Halpert Insurance & Financial Services joins SAN Group

Halpert Insurance | July 10, 2019

Satellite Agency Network (SAN) Group has revealed that Halpert Insurance & Financial Services has joined the network. Based in Windsor Locks, CT, Halpert is a full-service agency providing all lines of personal and business coverages, in addition to other financial services. Jason Halpert (pictured), CLCS serves as the agency owner, and he is joined by four insurance agents, one customer service representative, and two financial advisors. “Our decision to join SAN was due largely in part by the wide-ranging support provided by their field teams and personnel, as well as various revenue opportunities that they offer,” Halpert said in a statement, adding that his team looks forward to working and growing with the alliance.

Spotlight

For years, industry studies have indicated that small commercial insurance is ripe for digital disruption, but growth in online sales to this segment has disappointed to date. Accenture explores why small commercial customers find purchasing insurance online to be time-consuming, confusing and frustrating. Listen to the perspectives of small business owners and find out how our experiential research methods can enable carriers to understand what really matters to their customers.


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INSURANCE TECHNOLOGY

Relation Insurance Services, Inc. Acquires the Assets of Woller-Anger & Company, LLC.

Relation Insurance | April 05, 2022

Relation Insurance Services, Inc. (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of Wisconsin-based Woller-Anger & Company, LLC (“Woller-Anger”). Terms of the transaction were not disclosed. Woller-Anger & Company, LLC (“Woller-Anger”) is a full-service retail insurance agency, and offers commercial lines, personal lines, and life & health coverages for clients across a diverse range of industries. Woller-Anger is headquartered in Elm Grove, WI and will join Relation’s Great Lakes Region. Erv Woller and Bob Anger will continue to lead Woller-Anger under Relation. We are excited to welcome Erv, Bob, and the entire Woller-Anger team to Relation and are looking forward to growing our Midwest footprint with them.” Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation. About Relation Insurance Services, Inc. Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services through its family of brands across the United States. It is ranked by Insurance Journal within the top 35 largest agencies in the country by revenue and has approximately 1,200 employees across more than 125 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology.

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CORE INSURANCE

Assurely Enters Relationship with Relm Insurance Ltd.

Assurely | February 14, 2022

Assurely of Bermuda, a wholly-owned subsidiary of Assurely, announced an expansion of the group’s TigerMark™ Directors and Officers (D&O) insurance program (TigerMark), in collaboration with the Bermuda-based ‘A (Exceptional) rated’ Relm Insurance Ltd. This new Managing General Agent (MGA) relationship continues TigerMark's momentum over recent years and underscores Assurely’s commitment to offer protection to private companies raising capital via online platforms and portals through Reg A, Reg CF, and Reg506(c) offerings. The relationship with Relm further illustrates a commitment to the marketplace, doubling the capacity available through the TigerMark D&O insurance program, and offering higher limits to those companies raising capital. The addition to TigerMark through Relm also provides more comprehensive and traditional D&O insurance coverage options to protect against exposures beyond the capital raise. Expansion of TigerMark comes at a crucial time when global crowdfunding has grown from $8.61 billion to $113.52 billion between 2020 and 2021, resulting in the need for higher limits and the broadened appetite of companies and projects. Assurely’s relationship with Relm, combined with its earlier announced relationship with Great American Insurance Group, evidences the strong marketplace support provided to TigerMark. The added capacity and expanded coverage from Relm Insurance Ltd. allows Assurely to strengthen its support of stakeholders and continuously support the crowdfunding industry’s contribution to the nation’s future economic growth. "The crowdfunding industry is experiencing rapid growth that is generating an acute requirement for protection against the increased risks for startups and projects. By expanding through our agreement with Relm, TigerMark’s strengthened capability fully supports the arising risks these companies face, making the industry and its stakeholders safer, Here at Assurely, we are excited to provide the only D&O insurance that properly meets the needs of stakeholders within an industry that is shaping how individuals invest and how companies begin." -Ty Sagalow, chief insurance officer and co-founder of Assurely. “We are excited to support the protection TigerMark provides and to be a part of the positive impact it has across the crowdfunding industry, This program will allow businesses to raise tech-enabled capital for the first time so they can grow and scale, opening up huge opportunities and new business platforms. This aligns with Relm’s mission to energize emerging risk businesses to execute on their strategy and grow.” -Joe Ziolkowski, CEO of Relm Insurance Ltd. About Assurely World Trade Labs, Inc. d/b/a Assurely creates and distributes insurance products for changing industries and innovative companies. Created by prominent insurance leaders, Assurely’s accomplished team and technology are adept at building, providing, and executing precise, cost-effective insurance coverage for businesses and marketplaces, small and large. About Assurely of Bermuda World Trade Labs of Bermuda dba Assurely of Bermuda is an insurance agency licensed and regulated by the Bermuda Monetary Authority. World Trade Labs of Bermuda is a wholly-owned subsidiary of World Trade Labs, Inc. About Relm Insurance Ltd. Domiciled in Bermuda, Relm Insurance Ltd. (Relm) is a global insurer that provides unique insurance solutions for new and emerging business sectors with a focus on the crypto /blockchain and cannabis industries. Relm is the world’s leading insurance provider to the crypto sector and is currently the only insurer globally to hold Bermuda’s IIGB License which enables the business to accept premiums and pay claims in cryptocurrency. Relm has been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech. Relm is owned by Deltec International Group and was founded by CEO Joe Ziolkowski.

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INSURANCE TECHNOLOGY

Integrity Adds Limitless Insurance Services to Offer Compelling New Opportunities for Agents and Agencies

Integrity Marketing Group, LLC | April 22, 2022

Integrity Marketing Group, LLC ("Integrity"), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire Limitless Insurance Services, a fast-growing independent marketing organization ("IMO") based in Scottsdale, Arizona. As part of the acquisition, Hayden Hill, President of Limitless Insurance Services, and Nina Damjanovic, Vice President of Limitless Insurance Services, will become Managing Partners in Integrity. Financial terms of the transaction were not disclosed. From their first days as agents in the field, Nina and Hayden recognized how gratifying it is to serve other people, Their work ethic is second to none, and they have already made an unbelievable impact by helping agents reach their full potential. As Integrity partners, Nina and Hayden will now have powerful technology and the support of other top industry leaders to empower their growth. Integrity's best-in-class marketing and back-office resources place Limitless Insurance Services in a position to focus on exactly what they're phenomenal at — supporting agents and serving clients. I'm beyond excited to see where they will progress with Integrity and grateful to have such a hardworking, energetic agency join our team." Bryan W. Adams, Co-Founder and CEO of Integrity. Limitless Insurance Services specializes in providing life insurance, final expense insurance, mortgage protection and annuities to families across the United States. The firm pioneered a unique approach to recruiting by using social media platforms to help make potential agents aware of the opportunities an insurance career can provide. Recently, Limitless Insurance Services also launched an easy-to-use virtual sales platform that helps agents provide solutions to clients remotely. The virtual platform perfectly aligns with Integrity's long-held commitment to meet consumers where they are — in person, online and over the phone. Limitless Insurance Service's boundless energy and innovative spirit has propelled the firm to reach significant growth milestones each year, as it consistently meets the protection needs of thousands of Americans. Partnering with Integrity will allow Nina and me to excel at what we do best — hiring new agents and training them to be the best they can be, We can now expand our product portfolio to serve even more Americans, which motivates our current agents to sell at an even higher level and build their own businesses. Adding Integrity's innovative marketing capabilities and ever-expanding suite of technology to our virtual sales platform and online recruiting approach positions us for sustained future success. We have an amazing journey ahead of us with plenty of fuel in our tank and we can't wait to get started." Hayden Hill, President of Limitless Insurance Services. The insurance industry has been an amazing ride for us already and we have unlimited room for success ahead of us, We've watched other partners experience successful growth, and we're excited to see what Integrity's resources will do for us and the agents we serve. With Integrity's partner network and business operations supporting us, we are confident our growth will become exponential. With Integrity, there is nothing but an open horizon of opportunity for our agents, and I'm so excited to see what this partnership will help us achieve!" Nina Damjanovic, Vice President of Limitless Insurance Services. Hill and Damjanovic join an impressive group of industry icons and legends who are carrying out Integrity's mission to innovate and improve insurance and financial processes. Integrity's partner network is comprised of leading companies who work collaboratively to strategize on best practices and develop solutions that help more Americans plan for the good days ahead. Limitless Insurance Services can now access Integrity's end-to-end technology platform to offer an even more compelling future for their agents. With real-time quoting and enrollment capabilities, customer-focused product development and insightful data and analytics, Integrity's insurtech platform provides the resources agents need to reach Americans in whatever way they prefer. Limitless Insurance Services can also utilize Integrity's shared business services, such as Technology & Innovation, People & Culture, finance, legal and compliance, as well as a world-class marketing and advertising agency. About Integrity Marketing Group Integrity, headquartered in Dallas, Texas, is a leading distributor 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 Limitless Insurance Services Limitless Insurance Services, based in Scottsdale, Arizona, is a leader in the life insurance space. They specialize in mortgage protection, final expense, life insurance and safe money retirement for clients, providing support both in person and virtually. With agents across the country, Limitless Insurance Services helps make the shopping process for life insurance as simple as possible for the over 50,000 clients they serve.

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INSURANCE TECHNOLOGY

HealthComp Acquires Gilsbar’s TPA Division

HealthComp | January 18, 2022

HealthComp Holding Company LLC (“HealthComp” or “the Company”), a New Mountain Capital company and a leading Third-Party Administrator (TPA) of healthcare benefits for self-funded employers, today announced that it has acquired Gilsbar’s TPA and Care Management (MedCom) divisions (Gilsbar, LLC). Together, the combined business will continue to deliver on two critical priorities for its clients: managing healthcare costs and delivering a best-in-class member experience. “HealthComp has chosen to invest in Gilsbar’s TPA because of its exceptional reputation, its outstanding market performance, and its high caliber of talent, By combining the strengths of both our organizations, we’ll be able to deliver unmatched expertise and innovation in the field of health benefit administration, particularly in regard to healthcare cost containment, member engagement, and care management. In addition, Gilsbar’s geographic location will give HealthComp the local presence to better serve clients and brokers in the South and Southeast.” -Jose Rivero, CEO of HealthComp. Gilsbar’s TPA offers a fully-integrated approach to benefit plan administration, which includes sophisticated technology and personalized service. Through MedCom, Gilsbar’s in-house care management division, the company delivers care management programs that positively impact employee health and wellbeing. It has successfully provided clients with savings, process efficiencies, and member satisfaction. Gilsbar’s strong national presence and care management capabilities will move HealthComp one step closer to building a leading, national TPA of self-insured health plans. “It’s a phenomenal fit – both HealthComp and Gilsbar are forward-thinking companies, delivering value through a now shared vision of operational excellence, clinical expertise, and technological advancements, HealthComp’s financial and operational support will enable additional investment in technology and enhanced service offerings. Additionally, HealthComp will bring its leading-edge technology and capabilities to Gilsbar clients, including a proprietary analytics platform and digital tools. More importantly, we remain committed to delivering the same level of service our clients have come to expect and rely on.” -Ryan Haun, CEO and President of Gilsbar Holdings, LLC. Moving forward, HealthComp and Gilsbar will work together to enhance products, services, and support for their customers. Whereas traditional health plans have been unable to deliver tailored offerings, these companies fill the need for highly customizable solutions, as employers want health benefits configured to the needs of their unique member populations. Gilsbar Holdings and its remaining subsidiaries will continue their core businesses. Gilsbar Specialty Insurance is a nationally recognized retailer of professional liability and commercial insurance products to attorneys, CPA’s and other professionals. Gilsbar Group Benefits will maintain its presence in the Southeastern US as a full-service benefits brokerage house to employer and association groups. About Gilsbar Established in 1959, Gilsbar Holdings, LLC® is one of the largest privately held insurance services organizations in the country. Recognized as a catalyst for creating healthy businesses while delivering health plan savings, Gilsbar, LLC offers self-funded and fully-insured benefit plan management services, along with Wellness, Advocacy, and overall Population Health Management. Gilsbar Specialty Insurance, LLC and Gilsbar Group Benefits, LLC are industry leaders in their fields of professional liability insurance retail and benefits advisory and brokerage, respectively. Gilsbar has been honored by Inc. magazine for its sustained growth, Modern Healthcare and Business Insurance magazines as a Best Place to Work, and WELCOA and the American Heart Association for its proven wellness methodology. About HealthComp HealthComp, a New Mountain Capital company, is a leading independent health plan administrator for self-funded employer groups. For more than 25 years, HealthComp has been dedicated to transforming benefits administration. Our solution brings together concierge-level service, best-in-class operations, powerful analytics and expert medical cost management and integrates seamlessly with any benefits ecosystem. The result is an industry-leading experience that delivers better clinical outcomes for our members and higher savings for our book of business. HealthComp has offices in California, Illinois, Kentucky, West Virginia and Pennsylvania.

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Spotlight

For years, industry studies have indicated that small commercial insurance is ripe for digital disruption, but growth in online sales to this segment has disappointed to date. Accenture explores why small commercial customers find purchasing insurance online to be time-consuming, confusing and frustrating. Listen to the perspectives of small business owners and find out how our experiential research methods can enable carriers to understand what really matters to their customers.

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