Charlesbank Completes Growth Investment in World Insurance Associates

World Insurance Associates LLC (“WIA”, “World”, or the “Company”), a leading full-service insurance brokerage, today announced that it has closed the previously announced majority investment from funds affiliated with Charlesbank Capital Partners (“Charlesbank”), a middle-market private equity firm based in Boston and New York. As part of the transaction, the WIA management team and employee shareholders remain major shareholders alongside Charlesbank. The financial terms of the growth investment were not disclosed Founded in 2012, WIA...

SIMON Markets LLC Forms Partnership With Insurance Technologies

SIMON Markets LLC and SIMON Annuities and Insurance Services LLC (“SIMON”) today announced a new partnership with Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries. At a time when accessible technology is paramount for remote workforces, this encouraging development expands the capabilities of SIMON’s cloud-based annuities platform with the integration of Insurance Technologies FireLight®, enabling financial professionals to generate annuity illustrations from the same platform...

Ping An’s Brand Value Breaks into World Top 10 for the First Time

Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that Ping An is in the top 10 in the Global 500 2020 rankings released by the leading brand valuation consultancy Brand Finance. Ping An climbed five places to number nine among global brands. Ping An ranked first among global insurance peers and 2nd among global financial peers. The ranking shows that Ping An’s brand value increased by 19.8% year on year to USD69,041 million. It was the fastest...

CCG IQ Expands Underwriting Services Through Strategic Acquisitions

CCG IQ, a leader in tech-enabled insurance services, continues to gain momentum and a national presence in the underwriting space through the recent acquisitions of JMI Reports, The UIS Group, and Cox & Smith Risk Management. CCG IQ anticipates that the strategic addition of these businesses will enhance its suite of services that provides insurance companies with timely and innovative solutions. “Expanding our underwriting services under the CCG IQ umbrella has enabled us to become...

Smart Car Insurance Launches In New Mexico

Next generation personal car insurance company Noblr is now available in New Mexico. Noblr is smart car insurance for responsible drivers that rewards members’ good driving behaviors with real-time competitive rates. Innovative in technology and structure, Noblr is built on a reciprocal exchange model, where customers are members who help drive the company forward. “We’re excited to empower and reward responsible drivers across New Mexico,” said Gary Tolman, Noblr CEO & Co-founder. “Noblr members only pay for the...

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