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Company News Roundup: Week of July 18, 2016

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Insurity acquires Tropics Software Technologies

Insurity has purchased the Sarasota, Florida-based insurance software firm Tropics Software Technologies (Tropics). The acquisition will add a complement of solutions to enable Insurity to offer even greater value to customers while strengthening its market position and ability to address the broader needs of the property and casualty insurance market. Founded more than two decades ago, Tropics is a national software company specializing in workers’ compensation systems. Click here to read the official company statement as well as a list of FAQs about the acquisition.

Accolades for J.P. Morgan

Annexus®, a leading fixed indexed annuity product designer, recently honored J.P. Morgan with its “Deal of the Year” award during the Structured Products Americas Awards on May 20, 2016. The success and innovation of the Nationwide New Heights® fixed index annuity (FIA) product with the J.P. Morgan MOZAIC Index (USD) option contributed to the recognition.

Ernst & Young honors Lombard International Assurance executive

Lombard International Assurance’s Executive Chairman, John Hillman, has been named Ernst & Young’s 2016 Entrepreneur of the Year in the Business and Financial Services category for Greater Philadelphia. Hillman was selected from among 36 finalists, and was awarded for his entrepreneurial leadership. He is credited with expanding Lombard International into major financial markets around the world, and pioneering a suite of strategic wealth structuring solutions for high-net worth individuals, families and their representatives. Under Hillman’s direction, the Luxembourg-based company completed the acquisition of Philadelphia Financial in 2015.

Plan now for the 8th Annual Health Plan Consumer Experience & Retention Summit

This event takes place September 29-30, 2016 at the Boston Marriott Copley Place in downtown Boston, Massachusetts. The Summit features a number of leading health care thought-makers, and is designed to help professionals:

    • Understand the behavioral economics of health care decision making in order to improve care.
    • Engage consumers where they are in order to improve reach and member experience.
    • Use segmentation to engage members at the right time.
    • Incentivize healthy behaviors.
    • Create a member-centric payment strategy.
    • Leverage Digital Technology.

Click here to register online for the 8th Annual Health Plan Consumer Experience & Retention Summit.

Missouri’s Advisor Insurance Agency turns 10

Advisor Insurance Agency recently celebrated both its 10th anniversary, as well as being one of the very first agencies to join Valley Insurance Agency Alliance (VIAA), a cohesive family of nearly 100 independent insurance agencies in Missouri and Southern Illinois. Advisor Insurance Agency is a full-service insurance agency that specializes in home, business, auto, and life insurance.  Founded in 2006, the agency is owned by Kirk Reisner and is located at 101 Willey St. in Willard, Missouri.

“To me, this anniversary is a huge accomplishment and represents a lot of hard work,” said Reisner.  “I started working in the insurance industry in 1998, and I am very lucky to run an agency that protects both individuals and businesses.”

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iPipeline teams up with Lincoln Financial

iPipeline® – a provider of cloud-based software solutions for the life insurance industry – recently announced that Lincoln Financial Group’s new fully-electronic term insurance product, Lincoln TermAccel® Level Term, incorporates iPipeline’s enhanced iGO® Drop Ticket (electronic short form) and DocFast® e-Delivery solution to help speed the issuance of policies. TermAccel offers younger age clients and those in need of lower face amounts affordable protection and the potential to qualify for “lab-free” underwriting. TermAccel is now accessible to advisors through Lincoln’s website portal or the iGO® platform for iPipeline customers. These services also received the attention of Philadelphia Inquirer business new blogger Joseph N. DiStefano.

Insurance-industry legal team adds new talentCompany News Roundup: Week of July 18, 2016

Hermes Law, a diverse team of professionals committed to stellar service and superior legal representation for clients and cases impacting the insurance and risk industry, recently hired attorney Bailey D. Rogers. Rogers received his Juris Doctor Degree from Wake Forest University. He is a member in good standing with the State Bar of Texas and the United States District Courts for the Northern District of Texas and his professional affiliations include the Dallas Bar Association, the Dallas Association of Young Lawyers, and the Texas Aggie Bar Association. At Hermes Law, Bailey will focus his practice in the areas of Premises Liability, Commercial Litigation and Personal Injury.

Nelly L. Vasquez also has joined the firm as a legal assistant. Since 1984, Ms. Vasquez has worked in various areas of the law, including Family, Criminal, Probate and Wills, and Insurance Defense. She holds a paralegal certificate from North Texas State University and is a member of the Dallas Branch of the Latinos Peace Officers Association.

Sapiens expands its North American presence

Sapiens International Corporation (NASDAQ and TASE: SPNS), a global provider of software solutions for the insurance industry and financial services sector, recently grew its North American insurance and retirement services practice. The company has hired Mike McCurley to serve as head of North American sales, as well as an expanded sales team. It also added senior-level delivery personnel, SMEs, business analysts, developers and support teams in North America.

Company News Roundup: Week of July 18, 2016Jim Villa heads to The Hartford as Head of Accident & Health

The Hartford has hired Jim Villa as the new head of accident and health (A&H), reporting to Mike Concannon, executive vice president of Group Benefits. In this role, Villa is responsible for expanding the A&H product suite across The Hartford’s businesses.

“As part of the Group Benefits’ growth strategy, we continue to build our portfolio of income protection products and broaden our distribution footprint, and the accident & health space represents an excellent growth opportunity,” Concannon said. “Jim brings deep leadership experience and knowledge of the marketplace that will help drive our strategy forward while delivering value to our clients and business partners.”

Tom Rattmann retires from Columbian Financial Group

Thomas  E. Rattmann announced at the company’s Annual Meeting in May his intention to retire as Chief Executive Officer of the Columbian Financial Group effective Dec. 31,  2016.  The Board  of Directors has asked Rattmann to continue his service as Board Chairman. The Board  also indicated that  Michael  C. S. Fosbury will become Chief Executive  Officer upon Rattmann’s retirement.  Fosbury joined Columbian in 2003, and currently serves as President and a member of the Board of Directors.

“Tom’s tenure has been one of extraordinary growth, success and transformation for Columbian,” said  Edward J. Muhl, a Board member and former Superintendent of Insurance for the State of New York. He continued, “Tom’s presence on the Board will ensure an orderly management transition for the Company as it continues to expand in New York and around the country.”


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