Joe Flood | April 04, 2022
The founders of Joe Flood Insurance Brokerage, Inc. (JFIB) announce the full launch of their tech-based flood insurance wholesale brokerage. JFIB was founded by Joe "Flood" Rossi, Art McKinney, and Chris St. George to deliver state of the art flood insurance technology, as well as a consultative underwriting approach to agencies of all sizes.
JFIB also announces their status as a coverholder of Chubb European Group, with the unveiling of their own proprietary product on Chubb paper called Upstream. Upstream writes all lines of primary and excess flood business on A++ Chubb paper.
Most of us at JFIB have either been an agent or owned an agency at some point in our careers. With the implementation of Risk Rating 2.0 and all the changes happening in the flood industry, we want to deliver our expertise and experience to agents to make their jobs simpler."
JFIB will be releasing an industry leading quote platform to their partner agents in mid-2022. This technology will provide quotes and rate comparisons from many carriers including the JFIB proprietary product Upstream. The technology will leverage industry data, and simplify the quoting, binding, and sales process. JFIB also provides additional flood insurance related services, such as risk scoring, property risk reports, Letter Of Map Amendment filing, and more. This combined with their multitude of flood insurance offerings, makes JFIB a holistic flood solution for agencies across the country.
Osborn Insurance Group | February 04, 2022
Integrity Marketing Group, LLC ("Integrity"), an omnichannel insurtech leader in life, health and wealth solutions, announced it has acquired Osborn Insurance Group, an independent marketing organization ("IMO") based in Springfield, Missouri. As part of the acquisition, John Osborn, President of Osborn Insurance Group, will become a Managing Partner in Integrity. Financial terms of the transaction were not disclosed.
"Osborn Insurance Group recognized that partnering with Integrity could help them grow, while retaining the best parts of their business and company culture, Family is an important part of their culture, which is why the Osborn team felt like a perfect fit with our Integrity family. Over the years, Osborn Insurance Group has always appreciated adopting innovative technology solutions and their technology needs have surpassed what they could create on their own. Integrity is deeply invested in innovation and committed to creating the strongest insurtech products and systems for our partners. Brought together, our strengths will enhance an already successful business and keep Osborn Insurance Group growing for years to come."
-Bryan W. Adams, Co-Founder and CEO of Integrity.
Osborn Insurance Group began providing Medicare Supplement products to seniors in 1993. With a passion for helping agents grow their business, agency founder Gary Osborn led the company's evolution into an IMO focused solely on agent support. Osborn transitioned leadership to his son, John Osborn, in 2018. Today, Osborn Insurance Group helps independent agents and agency owners propel their businesses forward and has grown into one of the most prominent and respected IMOs in its region.
Through its Integrity partnership, Osborn Insurance Group will join a network of industry icons and legends. Integrity is building a thoughtful collective of leaders who are committed to innovating insurance in ways that help Americans prepare for the good days ahead. This partner network collaborates on best practices and strategies to optimize insurance and financial processes, and strives to protect the life, health and wealth of all Americans.
"I'm truly excited about the ways this partnership will move our agency into the future, Integrity offers us access to top-tier technology and systems that align with our needs and focus. I'm also looking forward to participating in the Integrity partner network. Integrity has created cohesion among legendary industry leaders who can now focus on growth and innovation together. The ability to share and communicate with those experiencing similar challenges and successes will be incredibly impactful to our business. Going forward, I see two directions for Osborn Insurance Group: bigger and better."
-John Osborn, President of Osborn Insurance Group.
Osborn Insurance Group will look to enhance its growth trajectory by utilizing Integrity's omnichannel platform of insurtech resources. These proprietary systems include quoting and enrollment offerings, product development, and data and analytics. In addition, Osborn Insurance Group will access Integrity's shared business services, which include IT, human resources, legal and compliance, and access to a world-class advertising and marketing agency.
Osborn Insurance Group can also offer its employees meaningful company ownership through the Integrity Employee Ownership Plan.
About Integrity Marketing Group
Integrity, headquartered in Dallas, Texas, is an omnichannel insurtech leader of life and health insurance, and provider of innovative solutions for wealth management and retirement planning. Through its partner network, Integrity helps millions of Americans protect their life, health and wealth with a commitment to meet them wherever they are — in person, over the phone and online. Integrity's cutting-edge technology helps streamline the insurance and financial planning experience for all stakeholders. In addition, Integrity develops products with carrier partners and markets them through its distribution network of agencies, brokerages and RIAs throughout the nation. Integrity's nearly 5,500 employees work with more than 420,000 agents and advisors who serve over 10 million clients annually. In 2021, Integrity helped carriers place more than $7 billion in new sales and oversaw more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms.
About Osborn Insurance Group
In 1993, Gary Osborn founded the Osborn & Associates agency around a core team of agents focused mostly on Medicare supplement and health insurance sales. Many of those agents remain with the firm to this day. In the mid 2000's, the firm saw an opportunity to increase and enhance support to local agents. That culminated in the founding of Osborn Insurance Group in 2010. Today, the Osborn & Associates agency continues to deliver in-house sales, while the Osborn Insurance Group brokerage has developed into one of the leading IMOs in the Midwest. The company's mission is to build lasting and loyal relationships as it continues to innovate processes that assist agents and agencies, helping them grow and manage their businesses.
Hub International | June 04, 2021
Hub International Limited, a leading global insurance brokerage, announced today that it has acquired Salvatore Insurance Brokers Ltd. Terms of the transaction were not disclosed.
Located in Sackville, Nova Scotia, Canada, Salvatore Insurance is a family-owned insurance agency providing clients in Atlantic Canada commercial insurance. They specialize in the transportation industry, which supports Hub's Specialty practices by complementing and strengthening its existing capabilities in commercial auto and fleet. Christina Salvatore, President of Salvatore Insurance, and their team will join the Atlantic Region and report to Susan Murphy, President of Hub Ontario.
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 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.