Reliance Global Group, Inc. Announces Board Changes
January 29, 2020 at 09:35 am EST
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Reliance Global Group, Inc. announced that Ben Fruchtzweig and John Lowy have joined the Company’s Board of Directors. The Company also announced that Ben Fruchtzweig and Scott Korman, a current member of the Board, have joined the Audit Committee of the Board of Directors. Ben Fruchtzweig brings decades of executive experience in accounting and financial services. He has served as Chief Comptroller/Financial Analyst at national financial services and investment companies. He received his NYS C.P. A license in 1987 and has worked at Deloitte Haskins and Sells and other leading accounting firms. Currently, Mr. Fruchtzweig lectures on a variety of topics including business ethics. John Lowy is the founder and senior partner of the law firm John B. Lowy PC and is also founder and CEO of Olympic Capital Group, Inc. ("Olympic"), founded in 1993. The law firm specializes in corporate and securities laws and has represented clients from various industries that have gone public via IPOs and reverse mergers. Mr. Korman currently serves as President of Nashone, Inc., a private equity firm, which he founded in 1984. In this role, Mr. Korman is involved in financial advisory, M&A, and general management assignments. He is a founder and Managing Partner of Convergence Merchant Bank, as well as founder and CEO of Illumina Radiopharmaceuticals LLC, CEO of Red Mountain Medical Holdings, Inc., and founder of CDx Medical Holdings, Inc.Mr. Korman previously served as Chairman of Da-Tech Corporation, a Pennsylvania based contract electronics manufacturer and as Chairman and CEO of Best Manufacturing Group LLC, a leading manufacturer and distributor of uniforms, napery, service apparel, and hospitality and healthcare textiles.
Reliance Global Group, Inc. is a InsurTech company leveraging artificial intelligence (AI), and cloud-based technologies, to transform and enhance efficiencies in the insurance agency/brokerage industry. The Company is engaged in managing assets in the insurance markets, as well as other related sectors. The Companyâs business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools. The Companyâs business-to-consumer platform, 5minuteinsure.com (5MI), utilizes AI and data mining, to provide online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail brick and mortar insurance agencies throughout the United States, offering a variety of insurance products. 5MI is a business to consumer Website which enables consumers to compare and purchase car and home insurance.