LIFE INSURANCE, INSURANCE TECHNOLOGY
Accesswire | May 08, 2023
Openly, the premium homeowners insurance provider, and Trellis - the technology company simplifying distribution of personal lines of insurance - announced a new partnership. Operating as an independent agent, Trellis will offer Openly's premium insurance to clients through its Savvy platform - the leading embedded insurance solution for financial institutions, fintechs, and other consumer businesses.
Openly joins an increasing number of home insurance carriers and providers leveraging Savvy to acquire profitable, long-term customer relationships with high efficiency and to pinpoint selectivity through a combination of market-leading technologies and proprietary partnerships. Savvy's partners comprise leading financial institutions, fintechs, and other distribution partners with sought-after audiences in trusted, branded contexts. For partners, Savvy simplifies insurance as a one-stop shop with "crawl, walk, run" integration options, end-to-end digital and offline customer journeys, and flexible compensation structures. For consumers, Savvy simplifies insurance by using machine learning to tailor insurance offers to meet clients' needs and by enabling users to transparently compare their existing policies side-by-side with new quotes using just their insurance login.
The partnership provides Savvy users with access to Openly's premium, straightforward home insurance. Openly provides premium insurance by delivering comprehensive coverage through independent agents.
"Trellis and Openly both offer market-leading technology - and share the mission of making insurance as simple as possible," said Ty Harris, CEO of Openly. "Our team is excited to partner with Trellis to deliver our premium home insurance through the Savvy platform."
"Since launching our digital homeowners insurance experience last year, we've curated an amazing panel of carriers to serve Savvy's national user base," said Daniel Demetri, CEO of Trellis. "We're excited to work with Openly to distribute their innovative, tech-driven products in the contexts and platforms where consumers are thinking about their finances every day."
About Openly
Openly is a premium homeowners insurance provider. Its centralized platform offers comprehensive coverage, market-leading technology, and exceptional service. Founded by industry veterans in 2017, Openly is dedicated to delivering modern and transparent homeowners insurance and empowering independent agents across America.
About Trellis
Trellis provides best-in-class, secure, digital solutions that help consumers get the most value from their insurance. The company makes it easier and safer for insurers and non-insurers to acquire and delight customers with streamlined, personalized experiences, offers, and services. Investors in Trellis include QED Investors, General Catalyst, NYCA Partners, and Amex Ventures.
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CORE INSURANCE, RISK MANAGEMENT
Businesswire | April 12, 2023
Inszone Insurance Services, a rapidly expanding national provider of benefits, personal, and commercial lines insurance, proudly announced today their acquisition of Hahn & Associates Inc.
Founded in 1999, Hahn & Associates has earned a distinguished reputation for delivering exceptional service and maintaining strong relationships with clients. Founder Phil Hahn focused on leveraging referrals and community connections to grow his business, ultimately employing five additional team members. Following his wife's stage 4 cancer diagnosis, Mr. Hahn assisted his staff in finding new opportunities while he prioritized his wife's care.
After her passing, Mr. Hahn scaled down his business, operating it as a one-person enterprise. He partnered with numerous non-profits, construction companies, and warehouses, many of which experienced financial challenges in 2008. Prioritizing relationship-building, Hahn & Associates achieved impressive client retention, with many clients remaining loyal for 10-20 years before retiring and closing their businesses.
Regarding the decision to merge with Inszone Insurance, Phil Hahn, the former owner of Hahn & Associates Inc., commented, "Inszone felt like the right fit, and their exceptional customer service made me confident in entrusting my clients to them."
Chris Walters, CEO of Inszone Insurance Services, expressed enthusiasm about the acquisition, stating, "Phil's dedication to the Denver community and his unwavering commitment to customer service are truly inspiring. We look forward to upholding this legacy as we work together to provide exceptional resources and support to every client."
Hahn & Associates Inc. is a strategic part of Inszone's ongoing expansion efforts across the United States, as it helps establish a more robust presence in Denver and its surrounding areas. Existing Hahn & Associates Inc. customers can expect to receive the same exceptional level of service they have come to know, now delivered under the Inszone Insurance brand.
AboutInszone Insurance Services
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 40 locations across California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Oregon, Texas, and Illinois, the company is looking to further expand throughout the United States.
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CORE INSURANCE, RISK MANAGEMENT
Globenewswire | April 17, 2023
World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Thomas J. Woods Insurance Agency, Inc. (“TJ Woods”) of Worcester, MA on March 1, 2023. Terms of the transaction were not disclosed.
TJ Woods was founded in 1949, and is a full-service, property and casualty agency, providing personal and business insurance.
“At TJ Woods, we truly care about our customers,” says Jack Woods, CPCU, President, Thomas J. Woods Insurance Agency. “Our customers always come first, and we want to help them make the best decisions regarding their insurance needs. We look forward to offering additional products and services to them now that we are part of World.”
“I’d like to welcome TJ Woods to the World family,” says Rich Eknoian, CEO and Co-Founder of World. “They are very well regarded and their commitment to their customers has earned them industry accolades. I look forward to their continued success as part of World.”
Giordano, Halleran & Ciesla provided legal counsel and Optis Partners advised World on the transaction. Ross Law Offices provided legal counsel to TJ Woods. No other advisors, diligence firms or legal counsel were disclosed.
About World Insurance Associates LLC
World Insurance Associates LLC (World) is headquartered in Iselin, N.J., and is a nationally ranked, full-service insurance organization providing individuals and businesses with top products and services across personal and commercial insurance, employee and executive benefits, retirement and financial services and human capital management solutions. Since its founding in 2011, World has completed over 190 acquisitions and serves its customers from more than 250 offices across the United States. World is ranked #34 on the 100 Largest Brokers of U.S. Business list by Business Insurance, ranked #3 on the Fastest Growing Brokers list by Business Insurance, ranked #3 on the Fastest Growing Benefits Brokers list by Business Insurance, ranked #24 on the Top 100 P&C Agencies by Insurance Journal, and ranked #20 on the Top 50 Personal Lines Agencies by Insurance Journal. For more information, please visit www.worldinsurance.com.
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