BOXX Insurance | February 22, 2022
Toronto-based global insurtech BOXX Insurance announced the appointment of Phil Baker as President of BOXX Canada. Baker will also be responsible for delivering BOXX's insurance strategy globally as its Global Head of Insurance.
Prior to joining BOXX, Baker headed Beazley Canada where he was board chairman and head of broker relations. Baker joined Beazley when it acquired Creechurch Underwriters, where he was President and CEO of the highly regarded MGA that focused on insuring risks in the emerging technology space. Before joining Creechurch, Baker headed the financial and professional lines business unit for Travelers Canada.
"The rapid pace and acceleration of digitization is creating digital uncertainty of seismic proportions. Nowhere is this felt more than by everyday businesses and consumers who have historically been ill-served by insurers. The opportunity to help democratise access to both cyber insurance and digital protection through BOXX's all-in-one platform is incredibly exciting."
-Phil Baker as President of BOXX Canada.
"Phil will play an integral role in expanding relationships with the insurance brokers that fuel our business in Canada," said Vishal Kundi, BOXX's CEO and Co-Founder. "Under Phil's technical leadership, we can step up the pace to enhance and extend our insurance products to meet the demands of partners and customers we are seeing across the world."
-Phil Baker as President of BOXX Canada.
BOXX also announced the addition of Zurich Insurance and Hartford Steam Boiler as new insurance providers for BOXX. Baker will manage these relationships as well as cultivate new ones as BOXX expands into selected new markets and segments.
About BOXX Insurance
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. BOXX Insurance Inc. is privately-held with headquarters in Toronto, Canada. BOXX's vision is to help businesses, individuals and families stay ahead of, respond to and recover from cyber threats, putting their digital safety first.
Progressive Insurance | May 11, 2022
Volly is pleased to announce a partnership with Progressive Insurance, one of the top 15 insurance carriers for homeowners in the United States. Volly is a leading marketing and customer engagement strategy and a cutting-edge lending technology provider. New Capital Partners (NCP) is an Alabama-based private equity firm that collaborates with niche, tech-enabled service providers in the healthcare, financial, and business services sectors.
Almost every single family requires home insurance for home purchases and mortgage refinances. In case a borrower fails to provide proof of home insurance before the loan closes, it might be possible for families to get funded. Subsequently, delays like this are costly for lenders and inconvenient for borrowers.
Customers applying for a loan through Volly's Lending Solutions platform will now have access to Progressive home insurance quotes. These quotes are based on information about clients that have already entered their loan applications enclosing their public property records.
Customers will be able to purchase or use Progressive's network to compare policies and quotes from affiliated and third-party insurers. As a result of such flexibility, borrowers will experience a more cohesive and efficient digital mortgage process. Lenders will benefit from shorter funding timelines and encounter fewer closing issues.
We are thrilled to be working with such a well-known brand as Progressive. We admire the Progressive model, which perfectly complements Volly's Lending Solutions platform. This one-of-a-kind integration provides clients with insurance quotes with a single click, making it easier to close their loans with much-needed peace of mind during the lending process."
Volly CEO Jerry Halbrook.
DL Holdings Group Limited | February 21, 2022
On 16 February 2022, DL Holdings Group Limited ("DL Holdings" or the "Company" and its subsidiaries (together, the "Group"), Stock Code: 1709) announced that it will engage in a comprehensive partnership with YF Life in the next three years. YF Life Innovation Strategic Partnership Conference was held in Hong Kong, which explored new opportunities and laid the foundation for YF Life in terms of business development, talent acquisition, advancement in business positioning and brand influence. DL Holdings is the only strategic partner in wealth management and investment in this Strategic Partnership Conference. The two companies will jointly explore and expand client base in the Asia-Pacific region and provide a spectrum of bespoke services ranging from insurance, investment, family office to asset management for high-net-worth clients and their families.
"YF Life operates on the client-oriented principle that prioritizes clients' need and satisfaction. We strive to provide up-to-date insurance products and will make every effort to provide safe and robust services in legacy planning and asset management. Through a 'strong, refined, fast, intelligent, and broad' business approach, we partner with prominent institutional partners to expand YL Life's circle of friends and influence. DL Holdings is a well-known listed investment and asset management company in Hong Kong with over a decade of experience and a solid client base in family office services. We believe DL Holdings will bring new opportunities and advancement to YL Life's family office and investment business."
-Dr. Zhang Ke, Managing Director and Chief Executive Officer of YF Life
"Insurance is a fundamental part and the most important protection in wealth management, especially in legacy planning. Therefore, the first thing we do for all our family clients is to curate appropriate insurance products that most suit their needs. As one of our trusted insurance partners, YF Life is one of the best insurers in terms of branding, quality of products and convenient customer services. Our strategic partnership with YF Life will not only bring a substantial enhancement in our bespoke insurance products and underwriting services but will also broaden our high-net-worth client base and catalyze the expansion of our AUM."
-Mr. Andy Chen, Chairman of the Board of Directors and Chief Executive Officer of DL Holdings
The listed company of DL Holdings recorded a profit over HK$ 200 million in the fiscal year of 2021. DL Holdings group engages in a spectrum of financial businesses including family offices, securities investment and private equity funds, and the total amount of assets under investment and consulting management has exceeded US$ 3 billion. Under the effect of market fluctuations and changing policy environment, DL Holdings exhibits stable and robust investment strategies and excellent risk control. According to the strategic partnership agreement, DL Holdings will provide multi-family office and securities investment services for YF Life with a focus on services that are not covered by traditional private banks and investment institutions such as alternative investment, asset management, identity planning, offshore trust, education, and philanthropy for YF Life's high-end clients. Both companies have agreed on sharing model on client resources and profit and will seek a sustainable and stable long-term partnership through interaction of the two brands and media support.
On the Strategic Partnership Conference, YF Life also signed strategic partnership agreements with Bauhinia Think Tank, Hong Kong University of Science and Technology Business School, Jinan University and Bauhinia Magazine to promote the comprehensive new upgrades of the YF Life from strategic planning, talent development, social responsibilities, and media communication perspectives.
About DL Holdings Group Limited
DL Holdings Group Limited is listed on the main board of the Hong Kong Stock Exchange (stock code: 1709.HK). Founded in 2011, DL Holdings' parent company is headquartered in Hong Kong with offices in Shanghai, San Francisco, Singapore and Tokyo. DL Holdings Group is a full-licensed financial services and investment group focusing on serving Hong Kong's small and medium market cap growth listed companies and founders' families. DL Holdings' total assets and investment under management exceeds USD 3 billion currently, including USD 1.4 billion under DL Family Office's management.