Size matters, according to a new report on the insurance brokerage market by Advisen Ltd. As a result, the frenetic pace of consolidation in the brokerage sector will be only temporarily slowed by the global economic recession.
“Large brokers enjoy certain advantages of scope and scale,” said John Molka III, the author of the report. “At [...]
Avant Capital Partners (AVANT), a leading New York City based commercial mortgage bank that specializes in multifamily financing, closed a bridge loan of $2,853,301 for the acquisition and renovation of a 304-unit apartment complex in Dallas, TX. The loan was based upon 70% loan-to-cost and included the acquisition and renovation costs, as well as an [...]
HealthEdge, provider of the only modern, enterprise-class software platform for healthcare payors, announced that Tacoma-based BenefitMD has selected the HealthRules product suite as their next-generation claims and benefit administration, business intelligence, and portal platform. The HealthRules software will be used to power the next phase of BenefitMD’s rapid business growth.
What makes HealthRules different from any [...]
Duck Creek Technologies, Inc. a leading provider of software and service solutions for the insurance industry, today announced that United America Indemnity Group, Inc. (”United America”) has implemented Duck Creek’s Policy Administration solution for a number of its Commercial ISO lines products. The PA-based carrier went live within six months with a custom Vacant Property [...]
GlobalBridge,a Minneapolis-based provider of separately managed accounts for trust banks and wealth advisors, announced the selection of Pelorus Advisors as its exclusive provider of hedge fund operational due diligence.
Kelly Coughlin, CEO of GlobalBridge said, “Operational transparency and hedge funds are two terms we seldom see together. GlobalBridge has always insisted on full operations [...]
enkins Insurance Group, a Leavitt Group affiliated agency, is pleased to announce the hiring of Scott W. Reynolds as a Vice President. Scott will lead Jenkins’ new Energy Practice with a focus on the Renewable Energy industry.
Reynolds has been in the insurance industry for 28 years with extensive experience in the Energy field. He was [...]
After thorough review of multiple agency management platforms, AgencyWorks receives a formal endorsement from National Brokerage Consortium (NBC) as the common platform of choice for all NBC members.
According to NBC Secretary Pete Caneer, “In world, insurance companies are looking for efficiencies from the national marketing organizations (NMOs) they deal with. If an NMO adopts a [...]
The Allstate Corporation will conduct a conference call at 9 a.m. Eastern Time (ET) , Aug. 6, 2009 to discuss second quarter 2009 earnings. The company will issue a news release announcing results the day before on Wednesday, Aug. 5, 2009 at or after 4:05 p.m. ET. In addition, the company plans to file [...]
Olympus Managed Health Care Inc. a leading provider of health care claims administration and cost containment services, announced the appointment of Robert Lavers as Senior Consultant. In this newly created role, Mr. Lavers will have overall responsibility for the firm’s business development and expansion initiatives throughout Asia.
“We are very pleased to have Bob join our [...]
Health Net of the Northeast, Inc., a subsidiary of Health Net, Inc. announced that the National Committee for Quality Assurance (NCQA) has awarded an accreditation status of “Excellent” for service and clinical quality for Health Net of the Northeast’s commercial line of HMO and POS products in Connecticut, New Jersey and New York. The accreditation [...]
