The institute said Thursday that it plans to complete its affiliation with the New York-based Insurance Information Institute on November 16.
In accordance with the transaction, I.I.I. will maintain its offices in New York and Arlington, Virginia, the Malvern, Pennsylvania-based provider of education and research in risk management and property / accident insurance, said in a statement.
I.I.I. will also "maintain staff across the country," the statement said. I.I.I. did not respond to a request for further comment.
I.I.I. President and CEO Sean Kevelighan has led the organization since August 2016. The organization hired 29 employees in 2018, shows its annual tax return.
Företagsförsäkring reported in June that the institutes were discussing the acquisition of III and the affiliation was later confirmed in a joint announcement by both organizations.
The deal follows a series of acquisitions of the institutes, which offer many training courses and resources for professional development for the insurance and risk management sector, including Chartered Property Casualty Underwriter and Associate in risk management programs. It serves about 1
I.I.I .: membership includes more than 60 insurance companies, although its membership levels have declined since 2016 amid deteriorating finances. Catalog