The Insurance Information Institute, The Institutes plan to affiliate
Additional details will be announced publicly as the deal is finalized later this month.
The Insurance Information Institute’s (Triple-I) board of directors approved plans to have the Triple-I enter into an affiliation with The Institutes, which The Institutes’ board agreed to. The terms will be finalized later this month.
The affiliation, which will bring the Triple-I brand into the Malvern, Pa.-based The Institutes structure, reflects the changing landscape of the broader industry and the economy. Moreover, it will unify two data-driven organizations and continue The Institutes’ strategy to leverage the synergies of like-minded organizations.
“With 60 years of quality work serving as the trusted voice of objective insurance information, the Insurance Information Institute’s brand is invaluable to us. Combining their assets with ours will allow both organizations to turn the page on the next chapter of their operations and sets both of us up for continued long-term success,” Peter Miller, president and CEO of The Institutes, said in a statement.
For Triple-I, this evolution is the next step in the organization’s pursuit of a modern, transparent and team-oriented structure that reflects the diversity and breadth of their membership.
“This forward-looking decision is the culmination of several years of strategic dialogue both internally at the Triple-I and with The Institutes. Taking this next step will further unify our collective efforts when it is needed most, grant both the Triple-I and The Institutes greater access to a deeper bench of resources and expertise, and improve value for Triple-I’s member companies across the country,” Sean Kevelighan, CEO of Triple-I, said in a statement.
Additional details will be announced publicly as the deal is finalized.
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