News Archive

Vertafore Announces Company Reorganization to "One Vertafore"

Feb. 26, 2009 - Boulder, CO

Vertafore, a provider of market-leading software and services to the insurance industry, today announced a corporate reorganization to "One Vertafore", a move that aligns the company's business units to meet the changing needs of their customers. The company will organize around market segments rather than products by creating three business units: Vertafore Agency Markets, Vertafore Carrier & MGA Markets and Sircon, A Vertafore Business.

"Whether they are small agencies or the largest carriers, our customers' technology needs are getting more complex daily," said Euan Menzies, president and chief executive officer of Vertafore. "By acting as One Vertafore, we can help our customers run their businesses efficiently and provide them with a clear path to competitive advantage and bottom-line results."

With the changes, Vertafore's current products will be organized under the new business units defined by market segments, Menzies said. Vertafore Agency Markets will serve insurance agents and brokers while Vertafore Carrier & MGA Markets will cater to insurance carriers, managing general agents (MGAs), reinsurers and premium finance companies. Sircon, A Vertafore Business, will continue to focus on the compliance, licensing and government markets.

Menzies said Vertafore will continue to sell its industry leading products such as AMS 360, Sagitta, BenefitPoint and other agency management systems; ImageRight content management and workflow products; SilverPlume Sage and PL rating; and Sircon's Compliance Express and Producer Manager, among others.

The company also announced four changes among its executive management team in conjunction with the reorganization. Bill Bunker has been named President, Vertafore Agency Markets and Matt McKernan has been named President, Vertafore Carrier & MGA Markets. McKernan replaces Don Elias, who is leaving the company in late March. Additionally, Susanna Morgan has been named Senior Vice President, Product Strategy & Marketing and Vance Huntley has been promoted to Senior Vice President, Chief Technology Officer.

"This new structure will allow us to better integrate products, provide our customers with more consistency in sales, support, and services, and leverage the insurance and technology expertise from the more than 1,100 Vertafore employees," Menzies said. "Until now, customers had to piece together a variety of products to create a total technology solution. By acting as One Vertafore, we can capitalize on our unique market position to provide our customers with innovative connected solutions that no other company has offered before."

Menzies said the company will present its reorganization and unveil the elements of its new corporate brand at the 33rd annual AMS Users' Group National Conference March 12-15 in Washington, D.C.

SilverPlume Introduces ClientConnect™ for P&C Agencies

Boulder, CO - April 28, 2008

SilverPlume Reference Systems, the leader in insurance technology and information solutions, today released ClientConnect™ for P&C agents. The new Property and Casualty version of ClientConnect allows agencies to offer innovative on-line communication solutions and a risk management center to Commercial Lines insurance buyers. Producers seeking to represent themselves to customers as more than a place to purchase insurance can offer ClientConnect as a value-added service. With ClientConnect any agency can quickly deploy customizable, branded, communication portals and provide safety and loss control solutions to employers.

Eric Maki, SilverPlume’s senior product manager, says, "SilverPlume responded to the challenge from our 2,500 agency subscribers to develop an affordable solution to help them deliver a higher level of professional, value-added services. For 19 years our subscribers have trusted SilverPlume for their internal reference, and now with ClientConnect P&C they extend a trusted resource to their clients. ClientConnect is like giving a company a virtual risk manager. Leveraging technology to help companies make more informed decisions about their risk portfolio really gets to the core of what it means to be a successful insurance professional today.”

ClientConnect is an innovative, affordable and easy-to-use communication solution, risk management resource, and employee benefits and administration tool. By delivering up-to-date content from SilverPlume, ClientConnect significantly reduces the time and overhead normally spent maintaining insurance or benefits sites. ClientConnect includes three portals: Broker, Client and Employee, and is also available in a Benefits & HR version.

"Large agencies with extensive resources frequently offer additional services to their customers as a way to differentiate themselves,” said Shaun McNeill, vice president sales and marketing at SilverPlume. "Offering value-added services is not a new idea. ClientConnect P&C can level the playing field for mid-size agencies. Now they have an affordable way to compete in the marketplace.”