Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
AssuredpArtnersAcquiresinsurAncesystemsAssuredPartnersInc.hasacquiredsubstantiallyalloftheassetsofInsuranceSystemsInc.andInsuranceSystemsofWestVirginiaInc.basedinOnaWestVirginia.x1cWethinkouradditiontotheAssuredPartnersplatformwillhelpuscontinuetoattractthebestpeopleandtohavetheinsurancecarrierrelationshipstotakecareofourclients.x1dInsuranceSystemsInc.isafullserviceinsuranceagencyservingthetri-stateareaWVOHKYsince1926andwillestablishanewofceforAssuredPartners.TomRileyPresidentandChiefOperatingOfcerofAssuredPartnersInc.commentedx1cThisacquisitionillustratesourstrategytoacquirethebestinsuranceagencyoperationsinnewgeographiesaddingtalentedpeoplewithapassionforgreatcustomerservicetoourexistingagencyplatforms.x1dArchKellerPresidentofInsuranceSystemsremarkedx1cCombiningwithAssuredPartnersrepresentsthebestofallworldsforISIanditscustomers.Wehaveensuredourperpetuationkeptourlocalautonomyandgainednancialandoperatingresourcestocontinuetoliveoutdailyourcustomermottox13Countusamongyourfriends.x1dDavidRobinsonSecretaryTreasurerofInsuranceSystemsconcurredaddingx1cWethinkouradditiontotheAssuredPartnersplatformwillhelpuscontinuetoattractthebestpeopleandtohavetheinsurancecarrierrelationshipstotakecareofourclients.x1dAboux18AssuredParx18nersInc.HeadquarteredinLakeMaryFloridaandledbyJimHendersonandTomRileyAssuredPartnersInc.aportfoliocompanyofChicago-basedprivateequityrmGTCRacquiresandinvestsinpropertyandcasualtyandemployeebenetsbrokeragebusinessesacrossthecountry.AfterjusttwelvemonthsofoperationsAssuredPartnershasapproximately170millioninannualizedrevenueandcontinuestobeoneofthefastestgrowinginsurancebrokeragermsintheUnitedStates.FormoreinformationpleasecontactDeanCurtisCFOat407708-0031ordcurx18isassuredpx18r.comorvisitwww.assuredpx18r.com.Aboux18gtCRFoundedin1980GTCRisaleadingprivateequityrmfocusedoninvestingingrowthcompaniesintheFinancialServicesTechnologyHealthcareandInformationServicesTechnologyindustries.TheChicago-basedrmpioneeredthex1cLeadersStrategyx1dx13ndingandpartneringwithmanagementleadersasthecriticalrststepinidentifyingacquiringandbuildingmarket-leadingcompaniesthroughacquisitionsandorganicgrowth.SinceitsinceptionGTCRhasinvestedmorethan9billioninover200companies.Formoreinformationpleasevisitwww.x10x18cr.com.ForfurtherinformationcontactDeanCurtisatAssuredPartnersInc.at407-708-0031.page10APublicationofIndependentInsuranceAgentsofWVinsurerseyeFederAltAXreFormtoniXFeesbIllNOTyETGAININGSUPPORTFROMCONSERVATIVEDEMOCRATSWithGOPrepealeffortsstalledoutthisyearhealthinsurersareeyeinganexpectedefforttooverhaulthenationx19sTaxCodenextyearastheirbestshottogetridofataxtheyx19llhavetopayunderPresidentBarackObamax19shealthcarelaw.Lobbyistsforthehealthinsuranceindustryarecallingonlawmakerstomakerepealofthex1chealthinsurancetaxx1dapriorityduringthosediscussionsarguingthatarewriteoftheTaxCodeisthebesttimetore-examinethetaxthatisexpectedtohelppayforhealthcarereform.x1cThisaddstothecostofcoveragex1dAmericax19sHealthInsurancePlansPresidentKarenIgnagnisaidlastweekatabrienghostedbytheCongressionalHealthCareCaucusaGOPcongressionalforumthatincludedleadersfromthebusinesscommunity.x1cThisissomethingwex19llwanttotakealookatpriorto2014duringtaxreform.x1dTheHouseandSenatetax-writingcommitteesareinearlydiscussionsonpruningtheTaxCode.TheearlystepsbyAHIPandgroupssuchastheNationalFederationofIndependentBusinessx14whichheadsacoalitionthatlobbiesforrepealofthefeesx14underscorewhatislikelytobeafrenziedlobbyingeffortbyotherspecialintereststhatarealsotaxedundertheAffordableCareAct.x1cIthinkitx19sentirelyappropriatetohavethisonthetablefortaxreformx1dsaidDouglasHoltz-EakinformerCongressionalBudgetOfcechiefwhorunstheAmericanActionForumaconservativethinktank.AmandaAustindirectoroffederalpublicpolicyfortheNFIBsaidtheTaxCodediscussionsshouldopenthedoortoanewlookatthefullrangeoftaxesinthehealthcarelawincludingtheinsurersx19fees.x1cIfwehavetheopportunitytotalkabouttaxreformthenweshouldhighlightthisaswellastheindividualmandatetheemployermandateandotherfeesandtaxesx1dAustinsaid.x1cThebarfortaxreformhasbeensetwhereeverybodywantstoplayinthatgame.x1dTheinsurancefeewillgointoeffectin2014.Itx19saxedamountmeaninghealthinsurerswillpayenoughtomeetbroadrevenuetargetseachyearx148billionin201411.3billionin2015and2016onupto14.3billionandmorethrough2022.continuedonpage11