WALNUT CREEK, Calif., May 3, 2007 (PRIME NEWSWIRE) -- Personnel Insurance Services Inc., a benefits administrator and insurance agency serving the needs of the non profit community announces it is changing its name to PORTAL Insurance Agency, Inc. The new name reflects PORTAL Insurance Agency's expansion of services for its clients and trust affiliates beyond their highly regarded outsourced benefits administration program. The company remains the administrator for the United Group Insurance Trust.
"Under our new name, PORTAL Insurance Agency Inc., the top priority will continue to be serving our clients and their employees. We believe the name of an organization should reflect what it does, and we are striving to do more than help our clients with their benefits. We want to be a portal for a full suite of benefits, insurance and HR services," Charles Yeomans, PORTAL's President and CEO says. "It is our mission to manage the employee benefits programs for our clients and to be a resource to their employees and families. We will continue to do everything in our power to give our clients the most competitive and advantageous programs available."
PORTAL will grow to provide a greater array of employee benefits, insurance, human resource administration and pension management solutions for the clients that it serves. The company will continue to expand its range of services and client base throughout California and nationally by way of acquisitions and partnerships.
About PORTAL Insurance Agency, Inc.
PORTAL Insurance Agency Inc. is a privately held benefits brokerage and administrator based in Walnut Creek, California. Celerity Partners, Inc., a private equity fund, is the lead investor of PORTAL, in addition to a Board of industry veterans; Barney Mizel, the co-founder and former Chairman of USI; John Addeo, founder and former CEO of Alliant Resources Group; and Dick Riley, former President of AON Americas.
PORTAL is a full service benefits and insurance brokerage, outsourced administrator and HR partner serving non-profit entities and mid-sized companies with best practices in high-quality employee benefits, insurance plans, risk management services and HR programs. PORTAL has segment leading customer support through full-service benefits outsourcing including eligibility management, billing and premium accounting including bill reconciliation, COBRA, live customer support and assistance. As a broker they provide access to a wide range of benefits options including: medical (including HSAs), dental, vision, life, accident, disability, voluntary plans, flexible spending accounts, retirement plans -- 401(k)/403(b) and employee discount programs.
Trust PORTAL Insurance Agency to open the door to cost-effective, efficient programs for your people and organization. For more information visit www.portalcompanies.com or call 925.937.8787.