The Insurance Exchange Trust Inc LexisNexis Risk Solutions

The LexisNexis Insurance Exchange is a single-entry collaborative insurance placement platform that automates and streamlines the flow of application data and documents between insurance agents and brokers, wholesalers and carriers. It is designed to promote and facilitate competition in insurance markets and to provide a level of efficiency and increased productivity.

The Insurance Exchange Trust is a non-stock membership company, which will be managed by members of the board of trustees. The following have been named to the board as founding trustees:

J. Hyatt Brown, Brown & Brown
Andrew G. Cassidy, Early, Cassidy & Schilling Inc.
Albert R. Counselman RCM&D Inc.
Ken A. Crerar, The Council of Insurance Agents & Brokers
M. Steven DeCarlo, AmWINS Group Inc.
Sharon Emek, CBS Coverage Group,Inc., representing the Independent Insurance Agents & Brokers of America
Clyde H. Fitch Jr., State Auto
Lawrence G. Graev, The GlenRock Group LLC, representing MarketCore
James Hackbarth, Assurex Global
Russell Johnston, CHARTIS
Greg Maciag, ACORD
Markham R. McKnight, BancorpSouth Insurance Services Inc.
Mark J. Moitoso, Liberty Mutual Group;
H. Wade Reece, BB&T Insurance Services Inc.
George A. Steadman III, Rutherfoord/MMA
Robert H. Rheel, Zurich.

The Insurance Exchange launched an Early Adopter Controlled Release with 16 leading U.S. brokerage firms that will submit applications over the next several months to test the system and provide feedback. Importantly, all carriers can access the Insurance Exchange from day one, meaning an agent or broker can reach all of their appointed markets by inviting their carriers to receive submissions through the Insurance Exchange.

Full production through the Insurance Exchange is expected to begin in the second quarter of 2011.

Special Reports /

Insurance Exchange Trust is launched

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