Marsh announces Assurance acquisition

Marsh | April 01, 2020

Insurance brokerage and risk advisory giant Marsh has today announced its acquisition of Assurance Holdings, Inc. a Schaumburg, Illinois-based independent insurance agency. Terms of the transaction were not disclosed. Assurance is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the United States. The firm, which was founded in 1961, was officially acquired by Marsh & McLennan Agency LLC (MMA), the US middle market agency subsidiary of Marsh. “In just over 10 years, MMA has grown into a leading $2 billion-revenue platform serving midsize businesses and individuals across the US,” said Marsh president and CEO John Doyle. “Assurance is another example of our continued ability to attract the highest quality teams to join MMA and enhance our ability to serve clients in this important segment.”

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The 2011 PfG commits to the introduction of a single-tier, multi-payer model of UHIcovering both hospital and primary care. Social and long-term care will remain directly funded by the State. The PfG does not seek to adopt a free market approach to the provision of healthcare services. Nor does it seek to retain the current model which is dominated by a single provider with prices largely set by the State.

Spotlight

The 2011 PfG commits to the introduction of a single-tier, multi-payer model of UHIcovering both hospital and primary care. Social and long-term care will remain directly funded by the State. The PfG does not seek to adopt a free market approach to the provision of healthcare services. Nor does it seek to retain the current model which is dominated by a single provider with prices largely set by the State.

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CL Life and Annuity Insurance Company Launches New MYGA Product to Market in Eight Weeks with FireLight®

CL Life & Annuity Insurance Company and Insurance Technologies | September 26, 2022

Insurance Technologies, LLC., a provider of sales and regulatory automation solutions for the life and annuities insurance industries, announces that CL Life and Annuity Insurance Company (“CL Life”), a provider of insurance products that offer policyholders stable growth, tax deferral and income planning, has launched FireLight® e-Application. CL Life implemented FireLight to get new products to market quickly and efficiently while providing a superior digital agent and customer experience. “We wanted a digital solution that enabled quick speed to market and supported our digital strategies to make submitting annuity business with CL Life an easy and friendly process for agents, FireLight is the industry leader in the annuity and life market and provides us with the features and integration capabilities to efficiently create modernized and accelerated sales processes.” -Gary Sorensen, Director of Marketing & Sales, CL Life CL Life now provides agents with an easy way to sell CL Life annuity products through FireLight’s dynamic wizard e-application experience. The streamlined experience CL Life created includes e-Signature built-in into the sales workflow. So, agents can collect required signatures quickly and submit complete in-good-order application packages direct to CL Life. At Insurance Technologies, we know the importance of having the resources and tools to get products to market quickly and efficiently, We are happy to be able to supply CL Life the innovation and team support to create new digital sales processes and experiences and introduce new products to the industry quickly,said Clint Moore, Chief Operating Officer, Insurance Technologies. CL Life implemented FireLight with its new MYGA product released this month. Insurance Technologies has been a great partner in meeting our business, integration, and workflow requirements, The team at Insurance Technologies was easy to work with and provided the consultative support we needed to meet our implementation goals. We were able to go from concept to implementation in just eight weeks, said Sorensen. By using the standardized templates and rules within FireLight, we were able to provide a quick and efficient implementation experience, meeting CL Life’s timeline of two months, We are proud of the partnership with CL Life and look forward to working with them as they offer new products and expand their digital journey,said Moore. About CL Life & Annuity Insurance Company Headquartered in Fort Worth, Texas, CL Life and Annuity Insurance Company seeks to provide insurance products specially designed for retirement assets that offer stable growth, tax deferral, and income planning. Its mission is to provide competitive products that meet the financial goals of policy holders, investing in assets for the purpose of growing policy holder premiums aimed at generating strong returns with the flexibility to secure their future. CL Life is an affiliate of Crestline Investors, Inc., an institutional investment management firm with approximately $15.4 billion in assets under management. About Insurance Technologies Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance industry. Offering a suite of integrated sales solutions, from pre-sale functions to quoting and illustrations through e-application and e-delivery to post-sale services, Insurance Technologies provides carriers and distributors the sales capabilities and tools to create automated and cohesive sales experiences for their advisors and clients across the life and annuities insurance industries. The unique architecture and flexibility of its solutions deliver front and back-office configurability and usability to support multiple business strategies, encourage cross-channel growth and evolve with regulatory changes.

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ISG | July 16, 2022

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