Everest Insurance® Adds Alex Poracchia as International Chief Actuary and CFO

Everest Re Group, Ltd. (“Everest”) announced today that Alex Poracchia has joined the company as its International Chief Actuary and Chief Financial Officer of the organization’s Everest Global Markets division. Prior to joining Everest, Alex spent nearly eight years at Deloitte UK as a partner within the firm’s Actuarial, Reward and Analytics practice predominantly supporting international clients’ Audits, M&A and finance transformation programmes. Previously, he spent ten years at Zurich Financial Services, where he performed...

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...

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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