Worldwide Facilities | June 11, 2020
Worldwide Facilities has acquired Strategic Underwriting Solutions (SUS).
SUS is a managing general underwriter focused on full service medical stop-loss insurance.
SUS also offers program risk management and product development services to its consulting clients.
Worldwide Facilities has acquired Strategic Underwriting Solutions (SUS), marking its first step into the life & health insurance market.
SUS is a managing general underwriter focused on full service medical stop-loss insurance. Founded in 2006, the firm is entrusted with full underwriting authority for medical stop-loss insurance for high quality insurance and reinsurance markets. SUS also offers program risk management and product development services to its consulting clients.
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The firm is led by SUS president and CEO Vicki Schmelzer.
We are pleased to have Vicki and the entire SUS team join Worldwide Facilities as we diversify into the wholesale benefits business, SUS’s successful track record of developing customized benefit programs on behalf of carriers and reinsurers allows us to expand our product offerings and value proposition to our retail customers.
- Worldwide Facilities CEO Davis Moore.
We are very excited to join the Worldwide Facilities team, allowing us to carry forth our mission with integrity, while providing superior risk management solutions to our carriers and special market clients, We are proud to continue contributing to the industry, while gaining synergy through a very accomplished team of insurance professionals at Worldwide Facilities.
- SUS president and CEO Vicki Schmelzer.
Earlier this week, Worldwide Facilities announced its acquisition of Royal Oak Underwriters in Richmond, VA. Royal Oak is an excess and surplus lines insurance wholesaler, specializing in property, general liability, professional liability, commercial auto, ocean & inland marine, and personal lines.
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AboutWorldwide Facilities
Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter. We offer property, casualty, professional and personal lines products as well as specialty programs to insurance agents and brokers nationwide. With any given opportunity we dedicate our best resources, knowledgeable staff and high standards to exceed expectations.
AboutStrategic Underwriting Solutions (SUS)
Strategic Underwriting Solutions, LLC (SUS) was formed to offer high quality health insurance underwriting provided as an outsource service to insurance companies, Third Party Administrators (TPA), Managed Care Organizations (MCO) and other risk taking entities, such as Multiple Employer Welfare Associations (MEWA). SUS was established to respond to a market need for TPA's, insurers, and MCO's considering entry into new products where they have all the pieces in place, e.g. efficient processing, distribution, clinical expertise, all of the needed positive factors except for highly qualified and capable medical underwriting and risk taking management.
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INSURANCE TECHNOLOGY
C&J Financial | October 15, 2021
GoodTrust and C&J Financial are excited to announce a new partnership that helps pre-need and at-need families easily and securely take care of their digital legacy.
"Grieving families shouldn't need to worry about preserving the priceless online content of their loved ones, We also want to allow any C&J clients to plan ahead so their legacy is treated according to their wishes."
- Rikard Steiber, CEO and founder of GoodTrust, the leading digital legacy and end-of-life planning platform.
The partnership offers all new and existing C&J Financial clients, at no cost, the GoodTrust Premium Plan for 3 months with a free will-maker-tool and VIP service to take care of accounts like Facebook and LinkedIn after someone passes away.
GoodTrust also makes it possible for anyone to secure their online life with a digital vault. Users can also create their will for free in less than 15 minutes and share stories and memories like animated photos or Future Messages.
"We are thrilled to be partnering with GoodTrust to help our clients take care of this important need in today's connected world by ensuring their digital legacy,"
- Jamie Meredith, Executive Vice President, C&J Financial.
Funeral homes will be able to activate this offer for their families starting on Oct. 20 at the 2021 National Funeral Directors Association (NFDA) International Convention and Expo in Nashville, TN.
About C&J Financial
Founded in 1996, C&J has become the largest provider of insurance assignment funding in North America. For a quarter of a century, C&J and it's affiliates have been providing financial and administrative solutions to the funeral industry and have funded 735,000+ funerals providing more than $4.4 billion in assignments to thousands of funeral homes and cemeteries. C&J currently funds in excess of 56,000 funerals and provides $415,000,000+ in assignments to more than 3,000 funeral homes and cemeteries annually.
About GoodTrust
GoodTrust is the leading digital legacy and end-of-life planning platform. It allows anyone to manage memories and digital assets for the "afterlife," designate who should have access, and create innovative ways to connect the stories of the past with the future. GoodTrust also helps families who have lost someone take care of the deceased person's digital assets through memorialization, asset management or shutting down accounts. The GoodTrust will-creation tool is free and only takes 15 minutes.
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CORE INSURANCE
PayCloud.io | May 27, 2021
PayCloud.io is pleased to introduce a digital payment platform specialized for insurers and MGAs to fulfill the continuously expanding need for digital payment solutions. While the name payCloud.io is new, the core systems and team have been in the insurance industry for over two decades. PayCloud.io spun out of insurance software pioneer Silvervine Software, uses the same forward-thinking digital payment technology as Silvervine Software, but with a dedicated payment focus.
PayCloud.io provides a comprehensive suite of modern payment solutions, each of which provides a safe, convenient, and user-friendly customer experience. Its efficient digital payment systems allow insurers to receive payments as well as initiate a wide range of outbound payments to insureds, claimants, vendors, and others. payCloud.io allows premium payments both online and by phone. The company, which is ultra-secure and always reliable, achieved 99.99% uptime in 2020 and the previous five years.
"We're pleased to formally launch payCloud.io and expand our digital payment offerings," said Timothy Cunningham, payCloud.io's director of payments. Cunningham, who has over 20 years of product and software development expertise in the insurance sector, is in charge of many new product developments that will be deployed in the coming weeks. "Because our entire payCloud.io team has prior expertise in the insurance sector, we can easily help both existing and new customers. Because we are familiar with insurance operations, structuring, and digital payment requirements, we can quickly support customers, capitalize on new digital payment opportunities, and grow within the industry."
"We are excited to offer payCloud.io, which provides customers with an expert team committed to digital payment innovation, exceptional customer support, and highly competitive rates," said Shurre Hampton, Silvervine's general manager. "Silvervine can now focus completely on developing cutting-edge insurance software to meet the rising demands of the insurance sector, due to payCloud.io. Best of all, Silvervine clients will benefit from the all-star payCloud.io team's products and services."
About payCloud.io
payCloud.io helps insurers improve their performance by providing quick, friendly digital payment experiences at the industry's lowest rates. The company provides an ultra-secure digital payment platform with inbound and outbound payment options that are also specifically tailored to the needs of insurers and MGAs. All payCloud.io solutions include simple implementation, extensive customer support, and PCI hosting for efficient risk management.
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