SWMIC subsidiary chosen as dealer of selection for 3 extra syndicates
LAKEWOOD, NJ, March 3, 2021 (GLOBE NEWSWIRE) – by way of NewMediaWire – Reliance World Group, Inc. (Nasdaq: RELI; RELIW), an organization specializing within the acquisition and administration of insurance coverage companies in the USA, broadcasts that it’s increasing its gross sales initiatives to massive companies and worker organizations. Because of this, Reliance World Group’s wholly owned subsidiary, Southwestern Montana Insurance coverage Middle, LLC (SWMIC), was not too long ago named the dealer of selection for 3 different unions.
Ezra Beyman, CEO of Reliance World Group, mentioned: “Along with launching 5minuteinsure.com, our direct-to-consumer providing, we’re additionally accelerating our gross sales and advertising initiatives concentrating on massive companies and worker organizations. I’m glad to report, SWMIC was not too long ago named Dealer of Selection for 3 Main Regional Unions. This follows the collection of SWMIC because the dealer of selection for 18 public faculty districts. We’re pursuing this identical technique in parallel with our different companies. “
“We stay true to our mission of buying and managing worthwhile and undervalued insurance coverage companies, the place we intend to leverage our nationwide footprint and obtain economies of scale. Our 5minuteinsure.com platform could be very complementary to this technique as it’s designed to supply a value efficient nationwide platform for on-line prospects to check quotes and direct them to an agent of their area who can reply questions and hyperlink coverage. We imagine that our multi-channel method will permit us to quickly scale the enterprise and is a powerful validation of the worth we’re including to our portfolio of insurance coverage actions. “
About Reliance World Group, Inc.
Reliance World Group, Inc. (NASDAQ: RELI) is shifting ahead with its objective of working within the insurance coverage business by means of its insurance coverage brokerage companies and on-line insurance coverage companies, and probably different sectors. RELI’s objective continues to be to develop the corporate by pursuing a technique of aggressive development of acquisition alternatives, together with insurance coverage companies. Insurance coverage companies, not like insurers, don’t bear any insurance coverage threat. The Firm is managed by Reliance World Holdings, LLC, a New York-based restricted legal responsibility firm that owns and operates quite a few corporations whose core pursuits are invested in actual property and insurance coverage brokerage.
This press launch comprises forward-looking statements throughout the which means of the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Statements apart from statements of historic reality included on this press launch could represent forward-looking statements and don’t are usually not ensures of future efficiency, circumstances or outcomes and contain plenty of dangers and uncertainties. Precise outcomes could differ materially from forward-looking statements resulting from plenty of elements, together with these described once in a while in our filings with the Securities and Trade Fee and elsewhere. The Firm assumes no obligation to replace any forward-looking statements made herein. All forward-looking statements communicate solely as of the date of this press launch.
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