Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

NAILBA Announces Winners of 2019 ID Twenty Awards, Honoring 20 Insurance Innovators and Trailblazers


ID Twenty Logo

Especially in a nontraditional year, we were thrilled to hear the stories of so many people making important contributions to the insurance community.

NAILBA, the Voice of Independent Distribution (ID), has announced the 2020 recipients of the ID Twenty Awards, sponsored by Prudential. In their second year, the ID Twenty Awards honor Independent Distribution’s most courageous innovators and visionaries, who have made important contributions to the insurance profession.

“We received over 50 nominations of BGA principals, carrier executives, case managers, contract specialists, regional vice presidents, underwriters, techies, marketing and operational gurus,” said NAILBA CEO, Dan LaBert. “Especially in a nontraditional year, we were thrilled to hear the stories of so many people making important contributions to the insurance community.”

The winners of the 2020 ID Twenty Award are:


  • Bryan Adams · Co-Founder & CEO · Integrity Marketing Group
  • Andy Albright · CEO · National Agents Insurance
  • Dan Allison · Managing Partner · Brokers Clearing House
  • Tim Ash · CEO · Ash Brokerage
  • Michael Ashwill · Chief Marketing Officer/Principal · Borden Hamman Insurance Marketing
  • Jeff Barker · SVP, Brokerage Distribution & Independent Wholesaling, Life Insurance · AIG
  • Jenny Canas · VP of Product, Underwriting & Operations · SelectQuote Insurance Services
  • Pete Chrisos · VP & National Account Manager · Protective Life Insurance Company
  • Tracey Edgar · VP of Sales · OneAmerica
  • Kurt Fasen · Sales & Marketing Executive · Diversified Brokerage Services
  • Sylvia Gordon · President · Gordon Marketing
  • Sheryl Hickerson · CEO · Females and Finance
  • Steven J. Katz · Chief Optimist · Premier Brokerage Services, Inc.
  • Bill Kauffman, CLU®, ChFC®, LLIF · VP · Financial Solutions
  • Doug Massey · EVP of Sales & Relationship Management · Insurance Technologies
  • Joann Mattson · VP, Strategy & Business Consulting · Highland Capital Brokerage
  • Alan S. Protzel, MBA, CLU®, ChFC® · SVP · The Marketing Alliance
  • Rob Carney · President · Crump Life Insurance Services
  • Mike Smith · President · The Brokerage
  • John Ziambras · President & CEO · AIMCOR Group, LLC

Award winners were acknowledged on the main stage at NAILBA’s virtual annual conference, NAILBA 39: ENGAGE, on Wednesday, December 16, 2020. They will also be spotlighted in NAILBA’s Perspectives magazine in the first quarter of 2021. More information about each of the winners can be found within the honorees section of NAILBA.org.

ABOUT NAILBA

NAILBA is the premier trade association promoting financial security and consumer choice in the insurance and financial services marketplace through independent, wholesale brokerage distribution channels. As the largest community of independent agencies and advisors, NAILBA advocates for America’s life, health, annuity, and other supplemental insurance distributors, while also providing resources, educational information and tools through its digital and print platforms.

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Alera Group Releases 2021 Property and Casualty Market Outlook


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We are proud to release Alera Group’s first-ever market outlook report. We anticipate that it will be a valuable resource for clients across the country.

Alera Group, a national property & casualty, employee benefits, wealth management and retirement services firm, today released its 2021 Property and Casualty Market Outlook.

This extensive document provides a comprehensive, future-oriented view of the property & casualty market from coast to coast, both by coverage line and industry. This report gathers input from national carriers, regional carriers and wholesalers and paired its findings with Alera Group’s industry experts across the country, revealing a hardening market in 2021 with rates rising in nearly every line of coverage.

Some of the report’s key takeaways include:

  • Less Coverage Available in 2021: Insurance market respondents expect less coverage availability in 2021 for multiple lines of business, including commercial auto, business interruption, D&O, and umbrella & excess liability.
  • Capacity Expected to Lower Across Almost All Lines: Apart from professional and environmental liability, respondents expect less capacity in 2021 for every line of business.
  • Key Factors Driving Market Conditions: While the pandemic is a given driver, natural disasters, decline in investment income and lower profitability are also key contributors to the current market conditions.

“We are proud to release Alera Group’s first-ever market outlook report. We anticipate that it will be a valuable resource for clients across the country,” said Mark Englert, Executive Vice President and Property & Casualty Practice Leader at Alera Group. “With pricing increases, lengthened renewal times and reductions in coverage and capacity, 2021 will likely be a continuation of the current hardening market.”

Englert continued, “Although 2021 may prove to be a difficult insurance marketplace, our team of experts remains committed to designing and implementing cost effective solutions for our clients.”

“It is too soon to fully anticipate the impact of COVID-19 on the marketplace, but we can safely expect placement difficulty and rate increases,” said Jane Koppenheffer, President of The Insurance Alliance Network, an Alera Group company. “Our property and casualty experts will continue to create targeted resources that keep our clients informed throughout the pandemic and its aftermath.”

The 2021 Property and Casualty Market Outlook is available for download by clicking here. Contact a local Alera Group agency or email info@aleragroup.com with questions and requests for assistance.

About Alera Group

With over 90 locations across the country and more than 2,000 teammates, Alera Group works together to deliver solutions in employee benefits, property and casualty, retirement services and wealth management. Built on a unique model of collaboration, Alera Group is now the 17th largest independent insurance agency in the United States. For more information, visit https://aleragroup.com.

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Vermont Wins Captive Insurance International Domicile Of The Year Award


“This award is a testament to our captives expertise and our top notch regulatory team keeping pace with the changing needs of the international market,” said Governor Phil Scott.

Governor Phil Scott today announced that the State of Vermont was named the International Domicile of the Year by the European Captive Review. The award is given to the top captive insurance domicile in the world outside of the European Union that has outperformed competitors and demonstrated excellence in servicing the European captive insurance marketplace.

“This award is a testament to our captives expertise and our top notch regulatory team keeping pace with the changing needs of the international market,” said Governor Phil Scott. “We will continue to grow our network and provide a world-class environment for these businesses to thrive.”

Vermont received the recognition at a virtual awards ceremony hosted in late November by the Captive Review Magazine, a trade journal headquartered in London. Other finalists included the State of Delaware and Labuan IBFC (Malaysia). Earlier this fall, Vermont won two other prestigious awards: The inaugural Domicile of the Year award from the Captive International publication and the Domicile of the Year Award for a record seventh year in a row by the Captive Review. Vermont regulators, captive owners and professionals also dominated the “Power 50” and “Ones to Watch” selections released by the Captive Review earlier this year.

“It’s because of the decades-long foundational work that has been done in Vermont that we are able to focus on expanding our international presence,” said Captive Insurance Economic Development Director Brittany Nevins.

Vermont is the third largest domicile in the world with a total of 1,197 licensed to date and 38 new captives licensed this year. Fifty are domiciled captives with European parent companies and 10 with international companies outside of the European Union. Vermont continues to lead the U.S. captive marketplace in number of captives, gross written premium ($25.4 billion in 2019) and assets under management ($212 billion in 2019) and remains the industry leader in the number of Risk Retention Groups (RRGs).

“With just over 10% of our captives based abroad, working with international companies is not something new for us,” said Deputy Commissioner of Captive Insurance Dave Provost. “We are just as committed to serving international markets as we are our own.”

In September, the State of Vermont partnered with the U.S. Department of Commerce and the Vermont Captive Insurance Association (VCIA) to host the first international trade mission with Mexico (conducted virtually) to discuss the specific needs of the Mexican market and the benefits of Vermont as a domicile.

“We plan to continue to work with the state to plan trade missions and educational outreach to raise awareness about the captive industry and the benefits Vermont has to offer,” said VCIA President Rich Smith.

For more information about the Vermont captive insurance industry, please visit http://www.vermontcaptive.com or contact Brittany Nevins at 802-398-5192 or Brittany.Nevins@vermont.gov.

About Vermont Captive Insurance

Captive insurance is a regulated form of self-insurance that has existed since the 1960s and has been a part of the Vermont insurance industry since 1981 when Vermont passed the Special Insurer Act. Captive insurance companies are formed by companies or groups of companies as a form of alternative insurance to better manage their own risk. Captives are commonly used for corporate lines of insurance such as property, general liability, products liability or professional liability.

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Direct and Generali Global Assistance Grow Revenue and Help Protect Guests


Generali Global Assistance, a leading provider of travel insurance and damage protection for the vacation rental industry, is happy to announce their partnership with Direct, an enterprise property and reservations management system for running short-term rental operations, distribution, and accounting. Seamlessly integrated with Direct, Generali travel insurance and damage protection plans help property management companies grow business and protect guests.

When guests purchase Generali travel insurance, they receive coverage for their prepaid reservation costs if they unexpectedly have to cancel or interrupt their trip because of a covered reason, such as COVID-19 sickness. Offerings include regional plans for coastal, waterfront and mountain properties, with specific coverages for weather-related and other events guests encounter when traveling to those destinations. Along with access to 24/7 Travel Assistance, Generali plans help with certain unexpected costs, such as medical expenses if a guest gets sick on their trip and needs treatment or evacuation.

Generali products include a solution for another travel mishap: accidental rental damage. Offered to guests for a one-time payment instead of a security deposit, Vacation Rental Damage Protection provides coverage for accidental damages during the guest’s stay.

Helping guests when things go wrong, travel insurance and damage protection improve satisfaction and enhance the guest experience. Every Generali plan purchased earns commission, creating supplementary revenue for property management companies while offloading risk. This partnership with Direct allows property managers to include Generali offerings in their booking process quickly and easily.

“We are thrilled to partner with Direct to offer valuable vacation rental protection solutions to guests,” said Chris Carnicelli, CEO of Generali Global Assistance. “Vacation rental protection provides another revenue stream for property management companies that work with Direct, and guests are able to book their vacation rentals and purchase insurance through a seamless online experience.”

Wes Smithe, Chief Executive Officer at Direct says, “Our industry has learned a lot during the pandemic, and now more than ever guests are looking for travel protection. We’re very excited to offer a seamless experience for guests and property management companies with Generali.”

About Generali Global Assistance

When you partner with Generali Global Assistance, you’re working with an industry leader backed by one of the world’s largest insurers. Offering travel insurance plans with region-specific coverages and protection against accidental damage to your rentals, our vacation rental insurance programs easily integrate with top software platforms and have helped property management companies earn more revenue and improve guest satisfaction for 30 years. Our success is built on our reputation for assisting travelers in the most difficult of circumstances and delivering vacation rental protection solutions designed to meet your needs.

Vacation Rental Insurance FAQ’s for Property Managers

Why should I offer Vacation Rental Insurance?

Vacation rental insurance helps you offload risk and protect your guests. You also earn revenue.

What are the key benefits of travel insurance?

Travel insurance provides reimbursement if your guest has to cancel their trip or go home early because of a covered reason, including COVID-19 sickness. Plans can also include coverage should they get sick while traveling and need to seek medical treatment or evacuation. Insured guests also receive access to telemedicine services and 24/7 Travel Assistance.

If you rent mountain or coastal properties, regional options are available with enhanced coverage for certain weather related problems that are common in those areas.

What are the benefits of damage protection?

Vacation Rental Damage Protection is an easy alternative to taking security deposits. Guests make a one-time payment up front and receive coverage for accidental damages during their stay. Guests can relax, knowing they have coverage and are more likely to report damages if they occur.

How do I get started?

Visit us online or call us at 866-999-4018

About Direct

Rated one of the top vacation rental software platforms by VRMB.com, Direct is a robust and modular enterprise property and reservations management system for running short-term rental operations, distribution, and accounting. The unit type-agnostic platform includes full trust accounting with integrated payouts, fully-customizable and codable website builder, native channel management, native CRM and call center, staff workflows with integrated invoicing, unified inbox and auto-messaging, open API, a third-party integrations marketplace, and much more.

For press inquiries, email press@getdirect.io or call 1-312-878-4576. For more information, visit http://www.directsoftware.com or follow us on Twitter @directpms or Linkedin @direct-software.

Direct is a fully-registered trademark of Vacation Rental Partners Inc.

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What Are The Benefits Of Using The Same Car Insurance Company For Multiple Vehicles


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“Multi-car insurance policies will help drivers save precious time and money”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that explains how insuring multiple vehicles at the same insurer can save car insurance money.

For more info and free quotes, please visit https://compare-autoinsurance.org/the-benefits-of-using-one-insurer-for-multiple-car-insurance/

It’s not uncommon for a household to have more than one vehicle. To save money on car insurance, drivers can choose to insure all the vehicles from a household to one insurance company in order to obtain a multi-car insurance discount.

Multiple-car insurance policies have the following benefits:


  • Less paperwork to deal with it. Policyholders can save time by having to meet with just one insurance agent and completing one insurance policy. Drivers should ensure they choose enough coverage to protect the value of the most expensive vehicle in the policy. Drivers should contact their insurers and seek advice regarding a proper level of liability coverage.
  • Cheaper premiums and deductibles. Drivers that have more vehicles will pay more on individual policies than compared to the premiums of a multi-car policy. Also, drivers will have to pay for deductibles when filing for a claim. On a multi-car policy, all claims will have the same deductibles. Depending on the insurer, in the event of filing a claim for two vehicles at once, it is possible to pay only one deductible. For example, if two vehicles that are insured on the same policy got damaged in a fire or a flood, drivers will only have to pay one deductible.
  • Reduced risk of lapses. With a multi-car policy, drivers will have to pay one monthly policy bill at the same location and at the same time. In the case of individual policies, drivers that own multiple cars will have to remember the due dates of each policy and pay them at different locations.
  • Cheaper rates for high-risk drivers. Teen drivers, DUI convicted drivers, senior drivers are considered high-risk by insurance companies and have to pay high insurance premiums. The multi-car insurance policy premiums will increase if a high-risk driver is added to the policy. However, the overall policy premiums increase would be lowered when compared to the premiums paid by the high-risk driver on a separate policy.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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AssuredPartners Announces New Regional President for Northeast Region


Lauren Yurick

“Lauren’s sales acumen, forward-thinking leadership and great mentorship abilities will allow Northeast to continue to thrive in 2021 and beyond,” stated AssuredPartners President and COO Tom Riley.

AssuredPartners is delighted to announce the promotion of Lauren Yurick to Regional President of the Northeast Region for AssuredPartners. Lauren’s new role will become effective on July 1, 2021 and will report to AssuredPartners President, Randy Larsen. Over the next six months, Lauren will serve as President of AssuredPartners’ New England operations, which primarily includes the new team from the Peoples United Insurance Agency acquisition. During this time, she will continue to serve and advise her current clients, while also working closely with Tom Kozera, the current Regional President, to transition the duties and responsibilities of the Regional President role.

Ms. Yurick began her career in the employee benefits industry in 1989 working for both regional and national insurance carriers in numerous sales and leadership capacities. After several years with a large Fortune 500 insurance provider, she became an independent broker and after six years there, she took the leap and started her own agency. Ms. Yurick joined AssuredPartners in July 2017 as a successful producer and soon thereafter became the Western Region Sales Leader where she dedicated her time to her clients, mentoring young sales leaders and refining the internal sales process through producer development and education.

During her time at AssuredPartners, Lauren has proven to be a leader of strategic development and plan execution at a regional level. Though currently based in Reno, Nevada, in her new role she will relocate to the Northeast region where she has deep roots. She was born and raised in Philadelphia and graduated Magna Cum Laude from Johnson & Wales University in Providence, Rhode Island.

AssuredPartners President Randy Larsen stated, “Lauren has a true passion for our industry which is informed by over 30 years’ experience and displayed in her mentorship as a sales leader. We are confident that Lauren will help identify and develop the next generation of leaders at AssuredPartners while also leading our current Northeast region toward operational excellence.

Tom Kozera, current Regional President who has been promoted to EVP and Corporate Risk Officer, added, “I am thrilled about this new direction in the northeast. The northeast region has great sales and operational talent, and I am confident that Lauren will lead this exceptional group into even greater success.

“We are excited to leverage Lauren’s experience and talents for our operations in the Northeast. We have made several large acquisitions in this region over the last 18 months, which has added to the great foundation established by Tom Kozera and his team. Lauren’s sales acumen, forward-thinking leadership and great mentorship abilities will allow Northeast to continue to thrive in 2021 and beyond,” stated AssuredPartners President and COO Tom Riley.

ABOUT ASSUREDPARTNERS, INC.

Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $1.6 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with over 190 offices in 34 states and London. For more information, please visit http://www.assuredpartners.com.

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The Institutes Form Insurance Broker Advisory Board to Better Serve Modern Insurance Brokers


“We are pleased to have this amazing group of industry executives to help guide our outreach and product development for the insurance broker market,” says Peter Miller, President and CEO of The Institutes.

In order to better serve the knowledge development of modern insurance brokers, The Institutes have formed an Insurance Broker Advisory Board comprised of executive-level learning and development/talent leaders from top insurance brokers. The Advisory Board will help ensure that The Institutes are meeting the needs of insurance brokers.

“We are pleased to have this amazing group of industry executives to help guide our outreach and product development for the insurance broker market,” says Peter Miller, President and CEO of The Institutes. “The Institutes are a recognized leader in providing knowledge to the insurance and risk management professionals. The creation of our new Agent & Broker Group and the formation of this Advisory Board will allow us to focus on serving this critical segment of the industry.”

The Advisory Board is a tremendous resource that will provide counsel on issues of importance to insurance brokers; provide unbiased insights; and support exploration of new business ideas. The Institutes Insurance Broker Advisory Board members are:

Jim Facinelli (Chair)

Lockton Companies

Vice President – Learning & Organization

Linda Cai

Aon

Global Head of Learning, Leadership & Talent Development

Amy Halliburton

Gallagher

Vice President Human Resources, GGB-US

Aimee Kilpatrick

BXS Insurance

SVP – Director of Sales Development & Operations

Julie Loney

Assurex Global

Senior Vice President – Education

Dan Mitchell

Marsh

SVP – Global Learning Leader

Dianna Pietrzak

Truist Insurance Holdings SVP & Chief Talent Officer

Debbie Plager

HUB International

Chief Talent Officer

Joel Stanley

AssuredPartners

Director of Professional Development – AP

Renee Strukel

Brown & Brown Insurance

Director, Team Resources – Learning & Development

About The Institutes | Risk and Insurance Knowledge Group

The Institutes, a leading provider of risk management and insurance knowledge solutions, offer innovative education, research, networking, and career resources, including professional designations such as the CPCU® program, leadership programs, continuing education courses, events and conferences, associations, custom solutions, publications, and assessment tools.

CPCU is a registered trademark of The Institutes. All rights reserved.

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A New Guide Explains How To Get Accurate Car Insurance Quotes Online


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“It is possible to get really accurate car insurance quotes. All you have to do is to provide correct info and use extended online questionnaires”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that explains how drivers can get accurate car insurance quotes online.

For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/tips-getting-accurate-car-insurance-quotes/

Using the internet to get price estimates is really easy and reliable. After adding all the required details and coverage selections, the user will get matched with several companies. Using this type of service, a user can quickly narrow down his search to companies that match his requirements. In order to get accurate quotes, a driver should:

  • First determine his coverage needs. It all starts with knowing what the driver wants to purchase. Besides buying the minimum coverage required by the state, a driver may need additional coverage, depending on his car and budget. People who own new, valuable models, should purchase full coverage. People that do not have solid health/life insurance coverage, should also consider buying PIP/Medicare insurance. If a person has more than one vehicle, it may be wise to opt for multi-vehicle plans. Also, consider bundling policies. This will save drivers a lot of money. Besides that, determine the most convenient deductible levels and add-ons.
  • Determine the insurance budget. Knowing the available insurance money will help the driver opt for higher coverage limits, higher deductibles and several add-ons. Online quotes will help drivers design a coverage plan within those limits. Furthermore, the driver can simulate “pay-in-full” and see the total cost of the coverage plan and how much he can save. With “pay-in-full”, drivers can save around 15%-20% on car insurance.
  • Keep relevant documents nearby. Having the right documents near will help the driver provide correct info about the car’s model and sub-model, existing safety devices, and driving history. Keep in mind that online questionnaires may also ask about things like the exact sub-model, including the number of cylinders. Providing exact info about the car is a must. Companies can void coverage if the driver sends the wrong data. Plus, keep in mind that companies use this data to calculate the Actual Cash Value, which is used to reimburse the drivers. Sending wrong data can result in a lower ACV.
  • Provide realistic annual mileage data. Most companies consider 12.000 to be the average annual mileage for a driver. Users are asked to input the annual mileage, by either adding the value, selecting it from a range or providing the approximate daily mileage. Lying to the insurance company will seriously backfire. Claims can be denied if the ulterior technical inspection shows much higher mileage values.
  • Use lengthy questionnaires. It is well-known the fact that a more complex questionnaire will provide better results. A user who fills out a long, in-depth survey about the vehicle history, driving history, use of the vehicle, credit history, etc. and will get a much more accurate quote. Short quote forms, while convenient, fast, and easy to use, will often times be very inaccurate. Spending 5-10 minutes to fill in all the details will be worth the time. Reputable companies embed complex questionnaires and high-speed rate calculators. They provide really accurate online quotes.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit https://compare-autoinsurance.org.

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AM Best Upgrades HAI Group’s Issuer Credit Rating to ‘a+’ and Reaffirms Its ‘A (Excellent)’ Rating


HAI Group President and Chief Executive Officer Ed Malaspina

While the year 2020 challenged our health, safety, and the economy to a degree that would have been hard to imagine a year ago, I am grateful that we were able to quickly adapt and help our members across the country continue to serve their communities, particularly those in need.

HAI Group, the nation’s leading member-owned property-casualty insurance company for the affordable housing industry, is proud to announce that AM Best has upgraded our Long-Term Issuer Credit Rating (ICR) to ‘a+’ from ‘a’ and reaffirmed our Financial Strength Rating (FSR) of ‘A (Excellent).’

The rating includes the following companies under the HAI Group brand: Housing Authority Risk Retention Group, Inc. (HARRG); Housing Authority Property Insurance, A Mutual Company (HAPI); Housing Enterprise Insurance Company, Inc. (HEIC); and Housing Specialty Insurance Company, Inc. (HSIC).

“The ratings reflect HAI Group’s balance sheet strength, which AM Best categorizes as ‘strongest,’ as well as its adequate operating performance, favorable business profile, and appropriate enterprise risk management,” wrote AM Best in a press release announcing the upgrade. “The upgrade of the Long-Term ICR is the result of favorable trends in operating results in recent years with underwriting and operating ratios that are more in line with its peers. The favorable earnings trend is attributed mainly to the group’s favorable loss experience, improved risk selection and the deliberate expense management initiatives implemented by senior leadership. Results have benefited over the past few years from management’s concerted efforts to improve operating performance through allocating resources to the group’s core insurance operations in order to achieve healthy but stable premium growth. Combined with strict underwriting discipline and sound risk management practices, these aspects have led to the group’s recent enhanced profitability and sustained operating profitability.”

“While the year 2020 challenged our health, safety, and the economy to a degree that would have been hard to imagine a year ago, I am grateful that we were able to quickly adapt and help our members across the country continue to serve their communities, particularly those in need,” said HAI Group President and Chief Executive Officer Ed Malaspina. “Throughout the years, we have continued to show growth and progression, and having AM Best recognize our achievements is extremely rewarding. This year more than ever, our employees have remained steadfast in their dedication to providing our members with the highest level of customer service. We remain committed to quality work and exceptional performance.”

To read the press release distributed by AM Best, visit http://www.ambest.com.

About HAI Group

HAI Group® is the marketing name for a family of companies founded by and dedicated to housing and headquartered in Cheshire, Connecticut. While we are recognized as a pioneer of affordable housing insurance programs, insurance is not our only strength. We protect, preserve, and promote the sustainability of affordable housing with a wide array of products and services that support the challenges housing organizations face. Besides insurance, they include strategic capital, research, advocacy, and training relied on by over 1,500 housing organizations and more than 12,000 housing professionals nationwide. For more information, visit http://www.housingcenter.com.

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NFP Navigates Challenging Environment to Complete 16 Acquisitions in 2020, Including One of the Largest in the Company’s History


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“While it was a challenging year, 16 fantastic organizations embraced our value proposition and chose to make NFP a part of their future,” said Doug Hammond, chairman and CEO of NFP.

NFP, a leading insurance broker and consultant providing corporate employee benefits, property and casualty (P&C), retirement, and individual solutions, announced they have closed 16 acquisitions so far in 2020 across the United States, Canada, the United Kingdom and Ireland.

NFP acquired the following firms to further expand P&C, corporate benefits and individual solutions capabilities globally: EFG&M Management LLC, Ernest R. Shaw Limited, Fiduciary Investment Advisors LLC, Gary Nelson (book of business), HMP Insurance & Pensions Advisors Limited, Insurance Specialty Group LLC, Johnson Fleming Group Limited, Leavitt Insurance Services of San Diego, Managed Care Consultants, McKinley & DiMarco Insurance Services, Ogilvy Insurance, Reilly Benefits Inc., Rose & Kiernan Inc., Santa Maria & Company, Simplify Insurance LLC and StratWealth.

Rose & Kiernan, an Albany, NY-based multidisciplinary insurance broker with sophisticated capabilities in P&C, surety and employee benefits, is among the largest acquisitions in NFP’s history.

NFP also expects to close additional transactions by year-end.

“While it was a challenging year, 16 fantastic organizations embraced our value proposition and chose to make NFP a part of their future,” said Doug Hammond, chairman and CEO of NFP. “With each acquisition, we grow strategically, advance our people-first culture and better position our company to thrive in the years ahead. Most importantly, we expand the breadth of solutions and specialized expertise clients need to address their most complex risks and goals.”

“Our team worked hard to overcome a variety of obstacles to welcome an excellent class of firms in 2020,” said Carl Nelson, executive vice president, Mergers and Acquisitions. “We remain focused on strategic and sustainable growth across business lines, domestically and internationally, and being the company of choice for successful, growing, culturally aligned firms. Our momentum is strong and we’re looking forward to another great year in 2021.”

About NFP

NFP 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 enables client success through the expertise of over 5,700 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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