THG acquires several assets from D. F. Dwyer & Associates

THG | February 28, 2020

The Hilb Group (THG) has announced that it has acquired “certain” assets of D. F. Dwyer & Associates (DFD); the transaction became effective February 01, 2020. DFD, based in Newport, RI, offers a suite of P&C insurance products and services to both businesses and individual customers. As part of the acquisition, DFD agency leader Dan Dwyer will join THG’s New England team. A release explained that the acquisition of DFD will complement and strengthen THG’s P&C capabilities in the region. Two weeks ago, THG acquired Regency Insurance Group (RIG) in Bonita Springs, FL. RIG is another property and casualty insurance agency, which offers home, auto, flood, and watercraft insurance.

Spotlight

In this video we have explained various benefits of Term Insurance. Term insurance plan will help you make sure that in your absence your family is protected. Term insurance plans are much easier to understand than insurance plans such as endowment policies, which combines risk cover with savings.

Spotlight

In this video we have explained various benefits of Term Insurance. Term insurance plan will help you make sure that in your absence your family is protected. Term insurance plans are much easier to understand than insurance plans such as endowment policies, which combines risk cover with savings.

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CORE INSURANCE

High Street Insurance Partners Successfully Acquires GTA Insurance Group

High Street Insurance Partners | December 14, 2021

High Street Insurance Partners ("HSIP") announced today that it has acquired Nebraska-based GTA Insurance Group. GTA Insurance Group provides comprehensive insurance and risk management solutions across Nebraska. It has an extensive agricultural practice and offers business and personal insurance, as well as benefits. "We are thrilled to have GTA Insurance Group join HSIP, This represents over 30 new offices across Nebraska, which greatly expands our footprint in communities across the Midwest. More importantly, this partnership allows us to provide deep agricultural expertise to our clients." -Scott Wick, CEO of HSIP. We are excited to join HSIP. Together we will be able to better serve our clients, our employees, and our communities. We'll also be able to add new clients who will benefit greatly from this partnership and its shared, community focused philosophy. - Krae Dutoit, President, GTA Insurance Group HSIP is one of the fastest growing insurance brokerages in North America. The firm has now completed 83 acquisitions since forming the company in mid-2018. About High Street Insurance Partners High Street Insurance Partners (HSIP) is a full-service, independent insurance brokerage firm. Founded in 2018, the Traverse City, Michigan-based company provides a broad array of business insurance & risk management; employee benefits & human capital management; financial & retirement services; and personal insurance solutions delivered through community-focused agencies. HSIP employs over 1,700 insurance specialists & consultants in offices based in Arkansas, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Maryland, Michigan, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, & Washington.

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CLAIMS

Alacrity Solutions Acquires Fourseventy Claim Management

Alacrity Solutions, Fourseventy Claim | February 02, 2021

Alacrity Solutions Group, LLC ("Alacrity Solutions"), a perceived innovator in providing insurance claims management services in North America, today reported the securing of Fourseventy Claim Management ("Fourseventy Claims"). Monetary terms of the exchange were not uncovered. Established in 2011, Fourseventy Claims set up itself as a claims management pioneer with a sharp spotlight on advancement and innovation enablement. With a cross country organization of field and work area agents talented in providing services across the private and business property, setback and risk markets. Fourseventy Claims likewise offers a full-administration Third-Party Administration Program, providing start to finish claims dealing with solutions to a significant number of the main insurance carriers in North America. “Fourseventy Claims has established a solid reputation in delivering exceptional service to their clients. Their leadership team possesses years of industry experience, which serves as a key driver in the strong and long-lasting relationships they have been able to develop and continue to grow over the years. We are really excited to partner with Matt Fatheree, Rob Beller and the Fourseventy Claims team,” said Jim Pearl, CEO of Alacrity Solutions. “This acquisition further positions Alacrity Solutions as one of the leading claims management providers and expands our scale and expertise in North America.” Matt Fatheree, founder and CEO of Fourseventy, stated, “We are excited to become a part of the Alacrity Solutions enterprise. Their full-service offerings, commitment to superior service and strong reputation across the industry are just a few of the traits that align strongly with Fourseventy Claims. Additionally, we share a common approach to our principles and how we conduct business in placing a priority on people, partnership and an overall passion for this business. We look forward to continuing our track record of success and growth as part of the Alacrity Solutions enterprise moving forward.” The exchange with Fourseventy Claims is Alacrity's 10th procurement since 2015. Alacrity has an engaged methodology of cooperating with and obtaining remarkable new stage and vital extra organizations to more readily serve the insurance claims industry as a solitary source specialist co-op. About Alacrity Solutions Alacrity Solutions, based in Fishers, Indiana, is one of the largest independent providers of insurance claims management services in North America. Alacrity provides property, auto, casualty claims adjustment services, and staffing solutions, as well as a nationwide managed repair network to national and regional insurance companies, MGAs, TPAs, self-insured corporations, and clients in the federal/state government sector. Kohlberg & Company acquired a majority stake in Alacrity in 2019. About Fourseventy Claims Fourseventy Claim Management is an independent insurance adjusting firm that provides services in all fifty states with over eight hundred adjusters, servicing losses in the residential and commercial property markets. While exhibiting core values of innovation and versatility, Fourseventy passionately explores what the future might entail for the insurance claims industry. Fourseventy takes great strides in working with insurtech companies to build a more efficient and consumer-friendly experience for its clients. Managed by an executive team with over 200 years of industry experience, Fourseventy collaborates with its customers to take the best approach surrounding what is possible for process and outcome improvement.

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INSURANCE TECHNOLOGY

Builders Insurance Holdings S.A Plans to Transform its Legacy Growth Plans with Sapiens

Sapiens | March 08, 2022

Sapiens International Corporation announced that Builders Insurance Holdings S.A is transforming its legacy growth plans with the end-to-end solutions of Sapiens. Sapiens International Corporation is a supreme global provider of software solutions for the insurance industry, and Builders Insurance Holdings S.A is a top P&C insurance and reinsurance service provider. According to the news, Sapiens IDITSuite and Sapiens Intelligence will transform Builders' numerous legacy systems of its insurance business. In addition, the modern solution of Sapien will provide Builders with its most modernized functionalities to facilitate digital operations and would empower the plans of business extensions. Sapiens offers a leading core solution to meet our needs and to the industry knowledge and expertise to help us grow our business and accompany us in our journey. With its global footprint and industry expertise, Sapiens is an invaluable partner in all our endeavors." On this, Fabrice Volkaerts, Group COO of Builders. Sapiens IDITSuite is a core software solution that comprises policy, billing, and claims solutions. In addition, IDITSuite supports end-to-end core operations and short-term or non-life insurance processes that include renewals and claims. Sapiens Intelligence is an out-of-the-box solution with a full industry-standard data management model. Sapiens is delighted to serve as a trusted partner in Builders' growth plans and to accelerate their short- and long-term needs as a specialty line customer. We are fully aligned with Builders' vision to onboard to the latest technology, In addition, Sapiens is pleased to allow Builders to integrate all of their data into a complete insurance hub, gaining operational insight to finetune critical processes across the entire life insurance value chain." Roni Al-Dor, President and CEO of Sapiens

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