Specialists in Bank Insurance Income
Opportunity Assessment
Since every bank is unique, insurance opportunities of banks very
widely. The Opportunity Assessment identifies your bank's
insurance opportunities, prioritizes insurance products, projects
potential income, and evaluates methods for entry into insurance.
The objective of the Opportunity Assessment is to aid a bank in
making informed decisions on it's insurance opportunities and
strategy for entry into insurance.
Identifying
Partners
Whether your bank's strategy is to develop an alliance or to
acquire an insurance agency, experience has shown that a "fit"
must exist with the institution. We have the ability to conduct
searches and the due diligence to identify potential partners or
acquisitions and evaluate them for an appropriate "fit" with your
organization.
Alliances
Many banks will develop insurance operations through alliances
with other organizations. We assist you in defining the
formal structure, the roles of the partners, compensation sharing,
and other issues pertaining to the development of an effective
alliance arrangement.
Insurance Agency
Acquisitions
We offer a range of services to assist financial institutions in
acquiring insurance agencies.
These services
include:
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Fair Market Valuations
We establish the fair market value of an insurance agency
being considered for possible acquisition.
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Offer Development
Developing an appropriate offer goes beyond just the offer
price. We assist in formulating a "deal structure" that
addresses strategy, price, employment contracts, incentives,
contingencies and covenants and other aspects of the
acquisition offer. |
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Negotiations
Acquisition offers typically lead to counteroffers and
negotiations. We assist you in evaluating counteroffers and in
negotiations with the targeted agency. |
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Due Diligence
Following a definitive agreement, we can assist with the
due diligence necessary to closing on the acquisition.
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Implementation & Integration
Once the acquisition is complete, effective integration of the
agency is critically important to the success of your
insurance operation. With our unique expertise in both banking
and insurance, we can assist you in developing and executing a
strategy for integration of your insurance operation into the
bank. |
Performance
Improvement Services
Financial institutions with existing insurance operations can
also benefit from our expertise. Operating efficiency and
effective business strategies are essential to maximizing income
and other benefits from your institutions’ insurance operation. We
have the tools to evaluate the effectiveness of your insurance
operation and enhance performance. Additionally, we can
assist in developing effective strategies to grow and expand your
institution’s insurance income opportunities. |
