WEST ATLANTIC CITY, N.J., Dec. 22, 2025 /PRNewswire-HISPANIC PR WIRE/ — The Great Bay Insurance Group (the “Group”), the leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Brian S. Schleider., has been named as Executive Vice President and Chief Financial Officer of the Group and Sharon Karlsson-Simons has been promoted to Senior Vice President of Business Development for Great Bay Underwriting Services, a wholly owned affiliate of the Group.

Mr. Schleider joined the Group in March 2020 as Chief Financial Officer. He has over 35 years of industry experience in accounting, finance and capital management. He has a has an MBA from Saint Joseph’s University and a BS in Accounting from Rider University. He’s currently a member of the American Institute of Certified Public Accountants.

Ms. Karlsson-Simons joined Great Bay in March 2020 as Director of Marketing and brings over 35 years of industry experience in a career deeply rooted in the coastal insurance sector. She is widely recognized for her ability to drive profitable expansion and for cultivating strong, long-lasting robust agency relationships. In addition, Sharon holds a degree in Advertising and Marketing Communications from FIT.

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Ruben Veerasamy’s expertise and leadership will be instrumental in driving forward the IAC mission in ensuring that the Caribbean insurance industry continues to evolve.

PORT OF SPAIN, Trinidad and Tobago, Sept. 10, 2025 /PRNewswire-HISPANIC PR WIRE/ — Equisoft, a leading global provider of digital solutions for the insurance and wealth industries, is pleased to announce that Ruben Veerasamy, Equisoft’s leading insurance expert in the Caribbean, has joined the IAC Board of Directors. The announcement was made during the 43^rd Annual Caribbean Insurance Conference in Panama.

“We’re thrilled to welcome Ruben as a new member of our Board of Directors. With over 20 years of extensive experience in the industry, we believe Ruben will significantly contribute to fulfilling IAC’s mission of promoting and fostering the advancement of the Caribbean insurance industry,” said Patrick G. W. Ward, President, IAC.

Ruben brings a unique blend of technical expertise and strategic leadership to the IAC board. In his current role overseeing sales, project delivery, and account management for the Caribbean region, Ruben has helped 18 Caribbean insurers modernize their legacy systems. His hands-on experience guiding insurance carriers through complex digital transformations, ensuring optimal solutions are delivered on-time and on-budget, positions him to provide valuable insights that will help shape the future direction of the Caribbean insurance industry.

“I’m deeply honored to join the IAC Board of Directors. I’m excited to contribute to help drive forward IAC’s mission in fostering the advancement of the Caribbean insurance industry,” said Ruben Veerasamy, Equisoft Senior VP, Caribbean. “Partnering with IAC is part of Equisoft’s global mission to make financial services accessible to all through innovative technologies and industry collaborations,” added Veerasamy.

About IAC

IAC was the brainchild of a small group of visionaries (industry leaders from Jamaica, Trinidad & Tobago, Guyana and Barbados) who wanted to prepare the indigenous insurance industry for the future challenges of the remaining century. Its mission is to promote and foster the advancement of the Caribbean insurance industry through research, education and advocacy, in so doing to create a platform for regional harmonisation and integration in the industry.

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 300 of the world’s leading financial institutions, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. With its business-driven approach, deep industry knowledge, innovative technology, and multicultural team of experts based in North America, the Caribbean, Latin America, Europe, Africa, Asia and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information, please visit www.equisoft.com.

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WEST ATLANTIC CITY, N.J., Aug. 22, 2025 /PRNewswire-HISPANIC PR WIRE/ — The Great Bay Insurance Group (the “Group”), the leading provider of coastal homeowners’ insurance in New Jersey, today announced that Timothy J. Byrne, Sr., Chief Executive Officer of the Group, has been award the Company Person of the Year by the PIANJ at its annual conference. This award is given to individuals who foster a strong working relationship with agents and brokers, and who exemplify a commitment to professionalism and service.

Great Bay is a coastal Homeowners writer in New Jersey with plans to expand into other products and States. Great Bay is known for its ease of doing business, prompt fair claims handling and most of all for providing a stable market.

Mr. Byrne, Sr., a founding member of the Group in 2019, has over 40 years of broad industry experience in various leadership capacities. Mr. Byrne began his career at 14 years old working summers in his father’s retail agency founded by his grandfather John J Byrne in 1959, The J Byrne Agency of Cape May County NJ, working nine summers while attending Wildwood High School, Rutgers College and a post-graduate degree in Insurance from what is now the St. John’s School of Risk Management, Insurance & Actuarial Science. Mr. Byrne joined the agency full-time in June of 1983.

In 2003 Mr. Byrne, having identified the need for a Coastal Homeowners option, founded Coastal Agents Alliance (”CAA”) ultimately placing over $50,000,000 in surplus lines homeowners’ business in eight northeast states. In 2015 he sold CAA to Gryphon investors who merged CAA with Orchid Underwriters out of Vero Beach FL.

After three years at Orchid Underwriters, Mr. Byrne left to form Great Bay Insurance Group, which began operations in August of 2019. In Mr. Byrne’s acceptance speech, he highlighted his love of independent agents and how IAs were the key to his success. Between his time at CAA and Orchid he claimed he has probably visited more independent agencies than any other person alive. “Few can do what independent agencies can do,” Mr. Byrne told the audience of independent agents. “From the threat of ‘captive agents’ in the 1970s to the ‘banks-forming-insurance-agencies’ of the 1990s to the current AI and the internet cutting out the middleman, agents have survived. Weathering the coastal HO crises post Andrew or KRW, or the wildfire crisis post-California fires, IA’s have not only survived but thrive in challenging environments. Other outlets of distribution pack up and go home,” said Mr. Byrne.

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The transaction was completed with a highly rated Japanese life insurance carrier (“Company”). Aspida Re, rated A- (Excellent) by AM Best, will reinsure new or incoming flow business. The reinsured product is a Japanese yen (JPY) denominated fixed annuity, highlighting Aspida Re’s ability to manage foreign exchange risk and deliver tailored solutions to its cedents.

“This transaction is highly strategic for Aspida Re,” said David Florian, CEO of Aspida Re. “It reflects our deep commitment to the Japanese market and our broader vision of supporting insurers around the world with innovative, capital-efficient reinsurance solutions.”

Aspida Re’s continued growth in Asian markets demonstrates its agility and expertise in navigating complex regulatory and financial environments, while reinforcing its role as a trusted partner in the global reinsurance landscape.

“We are excited to secure our second Japanese reinsurance agreement,” said Jon Steffen, President and Chief Actuary of Aspida Re. “Our flexibility and customized solutions allow us to provide significant advantage to clients and partners, no matter their location.”

To learn more about Aspida Re, visit aspidare.bm.

About Aspida Re

Aspida Life Re Ltd (“Aspida Re”), a Bermuda-based reinsurance platform, is focused on providing efficient and secure life and annuity reinsurance solutions to its global clients. Aspida Re seeks to be a trusted partner in its clients’ long-term financial growth by delivering creative, customized solutions while driving business by doing good for the communities it serves. Aspida Re is part of Aspida Holdings Ltd, with over $23.1bn in total assets as of March 31, 2025. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions, and corporate development partner to Aspida Re. For more information on Aspida Re, please visit www.aspidare.bm or follow them on LinkedIn.

Aspida Re amplía su presencia global con una transacción estratégica de reaseguros en Japón

CARIBPR WIRE, DURHAM, Carolina del Norte, July 22, 2025: Aspida Life Re Ltd (”Aspida Re”), una compañía de reaseguros de vida y rentas vitalicias con sede en Bermudas, anunció la ejecución de su segunda transacción de reaseguros en Japón, con fecha efectiva del 1 de junio de 2025. Este logro marca un paso significativo en la estrategia continua de Aspida Re para expandir su presencia global y ofrecer soluciones innovadoras de reaseguros a los socios de seguros de vida y rentas vitalicias en todo el mundo.

La transacción se completó con una compañía de seguros de vida japonesa altamente calificada (”empresa”). Aspida Re, clasificado A- (Excelente) por AM Best, reasegurará el negocio de flujo nuevo o entrante. El producto reasegurado es una renta vitalicia fija denominada en yenes japoneses (JPY), que destaca la capacidad de Aspida Re para gestionar el riesgo cambiario y ofrecer soluciones personalizadas a sus cedentes.

“Esta transacción es altamente estratégica para Aspida Re”, dijo David Florian, director ejecutivo de Aspida Re. “Refleja nuestro profundo compromiso con el mercado japonés y nuestra visión más amplia de apoyar a las aseguradoras de todo el mundo con soluciones de reaseguros innovadoras y eficaces en capital”.

El crecimiento continuo de Aspida Re en los mercados asiáticos demuestra su agilidad y experiencia para desenvolverse en entornos regulatorios y financieros complejos, mientras fortalece su rol como socio de confianza en el escenario global de los reaseguros.

“Estamos muy contentos de asegurar nuestro segundo acuerdo de reaseguros japonés”, dijo Jon Steffen, presidente y actuario jefe de Aspida Re. “Nuestra flexibilidad y soluciones personalizadas nos permiten ofrecer una ventaja significativa a los clientes y socios, independientemente de su ubicación”.

Para más información acerca de Aspida Re, visite aspidare.bm.

Acerca de Aspida Re

Aspida Life Re Ltd (”Aspida Re”), una plataforma de reaseguros con sede en Bermudas, se centra en ofrecer soluciones eficaces y seguras de reaseguros de vida y rentas vitalicias para sus clientes globales. Aspida Re busca ser un socio de confianza en el crecimiento financiero a largo plazo de sus clientes ofreciendo soluciones creativas y personalizadas, al mismo tiempo que impulsa el negocio haciendo el bien en las comunidades a las que sirve. Aspida Re es parte de Aspida Holdings Ltd, con más de $ 23.1 mil millones en activos totales al 31 de marzo de 2025. Una subsidiaria de Ares Management Corporation (NYSE: ARES) actúa como el administrador de inversiones dedicado, soluciones de capital y socio de desarrollo corporativo de Aspida Re. Para más información sobre Aspida Re, visite, www.aspidare.bm o siga LinkedIn.

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The integration of Equisoft/illustrate, a powerful insurance illustration software, streamlines sales processes and accelerates Family Guardian’s digital transformation.

TRINIDAD AND TOBAGO, March 19, 2024 /PRNewswire-HISPANIC PR WIRE/ — Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the modernization of Family Guardian Insurance Company’s front-end tools for its insurance businesses.

Family Guardian Insurance Company is a leading insurer in The Bahamas. After the successful implementation of Equisoft/manage solution, integrated with Oracle Insurance Policy Administration (OIPA) system, for their Home Services division, Equisoft was again selected to replace Family Guardian’s Illustrations system for its Financial Services division. The Equisoft/illustrate system was successfully integrated within the agreed-upon timeframe.

“By retiring our legacy system and integrating Equisoft/illustrate we have digitalized our front-end tools enabling us to create efficiencies and enhance service delivery for our customers. We thank the Equisoft team for their support and commend them for their innovation,” says Glen O. A. Ritchie, CPA, Family Guardian President.

“We’re proud that Family Guardian has chosen us to be their trusted partner to implement solutions that meet the evolving expectations of digital consumers,” says Ruben Veerasamy, Senior Vice President, Caribbean at Equisoft. “I am pleased that our speed of implementation has enabled Family Guardian to accelerate their transformation and maintain their leadership in the Bahamian market.”

About Family Guardian

Family Guardian was founded in 1965 and for almost 60 years, has helped Bahamians plan for their future with a broad range of life insurance and investment products offered through its three sales divisions: Home Service, Financial Services and Group Life and Health. With nine sales offices in New Providence, Grand Bahama, Abaco, Exuma and Eleuthera, Family Guardian also has resident sales representatives in Andros, Long Island, Cat Island, San Salvador and Acklins. Family Guardian is a wholly-owned subsidiary of FamGuard Corporation Limited, a publicly traded company listed with The Bahamas International Securities Exchange (BISX). Website: familyguardian.com

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 278 of the world’s leading financial institutions, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s largest and most experienced partner for the OIPA platform. With its business-driven approach, deep industry knowledge, innovative technology, and multicultural team of experts based in North America, the Caribbean, Latin America, Europe, Africa, Asia and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information, please visit www.equisoft.com.

For more information about Equisoft/illustrate, click here: https://hubs.li/Q02pDQXw0

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PORT OF SPAIN, Trinidad, PHILADELPHIA and MONTREAL, Nov. 28, 2023 /PRNewswire-HISPANIC PR WIRE/ — Equisoft, a leading global digital solutions provider to the financial industry, is proud to announce the continuation of the successful implementation of its SaaS policy administration platform for Guardian Life Limited (Jamaica) (’GLL‘), a member of Guardian Group, the region’s largest insurance organization. The rapid deployment of this complex project required integrations with several internal and external systems.

“Implementing Equisoft/manage from our legacy systems enables us to launch products faster and consolidate multiple PAS into one modern system,” says Eric Hosin, Group Head of Life, Health, and Pensions, Guardian Holdings Limited. “Equisoft’s insurance solutions, data migration expertise, and proven track record in the Caribbean offer us the best combination to implement our digital transformation strategy.”

In the first phase of the project, Equisoft implemented the Equisoft/manage policy administration system for GLL’s individual and Group Health products as well as Group Life products. It is built on the Oracle Insurance Policy Administration platform.

During the course of the project, Equisoft’s data conversion and migration company, Universal Conversion Technologies (UCT) will be a key partner for the successful implementation of the modernization program.

“We are proud to partner with Guardian Life Limited, a company that is committed to providing their customers with the best digital experience, and we are thrilled that this complex project was implemented in a short period of time,” said Ruben Veerasamy, Senior Vice President, Caribbean, Equisoft. “Consolidating their legacy systems into one modern, cloud-based platform will enable them to become even more agile, accelerate product innovation and streamline operations. This partnership adds to our growing list of more than a dozen projects completed in the region.”

To learn more about Equisoft/manage, click here.

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 250 of the world’s leading financial institutions, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s largest and most experienced partner for the OIPA platform. With its business-driven approach, deep industry knowledge, innovative technology, and multicultural team of experts based in North America, the Caribbean, Latin America, Africa, Asia and Australia. Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information, please visit www.equisoft.com.

GLL is an assurance company established in Jamaica since August 1999. The company is engaged in the underwriting of all classes of long-term insurance business. GLL is managed by a President who is responsible to a Board of Directors for the operation of its business. GLL’s policies are sold by employed insurance advisers and brokers. We operate ten branches in Jamaica and deliver superior service by focusing on customer needs and operational excellence.

We are the company of choice in Jamaica for our insurance solutions, financial strength and outstanding service-delivery achieved through our superior team, corporate citizenship, and authentic appeal. GLL is the only harbor for your investments, allowing you to get on with living life to the fullest.

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Jeff Poulin, Global Head of Canada Life Reinsurance, affirms this agreement is another example of Canada Life Reinsurance’s strength as a partner for longevity reinsurance transactions globally.

“We are pleased to build and grow our relationship with Athora Netherlands with this major reinsurance agreement,” says Poulin. “It demonstrates our ability to work together with our partners to meet their reinsurance needs and adapt our solutions to their needs over time.”

Canada Life Reinsurance offers a range of innovative risk and capital management solutions for life, health and non-life risk to insurers, reinsurers, and pension funds globally.

About Canada Life Reinsurance

Canada Life Reinsurance provides its clients with reinsurance solutions for life and health, annuity, and property & casualty business through its offices in the United States, Canada, Ireland, Bermuda, and Barbados. Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco Inc. To learn more, visit canadalifere.com.

About Great-West Lifeco Inc.

Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the United States and Europe under the brands Canada Life, Empower Retirement, Putnam Investments, and Irish Life.  At the end of 2020, our companies had approximately 24,500 employees, 205,000 advisor relationships, and thousands of distribution partners – all serving our more than 30 million customer relationships across these regions.

Great-West Lifeco and its companies have approximately CDN $2.0 trillion in consolidated assets under administration as at December 31, 2020 and are members of the Power Corporation group of companies.  Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO.  To learn more, visit greatwestlifeco.com.

Jeff Poulin, Global Head of Canada Life Reinsurance said this agreement is another example of Canada Life Reinsurance’s strength as a partner for reinsurance longevity transactions globally.

“I’m pleased that despite a significantly altered work environment due to Covid-19, Canada Life Reinsurance and NN Life’s teams worked together to complete this major transaction,” said Poulin. “It will allow us to further expand and diversify our global longevity business in 2020 and beyond.”

Derek Popkes, Chief Operating Officer at Canada Life Reinsurance, agreed, adding, “Canada Life Reinsurance remains focused on delivering for our clients in these challenging times.  We look forward to a long and mutually beneficial relationship with NN Life. Our commitment to the Dutch market and our strong financials make us a good partner in the Netherlands.”

Canada Life Reinsurance offers a range of innovative risk and capital management solutions for life, health and non-life risk to insurers, reinsurers and pension funds globally.

About NN Life
NN Life is a subsidiary of NN Group. NN Group is an international financial services company, active in 18 countries, with a strong presence in a number of European countries and Japan. With all its employees, the Group provides retirement services, pensions, insurance, investments and banking to approximately 18 million customers. NN Group includes Nationale-Nederlanden, NN, NN Investment Partners, ABN AMRO Insurance, Movir, AZL, BeFrank and OHRA. NN Group is listed on Euronext Amsterdam (NN).

About Canada Life Reinsurance
Canada Life Reinsurance is a division of The Canada Life Assurance Company and includes certain of its subsidiaries and affiliates. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco Inc.

About Great-West Lifeco Inc.
Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the United States and Europe under the brands Canada Life, Empower Retirement, Putnam Investments and Irish Life. At the end of 2019, our companies had approximately 24,000 employees, 197,000 advisor relationships, and thousands of distribution partners – all serving our more than 31 million customer relationships across these regions. Lifeco and its companies have over Can$1.5 trillion in consolidated assets under administration as of March 31, 2020 and are members of the Power Corporation group of companies. Lifeco trades on the Toronto (TSX) Stock Exchange under the ticker symbol GWO. To learn more, visit greatwestlifeco.com.

Jeff Poulin, Global Head of Canada Life Reinsurance, commented, “This transaction is the result of a great effort by both our team and Aegon’s team and highlights Canada Life Reinsurance’s strength as a partner for reinsurance longevity transactions globally”.  Derek Popkes, Chief Operating Officer at Canada Life Reinsurance, added “We are delighted to grow and diversify our global longevity portfolio by working with Aegon to deliver a transformational longevity transaction tailored to their specific requirements.  We will continue to innovate and work in partnership with our valued clients to deliver the best risk transfer solutions matching their objectives.”

Canada Life Reinsurance offers a range of innovative risk and capital management solutions covering mortality, longevity, health and lapse risks for insurers, reinsurers and pension funds across the U.S. and Europe, including the Netherlands, the U.K., France, Germany, Italy, Spain, Portugal, Sweden, Belgium and Ireland.

About Aegon
Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. More information on www.aegon.com.

About Canada Life Reinsurance
Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco Inc.

About Great-West Lifeco
Great-West Lifeco Inc. (TSX:GWO) is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Great-West Lifeco has operations in Canada, the United States, Europe and Asia through Canada Life, Empower Retirement, Putnam Investments, and Irish Life. At the end of 2018, our companies had approximately 24,200 employees, 240,000 advisor relationships, and thousands of distribution partners – all serving our more than 31 million customer relationships across these regions.
Great-West Lifeco and its companies have €1.1 trillion (approximately C$1.6 trillion) * in consolidated assets under administration and are members of the Power Financial Corporation group of companies.

An OIPA system to start the New Year

Equisoft integration teams ensured that Family Guardian went live with its fully integrated OIPA platform earlier this year. In addition to replacing the legacy platform, the project encompassed data migration by Universal Conversion Technologies, an Equisoft subsidiary.

“We are very excited with these new technological developments and how they will create efficiencies and enhanced service delivery for our customers,” says Family Guardian President, Glen O. A. Ritchie, CPA.

More implementations planned

Equisoft has also been mandated by Family Guardian to modernize a number of front-end tools over the next few years.

“Working as a strategic partner for Family Guardian allows us to develop effective solutions that better address future business and digital challenges,” says Ruben Veerasamy, Vice President, Consulting & Account Management at Equisoft. “Adding Family Guardian to our already prestigious list of customers makes us extremely proud, and we are committed to continue to build a strong presence in the Caribbean.”

About Family Guardian Insurance Company

Family Guardian was founded in 1965 and for more than 50 years, has helped Bahamians plan for their future with a broad range of life insurance and investment products offered through its three sales divisions: Home Service, Financial Services and Group Life and Health. With nine sales offices in New Providence, Grand Bahama, Abaco, Exuma and Eleuthera, Family Guardian also has resident sales representatives in Andros, Long Island, Cat Island, San Salvador and Acklins. Family Guardian is a wholly-owned subsidiary of FamGuard Corporation Limited, a publicly traded company listed with the Bahamas International Securities Exchange (BISX). Website: familyguardian.com

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced digital solutions in life insurance and wealth management. Recognized as a valued partner by over 50 of the world’s leading financial institutions in 15 countries, Equisoft offers innovative front-end applications, extensive back office services and a unique data migration expertise. The firm’s industry-leading products include CRM, financial needs analysis, asset allocation, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s main global partner for the Oracle Insurance Policy Administration platform. With its business-driven approach, deep industry knowledge, state-of-the-art technology, and a growing team of over 375 specialized resources based in the USA, Canada, Latin America, South Africa and India, Equisoft helps financial institutions tackle any challenge in this new era of digital disruption. Website: equisoft.com