benefitsConnect Acquires Strategic Benefits & Insurance Services Ltd. | 2020-07-31 | Press Releases

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TORONTO, July 31, 2020 /CNW/ – benefitsConnect an employee benefits consulting firm is proud to announce, effective August 1, 2020, the 100% share purchase of Strategic Benefits & Insurance Service Ltd. headquartered in Kingston, Ontario. A soft launch has been ongoing since February 1, 2020.

This merger of two great companies is a significant step to partnering with the “best in class” firms as part of benefitsConnect growth plans. The acquisition will enhance the value of services offered to our Kingston and surrounding area clients through technology, value added services, advice and innovation in the employee benefits marketplace. “The advice, attention to detail and service which Debra and Richard Dobing provide our clients, in Kingston, is unmatched in the industry. We are glad to have them as part of our team at benefitsConnect,” said Paul Crossdale, President, benefitsConnect.

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Founded in 2001, benefitsConnect

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World Insurance Associates Acquires Airways International Insurance Services LLC of Mickleton, NJ

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World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Airways International Insurance Services LLC (AIIS) of Mickleton, New Jersey, on May 1, 2020. Terms of the transaction were not disclosed.

Alex Morris founded Airways International Insurance Services in 2006, after more than 30 years of experience in the Aerospace Industry. AIIS offers a wide array of products and services for the Aviation and Marine industries, in addition to sound professional advice and contract reviews. Alex and the AIIS team are licensed pilots with over 65 combined years of industry and professional underwriting experience.

“We are thrilled to welcome Airways International Insurance Services to our organization,” said Rich Eknoian, CEO and Co-Founder of World Insurance Associates LLC. “Alex and his team bring tremendous expertise in a new industry for us, and we look forward to working together.”

Alex Morris states, “It’s exciting to partner with

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Senior Market Sales Expands National Reach, Joins Alliant Insurance Services | Nachricht

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OMAHA, Neb., July 29, 2020 /PRNewswire-PRWeb/ –Senior Market Sales® (SMS), one of the industry’s premier insurance marketing organizations, has entered into a strategic agreement to be acquired by Alliant Insurance Services, Inc., one of the nation’s largest insurance and employee benefits consulting firms. The partnership positions Senior Market Sales to continue its rapid growth and expands the reach of SMS’ premier health and wealth platform through Alliant’s extensive distribution channels.

“With this deal, you have the premier national insurance marketing company in the senior market joining forces with one of the nation’s leading names in employee benefits,” said Jim Summers, President of SMS. “We’re going to leverage the strengths of both companies to create a unique new model in insurance distribution and maximize the resources available to our agents and partners.”

Alliant has a 95-year legacy of providing risk management, insurance, and consulting services to thousands of clients

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benefitsConnect Acquires Strategic Benefits & Insurance Services Ltd.

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TORONTO, July 31, 2020 /CNW/ – benefitsConnect an employee benefits consulting firm is proud to announce, effective August 1, 2020, the 100% share purchase of Strategic Benefits & Insurance Service Ltd. headquartered in Kingston, Ontario. A soft launch has been ongoing since February 1, 2020.

This merger of two great companies is a significant step to partnering with the “best in class” firms as part of benefitsConnect growth plans. The acquisition will enhance the value of services offered to our Kingston and surrounding area clients through technology, value added services, advice and innovation in the employee benefits marketplace.  “The advice, attention to detail and service which Debra and Richard Dobing provide our clients, in Kingston, is unmatched in the industry. We are glad to have them as part of our team at benefitsConnect,” said Paul Crossdale, President, benefitsConnect.  

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Founded in 2001, benefitsConnect

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IBM Cloud for Financial Services Initiatives Help Banks Adopt Cloud

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The public cloud can fit any number of use cases, but for IBM a key focus is enabling financial services to adopt the cloud.

On July 22, a series of new IBM Cloud for Financial Services initiatives were announced, in an effort to ease the path to broader cloud deployments by organizations in the financial services industry. In aggregate, the new efforts are about better enabling compliance security and resiliency for financial services firms looking to run workloads in the cloud. Among the new components are the IBM Cloud Policy Framework for Financial Services, the Financial Services Cloud Advisory Council and a new IBM Cloud Security and Compliance Center.

“During the global pandemic, we’ve definitely seen that there is a really urgent call in the industry for businesses to shift their operations and the ways that they engage

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AM Best Affirms Credit Ratings of Associated Electric & Gas Insurance Services Limited

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AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Associated Electric & Gas Insurance Services Limited (AEGIS) (Hamilton, Bermuda). The outlook of the Credit Ratings (ratings) is stable.

The ratings reflect AEGIS’ balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

AEGIS’ strategy emphasizes risk diversification and a relatively conservative approach to capital preservation. This diversification is achieved through the successful combination of its energy mutual operations in the United States with Lloyd’s Syndicate 1225 in uncorrelated lines of business. These favorable rating factors partially are offset by the periodic unfavorable loss experience in certain lines of business over time. Management continues to focus on the company’s operating performance by improving its risk management strategies, including premium rate adjustments, continued refinement of its underwriting

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Oman’s first online platform to provide insurance services launched

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Muscat: A press conference was held to announce the official launch of Oman’s first online platform to provide insurance services. The name of this platform is ‘Bima’ and it can be reached by the URL. 

The platform allows the customers to insure their vehicles directly through the site by presenting them with various offers from multiple insurance companies, the offers are instant and visitors can proceed to pay within minutes. Bima also provides a practical comparison between the benefits of each insurance policy and makes the addition of extra coverage, such as extending the geographical area, easy and clear.

Regarding the subject, Eng. Said bin Nasser Al Rashdi, Founder of Insurance House, the owner and developer of the platform, said, “We are glad to launch “Bima” platform, a trial “soft” operation for a few months. “Bima” platform is now ready to take on a large number of customers, with operations

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Fusco & Orsini Insurance Services Strengthens Relationship with Bold Penguin | Ohio

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COLUMBUS, Ohio, July 23, 2020 /PRNewswire/ — Fusco & Orsini Insurance Services, a large California-based independent insurance agency, is the latest in a string of agencies that have chosen to expand their relationship with Bold Penguin, a rapidly growing commercial insurance technology provider.

“We share a devotion to preserving the ‘human touch’ in commercial insurance,” said Marc DeLeonibus, cofounder of Bold Penguin. “Our platform supports the existing process by empowering agents like Fusco with technology that makes the process of triaging, quoting and binding commercial insurance more efficient.”

Fusco & Orsini has leveraged Bold Penguin’s Exchange in a rules-based tool to write commercial insurance quickly, accurately and more profitably than previously possible. Information on a risk is entered through a single application, carriers can be ranked, coverage can be organized, and bindable quotes will appear consistently across the entire organization sourced by Bold Penguin or Fusco’s organic

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Lamb Insurance Services Acquires Prestige Insurance Agency of North Carolina

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Lamb Insurance Services has acquired Prestige Insurance Services, effective July 1, 2020. Gene Dennis, managing client executive of Prestige, and his team will join the company with a focus on expanding service to the nonprofit and social service organizations in the Carolinas, Georgia and Virginia.

According to Josh Lamberg, CEO, Lamb Insurance Services, the Prestige team has more than 17 years’ experience with nonprofit and social service organizations, including several of the country’s top historically Black colleges and universities.

Dennis said Lamb Insurance Services’ has the same future-focused growth strategy centered on improving the products, services and technologies offered to nonprofit and social service organizations.

Lamb Insurance Services Lamb Insurance Services is headquartered in New York, N.Y. with offices in or near major cities around the country. Lamb’s focus is serving the nonprofit and social service organizations.

Prestige Insurance Agency Headquartered in Charlotte, N.C., Prestige Insurance Agency is licensed throughout

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Allsup Names Rob Sokol to Healthcare Insurance Services Role

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Belleville, Illinois, July 20, 2020 (GLOBE NEWSWIRE) — Allsup, a nationwide provider of disability representation, employer benefits and return to work services, has named industry veteran Rob Sokol as Director of Business Development, Healthcare Insurance Services.

Sokol, who will be based in the Boston area, will focus on bringing the company’s private and public healthcare insurance benefits services to self-insured employers, benefits managers and employee benefit consultants. This includes the Allsup Benefits Coordination service, which provides customized solutions for employers and their full- and part-time employees eligible for Medicare, Social Security Disability Insurance, Medicaid and other insurance benefits.  

Sokol’s management career has focused on delivering both financial (structured settlement planning and special needs trusts) and healthcare (Medicare Secondary Payer compliance) solutions to the casualty insurance industry, working with carriers, third-party administrators and self-insured employers.

Sokol previously directed Allsup’s Medicare Secondary Payer Compliance service for seven years and was instrumental in

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