CORE INSURANCE

Hub International Strengthens Healthcare & Construction Insurance Capabilities With Acquisition Of The Assets Of Eaton-Provident Group In Arizona

Hub International Limited | October 08, 2021

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of Eaton-Provident Group, LLC (EPG Insurance). Terms of the transaction were not disclosed.

Located in Scottsdale, Arizona, EPG Insurance is a property and casualty insurance firm serving businesses, families and individuals. EPG Insurance specializes in various industries, including senior living and construction, which supports Hub's Specialty practices by complementing and strengthening its existing capabilities.

EPG Insurance's keen understanding of the insurance business, their broad and multidisciplinary experience, and our shared culture and values makes them an ideal addition as we continue to grow in the region and guide clients,

- Randy Perkins, President of Hub Southwest.

EPG Insurance Principals Tim Schmidt, Greg Budiac and Jeff Schmidt, and the rest of the EPG Insurance team will join Hub Southwest.

We are committed to our clients and look forward to continuing to help them protect their businesses and assets with expanded services, solutions and value through Hub,

- Mr. Tim Schmidt.

About Hub's M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.

About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.

Spotlight

Healthcare in the United States is changing rapidly. An aging population has increased demand for services and the need to manage healthcare plans and benefits. Technology is becoming a major factor both in the delivery of healthcare and payment for services. Costs continue to soar, and payers are faced with the need to keep premiums low while providing adequate coverage.

Spotlight

Healthcare in the United States is changing rapidly. An aging population has increased demand for services and the need to manage healthcare plans and benefits. Technology is becoming a major factor both in the delivery of healthcare and payment for services. Costs continue to soar, and payers are faced with the need to keep premiums low while providing adequate coverage.

Related News

CORE INSURANCE

Patriot Growth Insurance Services Meaningfully Expands in Florida With Key Acquisitions

Patriot Growth Insurance Services | January 10, 2022

Patriot Growth Insurance Services, LLC ("Patriot"), one of the country's largest and fastest-growing national insurance agencies, announces the addition of several key partners to its Florida operations, including Kolisch Marine, Depace Insurance, MacLeish Insurance, Focus Insurance Agency, Herndon Carr & Company, and Crosslet Insurance Services. These six partnerships will work within Patriot's Shapiro Insurance Group (SIG) platform, and significantly expand Patriot's expertise and capabilities throughout the Southeast region. Kolisch Marine, located in Coral Gables, specializes in marine insurance. Moving forward, Joe Kolisch and the team will share their yacht insurance expertise with Patriot's 1,300 employees across the U.S. Patriot will assist Kolisch Marine clients with a broader array of resources and services to fulfill their insurance needs. Bob MacLeish and his team join us with over 30 years of industry experience. Based in Orlando, the agency is immersed in community involvement while specializing in both personal and commercial lines. All staff will remain as SIG provides added carriers, technology, and back-office support. Located in Coral Springs, Depace Insurance provides a full array of personal lines insurance and services to its clients. Founders Joe and Susan Depace will transition to retirement while the entire professional team will continue providing their exceptional level of service. Working with Patriot, Depace will receive significant upgrades to their office automation and administrative support. Located in Plantation, Florida, Focus Insurance specializes in personal lines with a group of professionals that is fluent in five languages! The entire client service team remains to support existing and new clientele. Herndon Carr & Company have served the Fort Myers area since 1974. Reed Herndon and Thomas Carr are partners at Patriot and will play a critical role in southwest Florida through their work in personal lines, commercial lines, and employee benefits. Their entire team will remain in place, servicing existing clients and synergizing with other agencies in the region as services expand. Serving Tampa, St. Petersburg, Clearwater, and surrounding areas, Crosslet Insurance Services will provide ongoing expertise for business and residential communities. SIG broadens the carrier lineup for clients in this region while providing marketing and other essential services. "These six partner agencies joining the Patriot family represent a milestone in growing our talent and reach across the entire state of Florida, Each of these agencies and leadership teams bring a unique expertise and are closely aligned with the communities that they serve. We are beyond thrilled to welcome them to the Patriot family." -Steve Carroll, SVP of M&A for Patriot. "We're delighted to add Crosslet, Depace, MacLeish, Kolisch, Focus, and Herndon Carr to our continuously growing operations in the Florida region. Their diverse expertise and significant experience will further expand our reach and enhance our relationships throughout the Florida marketplace, We deeply value these partnerships, driving strategic priorities forward while complementing our culture and community growth." -Joel Shapiro, President of SIG. "We're thrilled to welcome these exceptional teams and their clients to Patriot as we expand our leadership in the region. They share our vision and drive for superior quality of service, making them excellent partners, We continue to search for passionate, driven and engaged agency partners like MacLeish, Depace, Focus, Crosslet, Herndon Carr, and Kolisch to share best practices and benefit from collaboration opportunities across Patriot's platform." -Matt Gardner, Founder and CEO of Patriot. About Patriot Growth Insurance Services Founded in 2019, Patriot is a growth-focused national insurance services firm that partners with employee benefits and property & casualty agencies across the United States. In its second year of operation, Patriot was ranked in the top-40 largest insurance brokers in the U.S. by Business Insurance. With over 1,350 employees operating in 110 locations across 19 states, Patriot's collaborative model delivers resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. Patriot creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot is backed by GI Partners and Summit Partners.

Read More

INSURANCE TECHNOLOGY

Pie Insurance Announces the Launch of Partner API

Pie Insurance | November 10, 2020

Pie Insurance, an insurtech having expertise in laborers' comp insurance for private ventures, today dispatched its API for accomplices. Utilizing Pie's API, accomplices who serve private companies can undoubtedly get a statement without leaving their foundation or site, further smoothing out the way toward helping their customers set aside to 30% on laborers' comp insurance. Accomplices can without much of a stretch alter their incorporation, interfacing with an assortment of endpoints including getting to Pie's craving checker, getting a value sign, or recovering a bindable statement to impart to customers. "Being able to access Pie's application without leaving their own systems means partners are able to provide their small business clients with simple and affordable coverage more efficiently than ever before," said Dax Craig, co-founder and president of Pie Insurance. "We believe opening up our API is an essential step to ensure Pie delivers an automated and easy-to-use workers' comp insurance experience." The present news follows a few advancements dispatched for accomplices in the previous a half year, including Pie's accomplice entryway, which makes it simpler for accomplice operators to present their customers for inclusion and track their status progressively. In September, Pie uncovered computerized tie demands, permitting accomplice specialists to submit solicitations to tie on qualified entries inside the accomplice entryway. The organization additionally declared it developed its accomplice channel to in excess of 1,000 retail and discount offices, speaking to an almost 200% expansion since the start of 2020. Pie's straightforward documentation and basic joining measure empower accomplices to rapidly interface their foundation or site to the API. About Pie Insurance Pie Insurance is modernizing small business insurance by automating the entire coverage experience. Pie's use of advanced analytics enables savings of up to 30% for small business owners on AM Best A- (Excellent) rated workers' comp insurance directly through its website or through partner agents. Since its founding in 2017, Pie has received $188M in funding, grown its gross written premium to over $100M, and partnered with over 1,000 agencies nationwide. Headquartered in Denver, CO and Washington, DC, Pie has been recognized by Intelligent Insurer as an Insurtech Hot 100 and as a top workplace by The Denver Post, The Denver Business Journal, and Built in Colorado.

Read More

AUTOMOBILE INSURANCE

CURE Auto Insurance Choose Guidewire InsuranceNow to Accelerate Speed-to-Market and Business Growth

CURE Auto Insurance, Guidewire Insurance | May 03, 2021

Citizens United Reciprocal Exchange (CURE), a not-for-profit full specialist organization of accident protection authorized in New Jersey, Pennsylvania, and Michigan, and Guidewire Software, Inc., the platform P&C back up plans trust to draw in, develop, and develop proficiently, today declared that CURE has chosen InsuranceNow and Predictive Analytics to speed up speed-to-market and business development. The organization intends to start carrying out InsuranceNow for their greenfield individual auto line of business in the province of Michigan, trailed by their collision protection lines of business in New Jersey and Pennsylvania. "Speed-to-showcase was a significant driver in our thought of another framework to help work with our objective of venturing into new business sectors. InsuranceNow met the entirety of our models as an adaptable, exceptionally configurable, easy to use, and affordable framework that will want to deal with that development," said Douglas Benalan, boss information official, CURE. "The cloud and across the board parts of InsuranceNow were additionally appealing to us and basic to our dynamic, as they will help our IT staff increment their effectiveness by moving upkeep and backing to Guidewire and empowering them to zero in on the crucial business goals that will speed up our development." Benalan added, "We were likewise wanting to carry out prescient examination abilities into our activities. We discovered Guidewire Predictive Analytics to be our most ideal alternative since it coordinates well with InsuranceNow to empower our group to zero in on their work as opposed to chipping away at information joining." "We are satisfied to invite CURE to the Guidewire client local area," said Frank O'Dowd, boss deals official, Guidewire Software. "We respect the organization's main goal of giving drivers in New Jersey, Pennsylvania, and now Michigan with accident coverage at a reasonable rate dependent on their driving records." About CURE Auto Insurance Settled in Princeton, N.J., Citizens United Reciprocal Exchange, (CURE) is a not-for-profit reciprocal exchange. Established in 1990 by New Jersey Insurance Commissioner James J. Sheeran and grant-winning insurance master, Dr. Lena Chang as a response to the insurance emergency in New Jersey, CURE keeps on driving the path as the not-for-profit answer for dependable drivers and the "fix" for consistently advancing collision protection issues. The fix is at present accessible in New Jersey and Pennsylvania. About Guidewire Software Guidewire is the platform P&C guarantors trust to draw in, develop, and develop productively. We join the computerized, center, investigation, and AI to convey our platform as a cloud administration. As of the finish of our financial year 2019, more than 380 safety net providers, from new dares to the biggest and generally complex on the planet, run on Guidewire. As an accomplice to our clients, we persistently advance to empower their prosperity. We are glad for our unmatched execution history, with 1,000+ fruitful activities, upheld by the biggest R&D group and accomplice biological system in the business. Our commercial center gives many applications that speed up joining, confinement, and development.

Read More