Tower Hill Preferred and Tower Hill Signature Insurance Companies

With the launch of Tower Hill Insurance Exchange (Exchange) in January 2022 and the subsequent transfer of renewals this spring, Tower Hill Preferred and Tower Hill Signature Insurance Companies ceased accepting new business mid-February. As of May 16th, our renewals for these two carriers are rolling into Exchange. With the cessation of business flowing into Tower Hill Preferred and Tower Hill Signature, the next step in our strategic plan is to voluntarily withdraw the Financial Stability Ratings® of A, Exceptional,...

AXA XL boosts resources, adding new role, to support business growth

Boosting its support of the U.S. programs insurance market’s fast-paced growth, AXA XL is investing more resources in its Americas Program insurance business with the appointment of David Brooks to the new role of Chief Underwriting Officer (CUO), Programs and Delegated Arrangements for the Americas. Mr. Brooks will report to Donna Nadeau, AXA XL’s Chief Underwriting Officer for the Americas. According to Ms. Nadeau, “The Program insurance market is a center for innovation, creativity, and specialization.  It continues to mature...

Gradient AI Joins Guidewire Insurtech Vanguards Program

Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions for the insurance industry, announced that the company has joined Guidewire’s Insurtech Vanguards program, a new initiative led by property and casualty (P&C) cloud platform provider Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them. “Guidewire is one of the most recognized platform providers in the insurance industry today and we are proud to be working with...

REPLY acquires FINCON extending presence in Germany

REPLY [EXM, STAR: REY] announces today that has signed an agreement to acquire 100% of FINCON Unternehmensberatung GmbH (www.fincon.eu) – a German consulting company leader in digital transformation projects for the banking and the insurance industry. FINCON, headquartered in Hamburg, is a pure consulting company specialized on the core processes and systems for the financial services industry such as, mobile banking, payments, core banking, internal control system and regulatory compliance, BIPRO and insurance systems. Among...

Independent Group Announces Successful Launch of iStructure

Independent Insurance Group, LLC (“Independent Group”) announced today that its life and annuity subsidiary, Independent Life Insurance Company (“Independent Life”), has successfully launched iStructure, the first uncapped index-linked structured settlement annuity. Independent Life has secured almost $50 million in committed sales for the product from both settlement recoveries and installment sales of real estate and businesses. iStructure provides the opportunity for growth in payout amounts with the same flexibility and tax benefits of traditional structured settlements. Already, nearly...

How to Choose a Life Insurance Beneficiary

David Kanani, president of Kanani Advisory Group, shares the important considerations to keep in mind when designating a beneficiary of a life insurance policy. According to David Kanani, choosing a beneficiary can be very simple, yet very important in any account that requires it. “If one is married, unless there are very unusual circumstances, your spouse should be the beneficiary, especially if you live in a community property state,” says Kanani. This could be more...

EY and FINEOS form strategic alliance

Supports smart digital transformation at scale Realizes tangible operational efficiencies with innovative technology Accelerates new business model opportunities with increased capabilities EY today announces an alliance between FINEOS – a global market leader of core systems for life, accident and health insurers – and Ernst & Young Business Consultants (EY Ireland). The Alliance will help carriers achieve smart digital transformation. In addition, it will bring positive impact across employee benefits value chain, from insurers and...

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