Gallagher | June 28, 2022
Arthur J. Gallagher & Co. announced today the acquisition of INNOVU Group Holding Company Limited, based in Wexford, Ireland ("INNOVU Insurance"). The transaction's terms were not disclosed.
INNOVU Insurance, founded in 2018 by Ronan Foley, is a retail insurance broker that provides a wide range of commercial and personal insurance products and services, as well as financial services, to clients in various industry sectors from seven offices across Ireland. Ronan Foley and his colleagues will remain in their current locations and report to Michael Rea, who oversees Gallagher's retail property and casualty brokerage operations in the UK and Ireland.
INNOVU gives us our first on-the-ground presence in Ireland and a fantastic opportunity to expand in this growing economic region, We are delighted to welcome Ronan and his colleagues, and look forward to working with them to further expand their client base and service offerings."
J. Patrick Gallagher, Jr., Chairman, President, and CEO.
The headquarters of Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management, and consulting services firm, are in Rolling Meadows, Illinois. Gallagher offers these services in 130 countries via its operations and a network of correspondent brokers and consultants.
Liberty Bankers Insurance Group | August 02, 2022
Liberty Bankers Insurance Group, a nationally recognized provider of life, health, and financial products, today announced the launch of an Agent Portal for its Home Service, PreNeed, and Supplemental Health lines of business.
"Combining our high-touch, personalized service with a robust online Agent Portal, the LBIG team is available for support when agents need it, We are pleased to introduce a new way for our agents to engage with the LBIG team to grow and manage their business."
- Marty Martin, President at Liberty Bankers Insurance Group.
With LBIG's Agent Portal, contracted agents have online access to relevant information, resources, and reports that they need to manage their LBIG book of business. The site provides easy access to agent and client information including policies, documents, reporting, commissions, and product specifications.
LBIG's Agent Portal simplifies the way our agents do business, In this competitive marketplace, data visualization is critical to thriving and our new Agent Portal gives our agents the tools to better understand their client portfolio.said David Kessler, senior vice president of technology at Liberty Bankers Insurance Group.
The Agent Portal features a dynamic dashboard that provides secure access to key performance indicators and metrics for an agent's business and downline agents.
At LBIG, we strive to meet agents' digital needs, Whether working from home, the office, or the road, the Agent Portal is right at your fingertips allowing agents to quickly and efficiently access information related to their clients and business.said Brian Clark, chief marketing officer at Liberty Bankers Insurance Group.
Liberty Bankers Insurance Group plans to implement this technology to its other business lines in the future.
About Liberty Bankers Insurance Group
Based in Dallas, Texas, Liberty Bankers Insurance Group (LBIG) is a nationally recognized and respected insurance group that offers a variety of life, health, and financial products. Rated A- Excellent by AM Best, LBIG is comprised of American Monumental Life Insurance Company, American Benefit Life Insurance Company, Capitol Life Insurance Company, and Liberty Bankers Life Insurance Company.
Vertafore | June 30, 2022
The latest acquisition by the InsurTech industry leader, Vertafore, brings top-tier industry talent and two market-leading MGA solutions into the fold.
Vertafore, the industry standard in cutting-edge insurance technology, announced that it had acquired MGA Systems, the industry's preeminent developer of MGA-specific software.
MGAs need solutions that can keep up with their fast-paced business needs as they seek to diversify into new niche markets and keep their current client. Vertafore's suite will be expanded to include policy administration and rating solutions thanks to MGA Systems' acquisition. This enhances Vertafore's existing MGA offering and gives these critical players in the independent insurance channel a leg up in entering the new markets and rapidly deploying products for their customers.
MGA Systems offers two industry-leading solutions. IMS is a management system with policy administration and back-office functionality, and NetRate is an ISO-based rating platform. These solutions have helped MGA Systems customers accelerate product time to market by integrating industry and technology knowledge. Vertafore is committed to expanding MGA Systems' customization and open architecture, which are key to customer success.
As the MGA market continues to grow, it is more important than ever for MGAs to have integrated technology solutions that strengthen their ability to make informed risk and pricing decisions, MGA Systems has been at the forefront of the industry's work in this area, I am very pleased to welcome the MGA Systems team into the Vertafore family, along with the wealth of talent, passion, and expertise they bring."
Vertafore's CEO Amy Zupon.
Together, MGA Systems and Vertafore's already-extensive MGA management system (AIM™) form the industry's most robust and feature-rich software suite.
After acquiring AgencyZoom™, Vertafore has taken the next step toward its goal of simplifying and automating its products and services across the entire insurance distribution channel by acquiring MGA Systems.