COLUMBUS, OHIO – NSI Insurance Group, a leading independent insurance broker based in Miami, Florida, USA, has become a partner of Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group. The firm is now one of 108 independent brokerages that are Assurex Global partners in all areas of the world.
The workplace is changing and there’s no denying it. Whether it’s because of the technology and data available, the changing demographics and expectations of the workforce, greater degrees of automation or the advancing “gig” economy, business is evolving to stay relevant and employees are demanding more of their employer.
As the challenge to attract and retain critical talent has never been greater, employers must consider fine-tuning their benefit packages to ensure they are poised to impact their workforce in the way they desire and remain competitive in a global economy.
The four global employee benefit trends we see for 2019 are:
Employee Benefit Trends 2019
While this may seem obvious to many, the issue of affording health and welfare insurance is on the rise again. Despite a strong economy in many parts of the world, many employees are having a harder time affording their benefits than they were five years ago. This stems from the additional cost-shifting that has occurred, whether it be from social programs to private insurance or from employers shifting additional financial responsibility onto the employees. Deductible and out-of-pocket levels continue to rise, which exposes employees to additional first-dollar risk. This can have unintended consequences such as delayed medical treatments, increased stress levels, negative cost impacts to other group benefit plans and reduced workforce productivity.
- Reassess/benchmark your plan design. Ensure any individual cost-sharing levels haven’t crept too far out of reach.
- Provide access to telehealth/virtual care services. Primary care is usually more affordable in this setting and virtual care can help many employees get their treatment process started, regardless of location. Reducing any financial barrier will also drive utilization.
- Analyze claims data to determine if care can be redirected to lower cost sites or to higher performing medical providers.
- Explore adding voluntary benefit plans (e.g. critical illness, accident insurance, supplemental health or legal services) to provide additional coverage and security. Voluntary benefits also foster a culture shift from wellness to well-being by helping improve one’s financial and emotional health.
Employers around the globe have been focused for many years, on wellness initiatives for their workforce. Those initiatives have historically been centered on the physical aspects of an individual with programs dedicated to weight management, physical activity, healthy eating, smoking cessation and more. Employers are now recognizing that they need to take a holistic view and address the entire person. Mental health and substance abuse issues, financial management concerns and stress and anxiety are all on the rise. Employees are short on time and resources while demands on them are increasing. This means incorporating more programs and resources for mental, financial and social wellness. Investing in well-being positively impacts business performance.
- Build financial wellness offerings into the overall program. Financial stress is the most common form of stress and high levels of stress impact physical and mental health and negatively influence productivity. Financial issues do not discriminate.
- Implement an Employee Assistance Plan (EAP) to act as a holistic resource. For those that offer one, revisit the current services offered and explore new opportunities.
- Explore non-traditional offerings such as elder care, flexible work schedules, volunteer opportunities and paid parental leave to further address the needs of the entire individual.
The millennial generation has been fervently discussed for a few years and they now make up the largest generation of the workforce globally. While employers can’t ignore the millennial generation, it’s Generation Z (those born after 1996) that is beginning to enter the workforce and they are viewing things much differently than their predecessors. Companies do not want to miss the opportunity to speak to this generation when the time comes to hire and employ them. This group will expect benefits to be mobile and flexible, they’ll expect to have reviews on the benefits package from their peers before selecting any options, they’ll be less apt to have large amounts of student debt, and they’ll look for guidance and advice and provided by the employer. Employers will have to build loyalty with this age group and the benefits offering will go a long way toward achieving this.
- Ensure that all offerings have a mobile feature. Gen Z is the total smartphone generation.
- Constant communication and education will be critical. This group will want input before they buy any benefit products, and personal counseling will be very welcome.
- Any benefits campaign will need a presence on social media to reach this group and create an impact.
- Benefits will need to be flexible and portable. This generation will likely work more than one job concurrently.
Engagement for many in the industry translates to having employees engaged in their individual health: taking ownership of their personal situation and utilizing the programs and tools available to them to improve. While that is an important piece, employers will be looking to broaden the term engagement. Employers want their staff to have a positive experience working for the company and are beginning to make that a priority as it directly impacts productivity. Creating a culture of health and offering strong health and wellness initiatives will better unite employees and employers. The benefit package and the work/life balance offered by the employer will help shape employee engagement in the workplace.
- Invest in worker development programs and embrace digital tools to deliver the programs.
- Offer financial incentives and introduce gamification to drive healthy behaviors and the use of health care tools.
- Use data (clinical and other) to create a more personal experience for each employee. This will better connect them with their employer and improve satisfaction.
- Be prepared to finance. Improving engagement - which will improve health, which will improve productivity, which will improve retention - will take a financial commitment.
The term “financial wellness” has been a buzzword in the employee benefits industry for some time now, and it’s a relevant topic in all parts of the world. The shift in employer focus from wellness to total wellbeing means including financial wellness in any strategic discussions.
Listen to this podcast from our SVP, Benefit Practice Leader Dan Gowen to better understand:
- How to define financial wellness
- Why it’s a hot topic
- Why employers should care about it
Named as the Only Honoree in Ohio and One of Only 30 Women Nationwide
COLUMBUS, OHIO – Meg Allwein, Senior Vice President and Chief Quality Officer of Assurex Global in Columbus, Ohio, has been named one of 30 Women to Watch in the United States insurance industry by Business Insurance.
Expands worldwide partnership of independent brokers with leading regional firms in Panama, Mexico City, Netherlands and New York City.
COLUMBUS, OHIO – Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, has welcomed five leading independent insurance brokers as its newest shareholders. The addition of these firms brings the number of Assurex Global Partners in all parts of the world to 107.
The Internal Revenue Service recently announced new limits for Health Savings Accounts (HSAs) for calendar year 2019.
While the minimum deductible levels did not change, the out-of-pocket maximums and maximum contribution levels did increase.
These changes have ramifications for employers planning their benefit strategies for 2019.
Should you have specific questions, please reach out to an Assurex Global Partner.
View Health Savings Accounts Annual Limits here.
COLUMBUS, OH – Juan Mario Acevedo, president of Correcol – Corredores Colombianos de Seguros, has been elected to the board of directors of Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group. He will also serve as the Latin America/Caribbean regional chairman.
COLUMBUS, OHIO – Assurex Global, the world’s largest privately held commercial insurance, risk management, and employee benefits brokerage group, recently held its 2017 Global Conference in Sydney, Australia.
COLUMBUS, OHIO – Kristy Furrer, senior vice president and vice chair of Woodruff-Sawyer & Co. in San Francisco, California, has been elected to the Board of Directors of Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group.
COLUMBUS, OHIO – Greg LaMair, CPCU, ARM, is president of LMC Insurance & Risk Management, Inc. in West Des Moines, Iowa, has been elected to the Board of Directors of Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group.
Expands worldwide partnership of independent brokers with leading regional firms in Brazil and Vietnam.
COLUMBUS, OHIO – Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, has welcomed two leading independent insurance brokers as its newest shareholders. The two firms – headquartered in São Paulo, Brazil and Saigon (Ho Chi Minh City), Vietnam – bring the number of Assurex Global partners in all parts of the world to 110.
With heightened compliance requirements, automation may be a game changer, but steep costs stifle decisions.
COLUMBUS, OHIO – Although automation can streamline workflows and ease administrative burdens under the Employee Retirement Income Security Act (ERISA) and the Affordable Care Act, human resources executives remain stifled by fears of choosing the wrong technology.
Assurex Global report offers steps for nonprofits to stem high rates of volunteer turnover
COLUMBUS, OHIO – With volunteers often vital to their success, nonprofits need to establish a strategic framework for recruiting, screening, managing and retaining these workers. A new report from Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, finds high turnover rates among voluntary workers to be a significant issue for many nonprofits.
Businesses in the health care, transportation, and manufacturing industries have a responsibility to their employees’ health and safety. This responsibility is especially important because their employee’s job performance impacts the safety and health of patients, drivers and many others.
Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, today announced the election of Matt Donnelly as chairman of its board of directors.
Volunteers perform a number of pivotal tasks for nonprofits, from greeting guests at a museum to providing leadership experience on a board of directors. Nonprofits may believe their organization does not need insurance to protect against the risks associated with using volunteers. However, accidents and crimes do happen, and nonprofits must be prepared for the risks involved when working with volunteers.
New Report from Assurex Global Cites Key Misconceptions About Cyber Threats Among Middle Market Companies
Some Businesses Still Lag Behind in Securing Protection
COLUMBUS, OHIO – Despite frequent media reports of hacking, cybercrime, security breaches and related events in all parts of the U.S., many middle market companies continue to underestimate their exposure to these attacks along with their need for focused risk management measures, which may include the purchase of specialized insurance.
Global Survey Finds Mid-Sized Firms See Natural Disaster Exposures As Increasing, But Insurance and Risk Management May Fall Short
Gap Exists Between Catastrophe Risks and Readiness as Many Firms Lack Insurance,
Planning, Direction, and Government Infrastructure for Preparedness and Recovery
COLUMBUS, OHIO – Even as middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing, many fall short of managing these risks effectively. A new survey of senior executives at more than 80 leading independent insurance brokers whose commercial clients operate primarily within their own countries finds many mid-sized firms may lack adequate insurance, continuity planning, risk management and civil infrastructure support to prepare for and recover from large-scale natural disasters.
Specialty Coverage Often Needed As Most Standard Commercial Liability Policies Exclude Airport Risks
COLUMBUS, OHIO – Municipal airports, as well as the authorities and fix-base operators that manage many of their activities, must navigate a wide range of potential liability exposures related to the safety and security of passengers, aircraft, materials and equipment on their premises. A new report from Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, describes several unique risks for airports and the specialized insurance coverages that can address them.
Captive has provided Professional Liability Insurance to Large, Independent Insurance Agents and Brokers for 30 years
HAMILTON, BERMUDA – Professional Agencies Reinsurance, Ltd. (PAR), a captive insurance company domiciled in Bermuda, has been named to the Bermuda Captive Hall of Fame. Conceived and established by Assurex Global and The Council of Insurance Agents and Brokers (CIAB) in 1986, PAR provides professional liability insurance (E&O) for large independent insurance agents and brokers. Its founding group also included Allianz Global Corporate & Specialty (AGCS, formerly Fireman’s Fund Insurance Company).
The drone market is forecasted to hit $4.8 billion by 2021. With so many companies and individuals employing unmanned aircraft, the need for insurance coverage will only increase.
In 2015 alone, more than 13 million Americans fell victim to identity fraud, resulting in damages of more than $15 billion.
Navigating the employee benefits and human resources landscape can be especially challenging due to nearly constant tech innovations, legislation and other industry complexities. One way to learn more about this ever-changing industry is to seek advice and news from top online HR resources. While the Assurex Global Employee Benefits Practice Group offers important whitepapers on everything from using data to make more informed benefits plan decisions, to how marijuana legalization can affect your workplace, we are always on the lookout for additional resources to stay on top of our HR game.
Of course, there are a plethora of HR blogs to be found online, but we’ve decided to pare that down to a list of our favorite “lucky 7” HR blogs that we think you should be reading, too. Whether you’re an HR manager, business owner, C-suite executive or employee benefits insurance provider, you’re sure to find something on our list that could be beneficial.
New Report from Assurex Global flags risks for firms with temp workers
COLUMBUS, OHIO – Construction companies and contractors that employ temporary or leased workers now have added incentives to make sure they’re in compliance with federal and state labor regulations along with their reporting requirements. In a new report, Assurex Global observes that the U.S. Occupational Safety and Health Administration (OSHA) will soon impose substantially larger penalties for workplace safety violations, the first such increases in 25 years.
On October 30, 2015, the SEC passed Title III of the Jumpstart Our Business (JOBS) Act. This long-awaited legislation opens equity crowdfunding opportunities from 8.6 million accredited investors to 233.7 million combined accredited and non-accredited investors. It also provides a green light for investors from a lower income bracket who may not be familiar with this high-risk field of investing.
COLUMBUS, OHIO – Chris Duble, CEO of Fred C. Church in Lowell, Massachusetts, has been elected to the board of directors of Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group.
Expands worldwide Partnership of independent brokers with leading regional firms in Mississippi, Pennsylvania, New York State, Puerto Rico and Guam
COLUMBUS, OHIO – Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, has welcomed five leading independent insurance brokers as its newest Shareholders. The five firms – headquartered in Guam; San Juan, Puerto Rico; Pittsburgh, PA; Jackson, MS; and Harrison, NY – bring to 108 the number of Assurex Global Partners in all parts of the world.
Commercial Insurance Market for Drones Taking Shape
COLUMBUS, OHIO – As the commercial and recreational use of drones continues to expand rapidly throughout the U.S, businesses and government entities relying on them face potential liability exposures, which may not be covered under standard commercial general liability (CGL) insurance policies. Meanwhile, insurance companies are becoming increasingly concerned about aviation risks the proliferation of drones represents. Continue reading →
Four states within the U.S. have completely legalized marijuana, and many others are putting the issue on their ballots. This situation creates a grey area for employers trying to keep their workplace efficient, safe and compliant.
Construction defects are generally defined as: A deficiency in the design or construction of a building or structure resulting from a failure to design or construct in a reasonably workmanlike manner, and/or in accordance with a buyer’s reasonable expectation.
And, unlike the leaning tower of Pisa, construction defects are typically not beloved by those involved.
Managing your finances and investments can be a difficult feat to pursue alone, especially when you are an individual of high net worth. This is because you may require advisors who are successful in very distinct specializations.
Assurex Global Partners work closely with some of the top private wealth management and risk management firms, as well as financial advisors who know the ins and outs of what it takes to manage and invest your money in the most beneficial ways for your unique needs.
Thankfully, there are also many wealth management blogs and online resources that offer expert advice on managing your money. Here are the lucky seven that made our list of the best wealth management blogs that we think you should start reading for smarter money and asset management.
While Concerns about Cyber Risk May Be Universal, Few View It as Biggest Exposure
COLUMBUS, OHIO – Middle market businesses in different regions of the world vary significantly in what they perceive as the most significant risks facing their enterprises. A new survey of senior executives at 68 leading independent insurance brokers whose commercial clients operate primarily within their own countries finds widespread concerns about cyber risk are often trumped by what these firms see as larger exposures.
Four states within the U.S. have completely legalized marijuana, and many others are putting the issue on their ballots. As marijuana moves into a grey area in terms of legality, we must ask: How does marijuana affect an employers’ ability to create a safe and efficient working environment and to hire talented and qualified employees?
Employee Navigator, a rapidly growing provider of benefits, HR, and compliance software, has been named a Preferred Employee Benefits Service Provider for Assurex Global, a partnership of leading independent agents and brokers worldwide. Assurex Global joins a rapidly growing list of brokers who have chosen Employee Navigator as a software provider, with the platform already supporting more than 13,000 companies and 1.5M employees nationwide with HR, benefit administration and ACA reporting services.
In 2016, OSHA will increase its workplace safety violation penalties for the first time in 25 years. The initial hike will raise fines by approximately 80 percent.
To educate contractors on how to avoid a citation, we developed an infographic, Avoid Temporary Worker OSHA Citations. By reading the infographic, you’ll learn about the
- Four employee classifications
- Four tests to determine employee type
- Seven methods for avoiding an OSHA audit
Read the full infographic to learn more.
There is a nearly endless pool of health-related data. But, without analysis, the data is meaningless and inactionable – just a jumble of ones and zeros.
COLUMBUS, OHIO – Three key managers of Assurex Global Partner firms in the U.S. have been recognized by the editors of Risk & Insurance®, a leading U.S. trade publication covering risk management and commercial insurance, as 2016 Power Broker® Rising Stars. Risk & Insurance announced the winners in its March print edition.
Although the U.S. economy has turned around, the construction industry has fierce competition when it comes to landing projects. As a subcontractor, one of the best ways to ensure that your organization is favored by a general contractor is making sure you’re prequalified.
But what is prequalification? And how can you ensure you’ll be prequalified?
Find out the answers to these questions and more by reading our latest white paper, “Subcontractor Prequalification: Putting Your Best Foot Forward,” prepared by our Partners at Assurex Global.
Are you having trouble keeping up with the ever-changing construction industry? While it may not be easy to stay abreast on every little change that comes our way (hey, we’re all busy!), it’s crucial for everyone from construction managers, contractors and construction insurance firms to stay up to date on industry trends, news and technology. Assurex Global Partners work closely with some of the largest construction firms in developing their insurance plans, so our team is always on the lookout for the latest information on issues that are important to our clients; like keeping construction workers safe, cutting overhead costs, construction risk management and more.
Five Executives of Assurex Global Partner Firms Recognized by Risk & Insurance® as 2016 Power Brokers® or Finalists
Since 1970, the rate of death for construction workers has dropped by 67 percent. However, one death on the job is still one death too many. According to “Building a Commitment to Workplace Safety,” a white paper from our Partners at Assurex Global, there is more to safety then simply applying hardware like hard hats, protective eye wear, and gloves. Safety is a mental and behavioral-based commitment that workers and their managers make every day.
Over the past two decades, an increasing number of Americans are transferring personal ownership of residential property to trusts, LLCs, limited liability partnerships (LLPs) and other asset-protection or tax-advantaged entities. While transferring real property to an entity can offer a number of benefits, this strategy can also create significant unintended gaps in insurance coverage.
Continue reading →
How often do you travel for work or pleasure? The majority of us do so quite frequently, and yet we give little thought to how we keep our identity and data safe while doing so. To keep us informed and vigilant during our travels, Assurex Global asked its “go to” resource for digital forensics and cyber security, LIFARS, to answer some questions all of us should be asking—but often don’t think to consider—regarding our digital security while on the road.
For those unfamiliar, the promise behind the Internet of Things (IoT) is to enable technology enhanced objects—such as appliances, light switches, door openers, printers, etc.—with connectivity, thereby allowing them to communicate with homeowners and in many cases each other. Smart home appliances and other gadgets already help consumers perform a number of tasks remotely, including changing the thermostat, unlocking doors, adjusting interior and exterior lights, monitoring webcams, and operating home appliances.
Continue reading →
Like a thief cuts through a bike lock, hackers can override your technology’s security measures. To keep us mindful of security best practices, Assurex Global’s “go to” resource for digital forensics and cybersecurity, LIFARS, has answered questions we should all be asking.
Think your business is reasonably safe from a cyber attack? Think again. The threat is so widespread that there is an entire black market built to arm hackers with the tools they need to breach your systems. Even worse, 50 percent of online traffic is automated. It does not sleep. It is ever-present, and it can be searching for your data—or your client’s data at any moment. Should a hacker gain access into your business’ network, the results could be devastating in terms of lost assets, lost credibility, and a tarnished reputation.
Independent insurance agents and brokers frequently find that families with substantial assets who insure their homes, autos, watercraft, and valuable collections with mass-market, heavily advertised carriers overpay for protection that still leaves them exposed to severe financial loss.
In these highly uncertain economic times, the issue of disparities in wealth, income, and taxation has become the subject of heated debate. As the controversy deepens and proliferates, newly released research by ACE Private Risk Services, the high net worth personal insurance business of the ACE Group, shows that many high net worth families are concerned this environment is heightening the risk they will be the target of a high-stakes liability lawsuit.
The Great Recession of 2007 shed a painful light on the inadequacies of the construction industry’s typical business model. Because of the highly cyclical nature of the business, contractors can no longer measure success on how much revenue growth they experience, how much equipment they own or how big their jobs are.
COLUMBUS, OHIO – Assurex Global, the world’s largest privately held commercial insurance, risk management, and employee benefits brokerage group, recently held its 2015 Shareholders’ Meeting & Global Conference in Dublin, Ireland. The conference brought together nearly 200 attendees, representing 72 Partner firms from 35 countries to share best practices and discuss future initiatives of Assurex Global.
The New Private Exchange Option Offers More Flexibility
Cleveland-based Oswald Companies, an insurance brokerage and risk management firm, is the first Partner firm to utilize the customized version of the Assurex Global Private Exchange. The announcement was made by John Clark, senior vice president, benefits practice leader, Assurex Global.
This new customized version differs in that it has unlimited plan options that allow businesses to keep their current plans. Conversely, the packaged Private Exchange is a predetermined bundle of benefit options that stays constant with all participating groups.
“We created a custom exchange option so that our Partner firms can offer their clients more flexibility and options,” said Clark. “Partner firms such as Oswald Companies are now able to offer their clients the easy-to-implement, packaged Private Exchange approach, while having the custom Exchange as an additional option.”
Columbus-based Assurex Global adds industry mainstay, Insurance Group President, CEO to Board of Directors
COLUMBUS, OHIO – Ray Celedinas, president and CEO, Celedinas Insurance Group in Palm Beach Gardens, Florida, has been elected to the board of directors of Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group.
“Ray is an outstanding addition to our board,” Assurex Global President & CEO Jim Hackbarth said. “He and his firm have provided critical support in the startup of Assurex Global’s Private Client Practice Group. He is a true industry innovator. ”
Under Mr. Celedinas’ leadership, Celedinas Insurance Group, which is licensed nationally, has grown into one of the country’s largest and most widely respected insurance brokers. A Partner firm of Assurex Global since 2012, it has six offices in South Florida.
In addition to his leadership roles with Assurex Global and Celedinas Insurance Group, Mr. Celedinas is a principal or founder in several other national wholesale and retail insurance organizations catering primarily to the insurance needs of affluent clientele. These firms include Private Client Insurance Group, Orchid Underwriters, Vero Insurance and Smart Choice Agents of Florida.
Columbus, OH – Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, has welcomed two leading insurance brokers as its newest Shareholders. With the addition of ECM Solutions in Charlotte and Wells Insurance in Wilmington, Assurex Global now has a worldwide Partnership of 106 firms serving six continents.
ECM Solutions was founded in 1987 and employs a staff of 67 across two locations: Charlotte, North Carolina, and Greenville, South Carolina. The firm has been awarded the “Best Practices” standard by the Independent Insurance Agents & Brokers of America for the past 14 straight years. It handles all different types and sizes of business with noted expertise in alternative risk financing techniques such as captives. ECM also works with international exposures outside of the U.S. and has a deep pool of resources for clients including a unique disease management program.
“We are highly energized about being part of the Assurex Global Partnership,” said Jeff Haney, president, ECM Solutions. “We especially look forward to working with partners involved in international business development as we have clients with operations across multiple geographies. The Partnership has excellent processes and tools in the area from which we can assuredly benefit.”
COLUMBUS, OH – Demonstrating its ongoing commitment to supporting young professionals, Assurex Global has come together withThe National Alliance to become the inaugural Sustaining Partners of Gamma lota Sigma. This partnership will focus on empowering the next generation of insurance professionals with opportunities and learning resources. This effort complements Assurex Global’s financial support of higher education scholarships for those pursuing careers in risk management and insurance.
According to William J. Hold, CRM, CISR, vice president of The National Alliance for Insurance Education & Research, “We are all focused on the future of our industry. Our collaborative mission with Gamma Iota Sigma and Assurex Global will assure quality, credentialed professionals in insurance and risk management.”
To contrast our greater value with those working to commoditize our business, we’ve recently examined the importance of demonstrating to consumers how protection varies among different personal insurance policies and clearly defining the “something more” a risk adviser provides. In this third and final installment on providing consumers a more valuable client experience, we examine the need to also serve consumers as an expert resource by providing helpful content to enhance their protection from many personal risks.
As personal risk advisers, we know our true value to consumers is far greater than functioning solely as an intermediary to procure insurance coverage. To broaden our positive impact, we have previously examined how to help consumers reduce their exposure to many risks through the many risk management services available by a select group of insurers (“Personal Risk Management Services: More Than Just Insurance“). Meanwhile, if we rely only on the risk management services provided by insurers to add value, at least some consumers will rightly question who is providing them with value.
COLUMBUS, OH – Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, has welcomed two leading insurance brokers as its newest Shareholders. With the addition of Australia-based GSA Insurance Brokers Pty Ltd and Dominican Republic-based Franco Fernandez & Asociados, S.R.L., Assurex Global now has a worldwide Partnership of 105 firms serving six continents.
GSA was founded in 1990 and specializes in servicing medium to large, privately owned, publicly listed companies and affinity clients. GSA has a substantial client base of well-known Australian, New Zealand and international businesses. They are widely recognized as the first choice of international brokers. GSA owns and shares directorship of Brooklyn Underwriting, a wholesale underwriting agency that has won the ANZIIF Underwriting Agency of the Year Award for the last three years. GSA employs 50 individuals, and Brooklyn Underwriting employs 20. With a clear emphasis on excellence and an unwavering determination for client service and satisfaction, GSA and Brooklyn pride themselves on an extremely high rate of client retention.
COLUMBUS, OH – Demonstrating its ongoing commitment to supporting young professionals, Assurex Global has come together with The National Alliance to become the inaugural Sustaining Partners of Gamma Iota Sigma. This partnership will focus on empowering the next generation of insurance professionals with opportunities and learning resources. This effort complements Assurex Global’s financial support of higher education scholarships for those pursuing careers in risk management and insurance.
According to William J. Hold, CRM, CISR, vice president of The National Alliance for Insurance Education & Research, “We are all focused on the future of our industry. Our collaborative mission with Gamma Iota Sigma and Assurex Global will assure quality, credentialed professionals in insurance and risk management.” Continue reading →
Columbus, OH – Assurex Global is pleased to announce the hiring of three vice presidents to lead the company’s strategic efforts.
Assurex Global Partners with GoHealth to Provide Employers Health Insurance Solution for Individuals
Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group, announces a strategic partnership with GoHealth, the nation’s leading private health insurance exchange for individuals and families. The partnership addresses employers’ growing demand for non-group benefits solutions. Through the collaboration, all 48 of Assurex Global’s Partner firms in the United States can offer GoHealth’s private exchange to their employer clients at no cost.
COLUMBUS, OH – Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group has welcomed three leading insurance brokers as its newest Shareholders. With the addition of U.S.-based Pritchard & Jerden and Seacrest Partners as well as Italian firm Strategica Group, Assurex Global now has 104 firms in its worldwide Partnership serving six continents.
Now in its 60th year, Assurex Global was founded on the concept of providing unsurpassed client service and innovative insurance, risk management and employee benefits solutions to a diverse group of international clients. The strategic insight and influence of the Assurex Global Partnership has been a driving force of growth for the Shareholders and their portfolios of clients.
COLUMBUS, OH – Much has changed since 1954 when Assurex Global, then known as Insurance Service Association of America, was formed by the partnership of 12 insurance brokers across North America. This week as Assurex Global kicks off a year-long celebration of its diamond anniversary, the corporate office has moved into a new location at 175 South Third Street in downtown Columbus.
The relocation comes after an extensive search for new office space, which will make the Assurex Global corporate office more accessible for its many domestic and international agents and brokers who travel to meet with Assurex Global. Last week the 20-member staff, which includes executive leadership and support personnel, moved into the new 10,500-foot office suite on the eighth floor.
COLUMBUS, OH – Assurex Global, an exclusive Partnership of the most prominent independent agents and brokers in the world, marked its 60th anniversary last week as the start of a year-long celebration of this milestone began at their Global Conference, 9-11 September 2014, in Baltimore, Maryland, USA.
General Colin L. Powell, USA (Ret.) served as one of two keynote speakers and addressed the Partnership during a one-hour session on “Leadership: Taking Charge.” The second keynote presentation was delivered by renowned international speaker and consultant David Mead, whose discussion focused on “Start With Why.”
COLUMBUS, OHIO – Dean Hildebrandt, CEO of Ahmann-Martin in Minneapolis, Minn., was recently elected to Assurex Global’s board of directors prior to its North America Regional Conference, in March in Miami Beach, Fla.
“We are thrilled to add Dean to our board of directors,” said Jim Hackbarth, president and CEO of Columbus-based Assurex Global. “Dean adds great experience, insight and leadership to the board with his active engagement in Assurex Global committees and task forces. I look forward to his contributions as Assurex Global continues to evolve into a business development-support organization for our Partner firms.”
COLUMBUS, OHIO – The Assurex Global Private Exchange offers a unique private health care marketplace for businesses as the Affordable Care Act approaches a Jan. 1, 2014 launch.
This national private exchange gives employers a wide range of administrative flexibility and employee health benefit options within the industry.
COLUMBUS, OHIO – Tom Hughston, CEO of Roach Howard Smith & Barton in Dallas, Texas, was recently named a member of the Assurex Global board of directors at the 2013 Global Conference and Shareholders’ Meeting in Dubai, United Arab Emirates. Assurex Global is the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group.
COLUMBUS, OHIO – Bob Cawley, president of RCM&D in Baltimore, Md., is the 2013-2015 chairman of Assurex Global. He succeeds Stefan Nill, CEO & managing partner of Leue & Nill in Dortmund, Germany.
Cawley was recently elected during the Global Conference and Shareholders’ Meeting in Dubai, United Arab Emirates, which boasted Assurex Global Partner firms from more than 30 countries. Assurex Global is the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group. Celebrating 60 years in 2014, Assurex Global is an exclusive partnership of the most prominent independent agents and brokers in the world.