Digital Insurance, Atlanta, Ga., has acquired Strategic Employee Benefits Services (SEBS) of the Midwest. The firm now operates under the banner of Digital Benefit Advisors (DBA), a division of Digital Insurance. Dean Haage, RHU, principal, and key staff members of SEBS of the Midwest have joined DBA and will continue to provide service to all clients.
Through the merger, employers will have access to a broader variety of carriers, tools, proprietary products and the ability to effectively navigate the complexities of health care reform.
Dean Haage established SEBS of the Midwest about a decade ago. The firm serves some 250 small- and mid-sized employers and has connections to the financial planning community, partnering with numerous representatives to provide employee benefits support to their clients.
In other industry news:
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LIMRA has hired Paul DeSimone, as head of its compliance and regulatory services group, effective May 1, 2012.
In this new role, DeSimone oversees the management of LIMRA’s compliance products as well as the Regulatory Services Strategy Center, which was established in 2011 to assess global trends, regulations and issues that impact financial services companies and to drive industry thought leadership. In addition, DeSimone will be responsible for developing business growth strategies and innovative product development.
DeSimone has a long-standing history with LIMRA. He has been a regular member and vice chair of LIMRA’s Broker/Dealer Services Committee for 15 years. DeSimone is president and chief compliance officer of an SEC-registered broker/dealer and principal of a private equity firm. His career background encompasses financial services product development and distribution leadership roles in a variety of positions at LIMRA member companies, including: New England Financial, American Skandia, MassMutual and Prudential Financial.
The Penn Mutual Life Insurance Company, Horsham, Pa., has appointed Rob O’Bryant to sales manager of the Navigon Financial Group Inc. in Laurens, S.C.
Active in the industry, O’Bryant holds his FINRA Series 7, 24, 26, 65, and 63, and life and health insurance licenses.