Premium financing

Succession Capital Alliance Kicks Off New Year by Joining M Financial Group

Retrieved on:

Wednesday, February 21, 2024

Premium financing, SCA, M Financial Group, Partnership

NEWPORT BEACH, Calif., Feb. 21, 2024 /PRNewswire/ -- Succession Capital Alliance (SCA), the premier joint work partner and creators of the Premium Financing concept in the high-net-worth life insurance space since 1996, has joined M Financial Group as a Member Firm.

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NEWPORT BEACH, Calif., Feb. 21, 2024 /PRNewswire/ -- Succession Capital Alliance (SCA), the premier joint work partner and creators of the Premium Financing concept in the high-net-worth life insurance space since 1996, has joined M Financial Group as a Member Firm.
Succession Capital Alliance's President & CEO, Julian Movsesian, shared his excitement about the new firm's membership, "We are thrilled to have joined M Financial Group.
This partnership signifies SCA's commitment to driving innovation, fostering growth, and achieving new heights in the ever-evolving life insurance industry.
"I am pleased to welcome Succession Capital Alliance as our newest M Member Firm," said Russell Bundschuh, President & CEO of M Financial Group.

Pavo Partners with Finsure for Premium Finance Marketplace

Retrieved on:

Wednesday, May 17, 2023

AMS, Insurance, Policy, MGA, Partnership, Premium financing, Fintech, Pavo

Pavo's has developed innovative software to deliver the first Premium Finance marketplace, making insurance more accessible and affordable.

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Pavo's has developed innovative software to deliver the first Premium Finance marketplace, making insurance more accessible and affordable.
Katie Wexler, the CEO of Pavo, expressed her enthusiasm, saying, "We are thrilled to partner with Finsure Consulting on this cutting edge venture.
Michelle Bothe, CEO of Finsure Consulting, shared her excitement about the partnership: "The collaboration between Pavo and Finsure is a perfect fit.
Together, we are poised to deliver a premium finance marketplace that sets new industry standards."

PacWest Bancorp Announces the Evolution of Its Business Strategy

Retrieved on:

Friday, January 27, 2023

Civic, Multi-family office, Sale, Growth, Safety, PacWest, FHLB, Premium financing, PacWest Bancorp, Management, Bank

This plan focuses on strengthening our community bank businesses, exiting non-core products and services, and improving our operational efficiency.

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This plan focuses on strengthening our community bank businesses, exiting non-core products and services, and improving our operational efficiency.
Specifically, the Company made the decision to wind down operations in our Premium Finance and Multi-Family lending groups in the fourth quarter of 2022.
These actions align with our strategy to focus on relationship-based community banking and to improve capital, liquidity, and operational efficiency.
PacWest has a long history of acquisitions that brought us great customers, talented employees but also varied processes and different cultures.

Life Insurance Leader Succession Capital Alliance Gears Up for Major Growth

Retrieved on:

Wednesday, July 27, 2022

CA, Property & Casualty Management Systems, Insurance, Industry, CEO, Property, Amwin, SCA, CMS, Marketing, Premium financing, Technology, Senior, Williamson, Growth, Management, Financial services, Airline, Movsesian

NEWPORT BEACH, Calif., July 27, 2022 /PRNewswire/ --Since 1996, Succession Capital Alliance (SCA) President and CEO, Julian Movsesian, has been an innovator and leader in the Life Insurance Industry.

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NEWPORT BEACH, Calif., July 27, 2022 /PRNewswire/ --Since 1996, Succession Capital Alliance (SCA) President and CEO, Julian Movsesian, has been an innovator and leader in the Life Insurance Industry.
As the creator of Premium Financing Life Insurance, Movsesian has led SCA alongside his Executive Vice President, Michael Rothman to achieve the major milestone of placing over $54 billion of life insurance.
Succession Capital, headquartered in Newport Beach, CA, is the gold standard in advanced life insurance planning for advisors and their high-net-worth clients.
For additional information on CMS - Succession Capital Alliance, please visit www.SuccessionCapital.com , https://www.linkedin.com/company/succession-capital-alliance , or call 949-794-1882

Total Financial Partners with DigitalOwl to Stay on the Cutting Edge of Innovation and Underwriting Technology

Retrieved on:

Thursday, July 14, 2022

The partnership with DigitalOwl, utilizing state-of-the-art technology to produce a Digital Underwriting Abstract to streamline the underwriting process, is yet another step to keep them on the cutting edge of the brokerage world.

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The partnership with DigitalOwl, utilizing state-of-the-art technology to produce a Digital Underwriting Abstract to streamline the underwriting process, is yet another step to keep them on the cutting edge of the brokerage world.
DigitalOwls technology produces a Digital Underwriting Abstract of a customers medical record in the form of a comprehensive, interactive document in hours versus days.
DigitalOwls Digital Underwriting Abstract provides an industry-leading and forward-thinking approach which complements our concierge underwriting services, providing the detail and high-quality analysis Total Financial strives to provide to our clients.
Our access to powerful technology tools, unmatched underwriting, and access to industry experts is unparalleled in the brokerage community, said Diana Greenberg, President and CEO of Total Financial.

Cornell Financial Group Announces Its Association with Innovative Tax Mitigation Program Based on NIW Strategy

Retrieved on:

Tuesday, April 19, 2022

NIW, Cornell University, Norman, Insurance, Tax, Premium financing

The financial planning and wealth management firm was created to educate and assist people in tax mitigation, and currently employs a strategy variation of Premium Finance - developed by NIW

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According to Cornell Financial Group, the product named Kai-Zen was developed by NIW and possesses a unique trust structure and plan set up, combined with the loan safety that allows lenders to issue loans to clients without having to underwrite them financially.
The tax planning firm says the redesigned and de-risked product will accommodate the unique complexities of supplemental income.
Cornell Financial Group is a tax planning and wealth creation firm developed to educate and assist people with tax mitigation using various strategies and tactics as the circumstances warrant.
They also help with investment planning, financial planning, tax planning, disability insurance, life insurance , long term care insurance, and more.

Read Davis, Renee Keen named to leadership positions with McGriff

Retrieved on:

Wednesday, September 1, 2021

Read Davis, currently president of McGriff's Georgia region, will become CEO, McGriff Specialty and Middle Market, while Renee Keen, the business' National Personal Lines & Small Business practice leader, will assume the position of CEO, McGriff Small Business and Personal.

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Read Davis, currently president of McGriff's Georgia region, will become CEO, McGriff Specialty and Middle Market, while Renee Keen, the business' National Personal Lines & Small Business practice leader, will assume the position of CEO, McGriff Small Business and Personal.
Both positions will report to John Howard, who was recently named chief insurance officer of Truist Financial Corporation and retains the position of chairman and CEO of Truist Insurance Holdings.
"Read and Renee are proven leaders, and these appointments recognize the outstanding contributions they have made to our organization during their careers," said Howard.
"I am sure they will have an even greater impact on the continued success of McGriff in their new roles."

Applied Announces SNAP Premium Financing as Latest Integration Partner

Retrieved on:

Thursday, June 10, 2021

Insurance, Premium financing

Mississauga, ON, June 10, 2021 (GLOBE NEWSWIRE) -- Applied Systems today announced a new Applied Integration Partner, SNAP Premium Financing, a pioneer in payment solutions designed to make insurance payments smoother and faster, as part of its Applied Partner Program.

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Mississauga, ON, June 10, 2021 (GLOBE NEWSWIRE) -- Applied Systems today announced a new Applied Integration Partner, SNAP Premium Financing, a pioneer in payment solutions designed to make insurance payments smoother and faster, as part of its Applied Partner Program.
We are thrilled with the opportunity to partner with Applied and to leverage their industry-leading platform, said Paul Zarookian, Executive Vice President of SNAP Premium Finance.
Applied Integration Partners develop and distribute Applied Certified Integrations to shared customers to further streamline business operations and increase data accuracy across disparate systems.
We are excited to have SNAP Premium Financing as an Integration Partner as its innovation supports more efficient operations and simple customer payment experiences.

PremFina Launches App to Pay for "On Demand" Insurance

Retrieved on:

Thursday, May 13, 2021

Insurance, Premium financing

b'LONDON, May 13, 2021 /PRNewswire/ -- PremFina Limited ("PremFina"), the U.K.\'s first venture capital backed premium finance company, introduced a new product that allows insurance customers to pay for their premiums on-demand.

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b'LONDON, May 13, 2021 /PRNewswire/ -- PremFina Limited ("PremFina"), the U.K.\'s first venture capital backed premium finance company, introduced a new product that allows insurance customers to pay for their premiums on-demand.
It is available as a white label app on both iOS and Android platforms and accessible via a website.
iFaaS enables customers to buy and finance insurance premiums "on-demand" on a daily, weekly, or monthly annual basis.\n"iFaaS makes buying insurance as simple as buying a package on Netflix," said CEO Bundeep Singh Rangar.
"It gives customers the freedom to turn insurance \'on\' and \'off\' on demand.

Universal Bank selects Input 1's servicing platform and technology stack for its insurance premium finance business

Retrieved on:

Tuesday, May 4, 2021

Finance, Insurance, Premium financing, Premium, Companies, ING Group, Financial services

Armando Carlos, Sr. VP, Universal Bank\nUniversal Bank is now offering Insurance Premium Financing in California and has gone through great lengths to find the right partner to service its customers and agents.

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Armando Carlos, Sr. VP, Universal Bank\nUniversal Bank is now offering Insurance Premium Financing in California and has gone through great lengths to find the right partner to service its customers and agents.
"Universal Bank has selected Input 1 because they bring innovative solutions and a great wealth of experience that will allow Universal Bank\'s Insurance Premium Financing program to thrive," said Armando Carlos, Sr. VP, Business Development and Production Manager for Universal Bank.
"\nInput 1\'s ability to quickly deploy a mature and technologically rich premium finance offering will immediately impact Universal Bank\'s growth trajectory.
"We are proud to be the technology platform upon which Universal Bank will build their premium finance business in Southern California," said Chris Farfaras, EVP &CSMO of Input 1.