CFC unveils new cyber insurance platform

insurancebusinessmag | May 24, 2019

Cutting-edge is how CFC Underwriting describes its new cyber insurance platform for brokers.The London-headquartered specialist insurance provider, which has been in the cyber market since 1999, has introduced a new quote-and-bind portal aimed at ‘revolutionising’ how brokers arrange cyber cover. The target clientele are small- and medium-sized enterprises.
Developed in-house and available on June 01, the platform was launched at CFC’s inaugural US broker conference in Chicago. Features include single-question quoting, instant access to underwriters, and broker self-serviceThe latter differentiates CFC’s system from traditional platforms as it allows brokers to adjust quotes, including limits and deductibles, without the need for the underwriter. Meanwhile brokers can also use the trading platform to connect with the cyber underwriting team in real-time.In addition, brokers are given access to industry-specific cyber claims resources and educational materials. They will also receive a limit and claims profile based on clients’ size, industry, and location.

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ANNUITIES

King Insurance expands into Georgia with the acquisition of Piedmont Insurance Associates

King | December 24, 2021

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LIFE INSURANCE

Mutual of America Financial Group Announces Agreement to Acquire Landmark Life Insurance Company

Mutual of America | April 27, 2022

Mutual of America Financial Group announced today that it has entered into a Stock Purchase Agreement to acquire Landmark Life Insurance Company, a widely licensed Texas life and annuity insurance company ("Landmark Life"). The transaction is expected to close during the third quarter of 2022, subject to customary closing conditions, including regulatory approval. The acquisition of Landmark Life represents another positive step toward achieving Mutual of America's strategic growth plans in the guaranteed retirement income space." John R. Greed, Chairman, President and CEO of Mutual of America Financial Group. This transaction will enhance our financial and distribution capacities to provide guaranteed income solutions and other products to individuals outside the state of New York. Simpa Baiye, Executive Vice President and Chief Actuary of Mutual of America Financial Group. The sale of Landmark Life represents a meaningful step toward our plans to focus on providing high-value, third-party administrative services to life insurers nationwide." Tom Munson, CEO of Landmark Life and Jarvis Family general partner. Merger & Acquisition Services, Inc., served as the financial advisor, and Eversheds Sutherland (US) LLP served as the legal advisor to Mutual of America for the acquisition. Propel Advisory Group, Inc., served as the financial advisor, and Winstead PC served as the legal advisor to The Jarvis Family Limited Partnership. About Mutual of America Financial Group Mutual of America Financial Group is a leading provider of retirement services and investments to employers, employees and individuals. We provide high-quality, innovative products and services, together with outstanding personalized service, at a competitive price to help our customers build and preserve assets to meet their retirement and investment related needs for a financially secure future. Our mission is built upon our values—integrity, prudence, reliability, excellence and social responsibility—which have guided us since 1945 and continue to serve us and our customers well. About Landmark Life Landmark Life, based in Brownwood, Texas, is a wholly owned subsidiary of The Jarvis Family Limited Partnership. Founded in 1964, Landmark Life underwrites life insurance and annuities in 36 states. Landmark Life solicits annuity and life business via an independent agency force.

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CORE INSURANCE

Brightway Insurance is the only insurance agency franchisor named to a listing of the smartest-growing franchises in the country by Franchise Times

Brightway Insurance | January 25, 2022

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INSURANCE TECHNOLOGY

Insurance Navy Names The Most Affordable Used Cars to Buy Car Insurance For

Insurance Navy | April 18, 2022

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Spotlight

Corporate tax departments are grappling with enormous change on several fronts, much of it driven by dramatic improvements in new and better technology platforms. The pressure to adapt has never been greater, and the consequences of falling behind have never been more punishing. Download the latest white paper from Thomson Reute

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