated its decades of experience in strategy, commerce, logistics and technology into an ecosystem of four business units: Supply Chain Consulting, Material Handling Integration, Robotics and Applied Technologies. By combining best-in-breed services and technologies, Tompkins delivers a true end-to-end supply chain solution enabling clients to improve the customer experience and ensure long-term success. Tompkins is headquartered in Raleigh, North Carolina and has offices throughout North America and in Europe and Asia. For more information, please visit http://www.tompkinsinc.com.

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Business: Executives

Lorcan Sheehan, CEO of PerformanSC, recognised as 2020 Supply Chain Pro to Know

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DUBLIN (PRWEB)

PerformanSC Supply Chain Ltd CEO, Lorcan Sheehan, has been recognised as a 2020 Practitioner Supply Chain Pro to Know by international supply chain publication – Supply & Demand Chain Executive.

This is the second time that Sheehan has received this award.

The Pros to Know Awards recognize supply chain executives, that are leading initiatives to help prepare their companies’ supply chains for the significant challenges of today’s business climate.

“The supply chain profession is ever-changing, with transformative technologies and evolutionary best practices driving greater efficiencies and innovations for companies. At the heart of it all are supply chain professionals. Supply & Demand Chain Executive congratulates the 2020 Pros to Know recipients who are setting the bar for supply chain excellence,” says John R. Yuva, editor-in-chief for Supply & Demand Chain Executive.

“Supply chain teams are at the forefront in responding to many global and commercial challenges – Covid-19, Global Tariffs, BREXIT, Sustainability.” says Sheehan. “It is both a challenging and exciting time to be a supply chain professional. The recognition by Supply and Demand Chain Executive – particularly in the Practitioner category – is a tribute to our entire team and to the work that we get to do with clients on their supply chain journeys.”

Supply & Demand Chain Executive’s website at http://www.sdcexec.com offers the full list of all of the 2020 Pros to Know and Practitioner Pros winners.

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage.

Visit it on the web at http://www.SDCExec.com.

About PerformanSC Supply Chain Limited

PerformanSC, is a practitioner-led supply chain consulting firm, working with companies to accelerate supply chain performance improvement, manage risks and enable market and channel expansion. Founded in 2013, the PerformanSC team has grown to be highly regarded in supply chain services, within the industry.

The PerformanSC team’s focus is across all areas of supply chain and our experienced resources hold deep functional supply chain expertise. We pride ourselves in supporting our clients through their supply chain strategy and operational excellence endeavours. Our supply chain technical and leadership training further supports organisations in driving performance enhancement and strategy and compliance mitigation, across the industries.

https://www.performansc.com

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Business: Executives

Lean Staffing Solutions Appoints a New Member to Board of Directors

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“Our newest board member embodies the spirit of our community and brings talent, expertise, and energy to the table. We are very fortunate to have him join us.” – Robert Cadena, CEO of Lean Staffing Solutions.


CORAL SPRINGS, Fla. (PRWEB)

Steve Hausman is the Founder and retired Executive Chairman of Triumph Business Capital, a provider of invoice factoring and payment processing services, principally to the transportation markets.

Mr. Hausman is a fourth-generation trucker with over 35 years of experience in commercial finance, notably with TBK Bank, Volvo North America, and CitiCapital Commercial Corporation, formerly “The Associates.” Hausman currently serves as a governing board director of Prison Entrepreneurship Program (PEP.org) and its affiliated small business lending organization, Entre Capital, LLC.

Mr. Hausman obtained his undergraduate and MBA degrees from the University of Michigan.

“We are excited to welcome Steve to our Board of Directors. He brings decades of leadership in key areas that are vital to our future operations and strategy,” said David Bell, CEO Lean Tech, Managing Director of Lean Staffing Solutions. “Steve’s counsel and expertise will strengthen our commitment to talent development and enhancing mission-critical solutions to better serve our employees, customers, and shareholders.”

ABOUT LEAN STAFFING SOLUTIONS.

Lean Staffing Solutions specializes in the transportation and logistics industry working with US-based companies to provide back-office solutions. Lean Staffing is a nearshoring solution, meaning your new office is in close proximity to the US and operates in the central time zone. Lean Staffing has revolutionized the way companies look to outsource their back-office services by establishing satellite offices in Colombia, South America.

For more information about Lean Staffing Solutions, call +1 (888) 323-9995 or visit leanstaffing.com.

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Business: Insurance

Tremor Successfully Clears World’s First Programmatic ILW Trade

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BOSTON (PRWEB)

On April 2nd, Tremor opened weekly online Industry Loss Warranty (ILW) auctions to provide an active marketplace to transact coverage. While most re/insurance markets continue to remain challenged or closed entirely and while many intermediaries are calling for automatic contract extensions, Tremor is seeing rapid growth in the use of its fully online, programmatic marketplace to price and allocate re/insurance programs.

Each week, Tremor posts a range of common ILWs for auction. Interested parties submit blind, sealed bids to buy and/or sell the posted ILWs; parties are not known to each other until trade is successfully completed. Upon the close of bidding, Tremor computes a market clearing price for each ILW and reports consequent trades.

Tremor completed its second weekly auction on April 9th. Capacity offered nearly tripled with twice the number of bidders from the opening week of trade. Bidders offered $87 million of capacity equally across three structures. The US Wind and Earthquake ILW contract traded at a rate on line of 12.5% before brokerage. As previously announced, Tremor will report clearing prices and spread to the market in an effort to increase ILW transparency and to further encourage trade. The details of the most recent week’s auction results can be found below:

Tremor ILW Trading Results: 9 April 2020

ILW Cleared Trades (ROL):

$50bn US Wind and Earthquake: 12.25%

Spreads (ROL):

$30bn FL Wind: 12.00% (Buy) 12.50% (Sell)

$15bn Japan Wind: 2.75% (Buy) 6.75% (Sell)


  • Clearing Price and Spread do not include commissions and fees

Anonymized aggregate supply, showing total supply available at various prices, has been made available to markets that bid on the Tremor platform.

“The team at Tremor is thrilled to have yet again broken new ground to clear the world’s first programmatic ILW trade. In just our second week of trading, capacity tripled and the number of bidders more than doubled. The feedback we have received has been fantastic – the market has endorsed that this is how ILWs should trade and Tremor’s powerful matching engine technology is the perfect solution to enable ongoing ILW trade with capacity on demand and an efficient market clearing mechanism,” said Sean Bourgeois, Founder & CEO of Tremor.

Tremor continues to work on a number of traditional placements in addition to its continuous ILW market. As the midyear renewals approach, the company has seen unprecedented demand for its technology to enable trade.

“We are thrilled to see the fruits of our labor accelerate so rapidly. Clearing trades while contemplating rich and diverse sets of preferences is a complex computational problem to solve. Our world class team has spent the last two years building our marketplace from the ground up with these capabilities in mind. Tremor combines modern marketplace liquidity technology while maintaining traditional relationships. This is precisely what the market needs now, and will require in the future,” continued Bourgeois.

Tremor’s weekly ILW marketplace welcomes buyers of protection, their brokers and sellers of protection to trade. The Tremor marketplace includes over 80 global reinsurers from all major markets, a number of reinsurance brokers, ILS funds and direct access to capacity at Lloyd’s. The company’s unique offering supercharges trading while involving the entire trading community.

Tremor will continue to auction common ILW structures every Thursday with bids accepted from 9am ET until 9am ET on Friday. Tremor will report results at the end of the trading day each Friday to participants and report results publicly thereafter.

About Tremor: Tremor is a venture-backed insurance technology firm where world class computer scientists, economists, market designers and industry practitioners are working together to build a modern risk transfer marketplace. Tremor’s “smart market” platform incorporates intelligent market design, state-of-the-art auction technology and sophisticated optimization techniques to vastly improve how risk is transferred around the world.

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Business: Insurance

Savage McVicker Insurance Earns “Diamond Achiever” Award in Ohio

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“The members of the agency’s team are excellent business partners, providing quality, professional service to all clients they serve,” says Frankenmuth Insurance President and COO Fred Edmond.


MAUMEE, Ohio (PRWEB)

Savage McVicker Insurance of Maumee, Ohio has been named “Diamond Achiever” for the state of Ohio by Frankenmuth Insurance for the second year in a row. The award is presented to the state agency that attained the highest overall percentage rating in profitability, growth and policy retention during the past year.

The results achieved by the team at Savage McVicker Insurance in 2019 have helped the agency once again become one of the most successful of Frankenmuth Insurance’s more than 600 independent agencies.

“We are proud to present this award to the management and staff at Savage McVicker Insurance,” says Frankenmuth Insurance President and COO Fred Edmond. “The members of the agency’s team are excellent business partners, providing quality, professional service to all clients they serve.”

To learn more about Savage McVicker Insurance, find them on Facebook or visit http://www.savagemcvicker.com.

# # #

Frankenmuth Insurance has been providing peace of mind for families and businesses for 150 years. Because insurance is both complicated and critical to people’s lives, Frankenmuth works exclusively with 645 independent agencies to provide business, home, auto and life insurance policies. With more than 750 employees, the company is headquartered in Frankenmuth, Michigan, and offers insurance products in 15 states. Frankenmuth Insurance is financially sound, with $1.7 billion in assets. The company has an A.M. Best rating of “A” (Excellent) and is a Ward’s 50® Top Performer. For more information visit fmins.com.

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