Hub International acquires New York-based JW Retirement Group

Hub International | November 21, 2019

Chicago, Illinois-based insurance broker Hub International has acquired JW Retirement Group, a New York-based brokerage services and investment advisory firm for an undisclosed amount. Based on Long Island, New York, the business was being run by William Peragine III and John Biondo. The firm offers services to organisations under retirement plans and to wealth management clients using its customised and client-centric approach. Hub retirement and private wealth national president David Reich said: “Both Bill and John’s depth of knowledge and the loyalty they have been able to foster with their clients will make them great additions to the Hub family.” Peragine and Biondo will join Hub Northeast and will work with Reich. They will also collaborate with Hub Northeast president and CEO Paul Collins. Peragine said: “We’re extremely excited to join the team. Hub’s dedicated commitment to employee benefits fits well with our mission. The Hub team has already started to embrace and work with us.”

Spotlight

Digital claims processing offers significant benefits for both insurers and their customers. Based on this assumption, Post and PayPal held a roundtable to explore how the sector can keep up the momentum, and discuss what might be considered as a best-in-class experience for an online claims journey.

Spotlight

Digital claims processing offers significant benefits for both insurers and their customers. Based on this assumption, Post and PayPal held a roundtable to explore how the sector can keep up the momentum, and discuss what might be considered as a best-in-class experience for an online claims journey.

Related News

CORE INSURANCE,INSURANCE TECHNOLOGY

The Hanover Announces the Launch of its Small Business Digital Exchange Gateway

The Hanover | December 13, 2022

The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has launched The Hanover Small Business Digital Exchange Gateway, an innovative collection of insurtech platforms that enable agents to access The Hanover directly through existing connections in their commercial lines quoting solutions. The Small Business Gateway supports The Hanover's agent partners in their desire to enhance agent-carrier connectivity and streamline the small business placement process. The new solution supports both standard and specialty lines, and is accessible through seven third-party partnerships – IVANS Distribution Platform, Applied Epic Quotes, Tarmika, Semsee, Vertafore, Insureon and Verisk. Currently, the Small Business Gateway is available for business owner's, workers' compensation and management liability policies in many of the company's commercial lines states, with plans to expand to professional liability lines over the next year. "We recognize the operational challenges our agents face as they work to place business and serve their customers, and we have been very thoughtful about how technology can help them transact business in a more efficient and effective way, This new capability complements our existing TAP Sales system, which provides direct access to The Hanover's small commercial, marine, and professional and management liability products. Agents now have a choice to either access The Hanover directly through TAP Sales, or utilize the new Small Business Gateway, offering great flexibility and ease of use." -Richard W. Lavey, president, Hanover Agency Markets The company plans to expand the Small Business Gateway to include additional product lines, making it even easier for agents to efficiently place more account business. About The Hanover The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items.

Read More

CORE INSURANCE, INSURANCE TECHNOLOGY

PCF Insurance Services Acquires Oak Point Risk Advisors

PCF Insurance Services | February 02, 2023

On February 1, 2023, PCF Insurance Services informed that it has acquired Oak Point Risk Advisors, a risk management and insurance agency for the construction, gas, oil, and maritime industries, to expand its capacity. This integration will bring a collaborative experience, an extended relationship with local clients, and accelerated coverage, pricing, and financial solutions for unique business risks. The reason behind its success is its data-driven strategies, innovation, standard practices, entrepreneurial mindset, strong local relations, and best customer experience. Its Agency Partners will harness its strong market, shared services, and more possible solution choices for clients. Founder, Chairman, and CEO of PCF Insurance, Peter C. Foy, said, "We are excited to welcome Oak Point Risk Advisors to our PCF Agency Partner network." He further added, "Oak Point is a growing agency with a unique and deep understanding of the risks businesses along the Gulf Coast face, and their expertise in mitigating risks in the hazardous industries that they serve will be invaluable to our partner network." (Source – Cision PR Newswire) President of Oak Point Risk Advisors, Ronny Sternfels, said, "At our very core, Oak Point Risk Advisors is a client service organization that prides itself on being a trusted advocate for our clients." He further added, "By joining the PCF Agency Partner network, we are empowered to build upon and expand our risk management and insurance packages to protect the workforce and business continuity of our clients." (Source – Cision PR Newswire) About PCF Insurance Services PCF Insurance Services is a brokerage, risk management, and insurance services company that, through its Agency Partner network, has provided unparalleled financial solutions to its clients since 1987. It works in the fields of travel insurance, captive insurance, transportation insurance, home and auto insurance, professional liability insurance, marine insurance, sports and entertainment insurance, risk management, cyber liability, employee benefits, general and excess liability insurance, agriculture and crop insurance, commercial insurance, natural catastrophe insurance, shared services, an insurance agency network, mergers and acquisitions, workers' compensation, property, casualty, and surety bonds.

Read More

CORE INSURANCE,INSURANCE TECHNOLOGY

Alera Group Acquires the Ascent Group for $3 Billion

Alera Group | January 05, 2023

Alera Group, a national insurance, wealth, and retirement plan services provider, has acquired The Ascent Group and allied firms. The deal adds $1.5 billion to Alera Group Wealth Services' RIA business and $1.3 billion to Alera Group Retirement Plan Services. The Summit Group in Virginia and Walsh & Nicholson Financial Group in Pennsylvania are connected to the Ascent Group. The Ascent Group has 42 employees, 15 of whom are financial advisors. By the end of 2022, Alera Group Wealth Services had $7.5 billion in assets, which included $1.5 billion in RIA assets and about $6 billion in AUM. One of the most fundamental components of the Ascent Group's investment infrastructure is the turnkey asset management program (TAMP), which was created to lower the overall client expenses by bringing crucial operations in-house and eliminating vendors. According to Alera Group, The Ascent Group is a good fit for the company's strategy of providing synergies and strategic benefits across its employee benefits and property and casualty verticals. It lets the company offer more complete solutions to clients, which can really help plan sponsors and participants come together. The organization is delighted to have the team join its expanding division in a role that will serve as a cornerstone. Meanwhile, the terms of the transaction were not disclosed. About Alera Group Alera Group serves thousands of clients, offering various services such as employee benefits, P&C, wealth, and retirement plans. It merged 24 dynamic US offices. The organization blends national experience and resources with local, tailored service. It is the nation's 7th largest privately-held employee benefits firm, 15th-largest independent insurance agency, and 16th-largest privately-held insurance firm.

Read More