AXA Partners seals long-term insurance deal with Monzo

AXA | July 19, 2019

AXA Partners seals long-term insurance deal with Monzo
UK-headquartered challenger bank Monzo has teamed up with AXA Partners. In an announcement by the AXA unit, it said it has sealed a long-term deal that will see it provide comprehensive travel insurance to customers with a Monzo Plus account, which was introduced in April. The account offers extra features, including optional travel insurance for an additional monthly fee. The policy underwritten by AXA Partners covers medical bills, lost valuables, trip cancellation costs, and winter sports. Coverage for families is also available. “We asked our community of users what features they wanted Monzo Plus to include and travel insurance was clearly the top choice,” noted Monzo co-founder Jonas Templestein.

Spotlight

This document provides a summary of the key information relating to this insurance policy. Complete precontractual and contractual information on the product is provided in the full policy documentation. What is this type of Insurance?  This insurance provides cover for unforeseen costs surrounding the use of a mobility scooter or wheelchair. Your policy schedule will show the limits and covers that will apply to your policy.

Spotlight

This document provides a summary of the key information relating to this insurance policy. Complete precontractual and contractual information on the product is provided in the full policy documentation. What is this type of Insurance?  This insurance provides cover for unforeseen costs surrounding the use of a mobility scooter or wheelchair. Your policy schedule will show the limits and covers that will apply to your policy.

Related News

Church Mutual Insurance launches vendor program with SafelyYou to increase use of fall technology, offset rising insurance rates

Cision PR Newswire | August 24, 2020

Church Mutual Insurance Company, S.I. (a stock insurer)1 is launching a preferred vendor program with SafelyYou to introduce revolutionary fall prevention technology to its memory care customers. This technology will ultimately decrease fall risks, emergency room visits and the long-term cost of insurance premiums. Our research shows that SafelyYou's memory care-focused technology reduces resident falls by an average of 40%, so we are excited to share this game-changing technology with our senior living customers," said Jim Ketterson, Director – Special Business Unit/Senior Living for Church Mutual®. "By accelerating the adoption of the technology, our goal is to help keep professional liability loss costs down and offset increasing insurance rates. Once our customers get to experience the technology in action, we are confident they will be interested in deploying it more fully throughout their communities.

Read More

LIFE INSURANCE

MassMutual Accquires the Great American Life Insurance Company

American Financial Group, Inc. MassMutual | May 31, 2021

Massachusetts Mutual life insurance Company announced today the completion of the previously announced acquisition of American Financial Group, Inc.’s wholly-owned subsidiary, Great American life insurance company, and other subsidiaries and affiliated entities, for a purchase price of approximately $3.5 billion. “We are excited to welcome Great American Life to MassMutual and to assist build on its outstanding leadership position in the annuity market,” said Roger Crandall, Chairman, President, and CEO, MassMutual. “This acquisition immediately broadens our product offerings, further diversifies our distribution capabilities and generates additional earnings – enabling us to assist even more people in securing their future and protecting the ones they love.” The acquisition includes Great American Life and its two insurance subsidiaries, Annuity Investors life insurance Company and Manhattan National life insurance Company, as well as a broker-dealer affiliate, Great American Advisors, Inc., an insurance distributor, AAG Insurance Agency, Inc. With the completion of this acquisition, MassMutual, is among the top five individual annuity writers in the U.S.1. Great American Life will operate as an independent subsidiary of MassMutual led by its current president, Mark Muething, who will report to Mike Fanning, head of MassMutual U.S. Its more than 600 employees will continue to support the business and remain headquartered in Cincinnati. “Today marks a new beginning for great American Life as we join MassMutual to make an even greater impact serving the millions of Americans who need our help in building financial security,” said Mark Muething, President and Chief Operating Officer of Great American Life. “This transaction strengthens our position as a leading U.S. annuity company, enhances our ability to deliver compelling solutions for our policyholders and distribution partners, and positions us for future growth with a company that’s committed to our success.” Fanning, who will oversee the great American Life business, added, “Our goal is to ensure a seamless transition for great American Life’s employees, clients, and partners. we look forward to working together with Great American Life to reach more customers in need of lifetime income solutions and deliver ongoing value to our policy owners and customers.” Debevoise & Plimpton LLP served as legal counsel to MassMutual. Skadden, Arps, Slate, Meagher & Flom LLP, and Keating Muething & Klekamp PLL served as legal counsel to AFG. About MassMutual MassMutual is a leading mutual life insurance company that benefits its members and participating policy owners. Founded in 1851, the company has been continually guided by one consistent purpose: we help people secure their future and protect their loved ones. With a focus on delivering long-term value, MassMutual offers a wide range of protection, accumulation, wealth management, and retirement products and services. For more information, visit massmutual.com. About American Financial Group, Inc. American Financial Group is an insurance company based in Cincinnati, Ohio. Through Great American Insurance Group operations, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American insurance company.

Read More

CORE INSURANCE

Oakbridge Insurance Continues Expansion Through New Partnership with Snider Killingsworth Insurance & Risk Management

Oakbridge Insurance | September 17, 2021

Oakbridge Insurance Agency LLC (Oakbridge), one of the largest independent insurance and risk management agencies in the Southeast, today announced a new partnership with Snider Killingsworth Insurance & Risk Management (Snider Killingsworth) based in Griffin, Georgia. The partnership strengthens Oakbridge's footprint in Georgia, particularly within the growing Metro Atlanta region, and sets the stage for continued expansion in the Southeast. The partnership provides both firms with access to a broader pool of resources, industry knowledge, and niche expertise across several specialty insurance offerings, such as specialized construction, non-profit, transportation and logistics, and retail. We are excited for our partnership with Snider Killingsworth and how the combination provides expanded expertise and resources for our clients, At its core, our purpose is about helping people and we do that through providing our clients with the highest levels of service and expertise. By combining forces with Snider Killingsworth, we increase our ability to strategically support our clients with an expanded offering of solutions while also strengthening our already deeply rooted presence in the Griffin community. - Oakbridge CEO Robbie Smith. Founded in 1947 by Otis M. (Pete) Snider Jr., and purchased by Terry L. Killingsworth in 1983, Snider Killingsworth has long been known for excellence in client service, from listening attentively to client needs to providing comprehensive, straightforward, and thoughtful independent risk management solutions to advocating for client interests. In addition to aligning with Oakbridge's values and culture, the firm's existing carrier relationships and industry practice areas are a great complement to Oakbridge's offerings. We are thrilled to become an Oakbridge partner and look forward to the growth and momentum that's ahead for our organization. This partnership will allow us to share best practices, create greater efficiencies and deliver even higher levels of value for our clients. - Snider Killingsworth CEO Terry Killingsworth. As an Oakbridge partner, Snider Killingsworth will maintain its office in Griffin, Georgia. About Snider Killingsworth Insurance Agency Snider Killingsworth is an independent insurance agency in Griffin, Georgia, that has been serving businesses, individuals and families in the southeast since 1947. Snider Killingworth offers personal and business insurance as well as general risk management and is affiliated with the Independent Insurance Agents & Brokers of America (IIABA) and its Trusted Choice program, as well as with the National Association of Professional Insurance Agents (PIA).. About Oakbridge Insurance Agency Founded in 2020 through the merger of four leading insurance and risk management firms in the Southeast, Oakbridge Insurance Agency LLC is a rapidly growing partnership model for firms seeking accelerated growth, access to capital and an expanded suite of resources with which to serve clients. Ranked a "Top 100" insurance brokerage by Business Insurance and Insurance Journal magazines, Oakbridge is now one of the largest privately owned insurance, risk management, and employee benefits agencies in the region. The agency has specific experience in the agriculture, bond/surety, construction, financial, health care, manufacturing, municipalities, non-profit, senior living and transportation industries.

Read More