Fiona Cuddy joins the MGA from Canada Life
Independent Financial Concepts Group expands Hub’s broker network
Major insurers’ acquisitions of large MGAs a growing trend
Nick Pszeniczny, executive vice president of the Advisory Network, GWL’s, Canada Life’s and London Life’s combined distribution organization, will step into his new role on July 1
ABEX Brokerage Services and ABEX National Brokerage will be integrated in PPI, a new subsidiary that IA acquired six weeks ago
Phil Marsillo named president
The acquisition of two sizable MGAs adds 3,000 independent life insurance advisors to IA’s distribution network
The deal reinforces the company’s presence in the MGA marketplace in central Ontario
A growing list of compliance responsibilities - including advisor oversight - and a trend toward acquisition by larger firms presents challenges for independent insurance distributors
Finaeo has raised more than $2 million toward project to create a digital “marketplace” for insurance advisors