Reliance Global Appoints Grant Barra Senior Vice President of Operations
April 28 2022 - 11:00AM
via NewMediaWire --
Reliance Global Group,
Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the
“Company”), which combines artificial intelligence (AI) and
cloud-based technologies with the personalized experience of a
traditional insurance agency, today announced it has appointed
Grant Barra as Senior Vice President of Operations following the
recently announced acquisition of Barra & Associates.
In addition to overseeing the Barra & Associates subsidiary,
Mr. Barra will be responsible for overseeing expansion of the
agency partner network and introduction of new InsurTech to
accelerate growth.
Mr. Barra brings over 18 years of experience in
the insurance industry. In 2008, he founded Barra &
Associates, which quickly grew to become a recognized provider of
both personal and commercial insurance products, including property
and casualty, life, health and other insurance products.
Along with founding Barra & Associates, he served in a
leadership role for a single life carrier, where he focused on
recruitment, development, and motivating independent agents to sell
life insurance products. Earlier in his career, he founded Grant
Barra Agency, providing all lines of insurance policies under a
captive agency agreement. Mr. Barra received a Bachelor of
Science in Business Administration from DeVry University, in
addition to earning a certificate in contract law with Harvard
University (HarvardX). He is a Chartered Leadership Fellow
and a member of the Life Underwriting Training Council at The
American College of Financial Services.
Ezra Beyman, CEO of Reliance Global Group,
commented, “We are delighted to welcome Grant to the senior
management team given his impressive track record growing revenues
and driving profitability within the insurance industry. We
look forward to leveraging his skills, as he has built a successful
distribution platform for agents to sell life and health, as well
as property and casualty insurance products. He brings deep
industry relationships and an ability to capitalize on these
networks, which will be particularly valuable as we expand our
agency partner network, as well as accelerate our M&A
strategy. He is also adept at deploying technologies to
enhance sales and improve operating efficiency, which will be
highly complementary to our
own 5MinuteInsure.com platform, which we are expanding
beyond the direct-to consumer market. We look forward to
providing further updates on these initiatives in the weeks
ahead.”
Grant Barra further noted, “There are numerous
barriers to entry within the independent agency channel that have
prevented many quality agents from breaking away from single
carrier agreements. I look forward to building upon Reliance Global
Group’s robust infrastructure, as we introduce a new InsurTech
platform that will allow access to multiple carriers, backend
support and cutting edge technology. In turn, we believe this
will make it significantly easier to drive revenue while minimizing
the costs to acquire clients.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI, RELIW)
is combining advanced technologies, with the personalized
experience of a traditional insurance agency model. Reliance Global
Group’s growth strategy includes both an organic expansion,
including through 5MinuteInsure.com, as well as acquiring well
managed, undervalued and cash flow positive insurance agencies.
Additional information about the Company is available
at https://www.relianceglobalgroup.com/.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. Statements
other than statements of historical facts included in this press
release may constitute forward-looking statements and are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in our filings with the Securities and Exchange Commission and
elsewhere. The Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
Contact:
Crescendo Communications, LLCTel: +1 (212)
671-1020Email: RELI@crescendo-ir.com
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