INSURANCE TECHNOLOGY
Inszone Insurance Services | July 22, 2022
Inszone Insurance Services, a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of B-W Insurance Agency, LLC.
B-W Insurance was founded in 1984 by Bev Watenpaugh who entered the insurance industry after a successful professional career operating her own preschool. The agency was created to provide needed insurance for the more difficult driver and property owners. With the addition of husband Gene Watenpaugh and daughter and current owner Kim Steffen, this family-owned agency grew in the commercial space, supporting a diverse range of business industries. B-W Insurance was able to harness the power of word-of-mouth, as happy customers referred their friends and family to the agency and helped fuel their growth.
“We are excited to bring B-W Insurance into the Inszone Insurance family, Through our acquisitions our agency has grown rapidly within the state of Colorado, we look forward to continuing to serve the state and provide additional resources and insurance options to protect all customers.”
Norm Hudson, CEO of Inszone Insurance Services
Inszone Insurance is expected to announce several acquisitions as well as new locations in the upcoming months.
About Inszone: 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 30 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.
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INSURANCE TECHNOLOGY
Piper Sandler Companies | July 06, 2022
Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the hiring of Christopher Grady. He is joining the New York office as a director in the financial services group as part of the insurance investment banking team.
“We are thrilled to have Chris join the Piper Sandler insurance investment banking team. Having worked closely with Chris over many years, we have enormous respect for his deal acumen and integrity. His experience successfully executing insurance distribution M&A transactions, in particular, is unparalleled,” said John Butler, managing director and co-head of insurance investment banking at Piper Sandler.
Grady will be focused on advising clients on strategic M&A and executing M&A and capital raising transactions for insurance distribution clients. Previously, Grady was the head of corporate development for Marsh McLennan Agency, where he was responsible for leading strategy, corporate development, principal investment and M&A activity. In his time with Marsh McLennan Agency, he completed 80 transactions including over 70 acquisitions of insurance distribution firms in the U.S. and Canada. Grady holds a Master of Business Administration degree from NYU Stern School of Business and a bachelor’s degree in finance and corporate accounting from Ithaca College.
“I’m very excited to join Piper Sandler and continue to build on the tremendous success they’ve had across the insurance industry. John Butler and George Johns have built an incredible team and I’m looking forward to bringing my expertise into the fold,” said Christopher Grady, director at Piper Sandler.
“I’m very excited to join Piper Sandler and continue to build on the tremendous success they’ve had across the insurance industry. John Butler and George Johns have built an incredible team and I’m looking forward to bringing my expertise into the fold,” said Christopher Grady, director at Piper Sandler.
The Piper Sandler insurance investment banking group is an industry thought leader providing financial advisory and capital raising services to insurance underwriters, brokers, third-party administrators and other insurance services companies. The team completed 31 M&A and strategic advisory and capital raising transactions in 2021 representing $4.0 billion in aggregate M&A deal value and $4.0 billion in aggregate capital raised.**
ABOUT PIPER SANDLER
Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Ltd., authorized and regulated by the Securities and Futures Commission. Private equity strategies and fixed income advisory services are offered through separately registered advisory affiliates.
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CORE INSURANCE
Quility Insurance | August 23, 2022
Quility, an award-winning insurtech company, announced its partnership with the National Football League Alumni Association (NFLA), one of the oldest, most well-known, and well-respected retired player organization in professional sports. During this partnership, Quility will be the official life insurance provider of the NFLA.
Through this partnership, Quility will support more than 17,000 former NFL players and members of the association with life insurance offerings and financial solutions. Quility will also offer a membership benefits savings program to association members and supporters of the NFL Alumni. MyQuility is a centralized digital membership platform with access to significant savings from more than 300K retailers and 1 million travel destinations.
"We are fired up to partner with the NFL Alumni Association as their official life insurance provider, Quility's financial products are designed to provide the best-in-class experience for our clients, and we are thrilled for the opportunity to give the best to the members of this elite organization."
-Quility Co-Founder Brandon Ellison
During Quility's national conference in August 2022, NFL Alumni Dan Marino and Terrell Davis joined Quility founders Brandon Ellison and Casey Watkins onstage to announce the partnership.
Partnering with Quility provides us with a unique opportunity to offer essential life insurance solutions to our members, We are so excited to not only provide these benefits to our NFL alumni, but also to help more families secure essential financial protection through life insurance,said Najee Goode, Director of Digital Technology and Strategic Marketing for the NFL Alumni Association.
As the official life insurance provider for the NFLA, Quility will be featured as a partner of the NFL Alumni in a number of television and radio commercials throughout the regular and post season. The partnership will launch this fall with various events and activations through 2025.
About Quility
Quility uses innovative and proprietary technology to modernize the process of qualifying for and purchasing life insurance. The Quility digital platform offers clients the option to apply for life insurance online through a 10-minute application or with the support of a licensed insurance agent.
About the NFL Alumni Association
Founded in 1967, the NFL Alumni Association was formed to serve its retired player members and their families. The association's primary purpose is to engage former players through a fraternal structure supporting their ability to live better in retirement. Part of that mission is to build career opportunities, social engagements and social responsibility. Historically, the Chapter leaders' philanthropic and charitable efforts allow the association to donate an average of 1.5 million dollars to children's charities within the local chapter areas.
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