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October 9, 2018
It was Columbus Day yesterday (although from what I hear, it wasn't the case in Columbus, Ohio). The Alliance office was officially closed, but I came in to catch up on a few things between road trips to state capitals and state fraternal alliance meetings. And, of course, to write this blog because I knew you just couldn’t live without it! I hate to disappoint you, but I’m temporarily out of fresh and original material. So, you’ll have to be content with a few choice links to some stories that I’ve been wanting to share with you. Here goes…
  • Consolidation in the trade association business is almost as widespread as it is in the fraternal world. Note these recent stories on two actuarial groups and two large property/casualty trades considering mergers. And, if I were a betting man, I’d wager that there will be a major merger of agent organizations in the very near future. Rising costs, duplication of efforts, and consolidation of the members of these trade groups are the drivers of this change, and the Alliance and its members are not the only ones affected by it. Is this trend on your strategic planning radar screen? [PCI and AIA Merger and CAS and SOA Merger]
  • KBRA Research Report on Fraternal Sector – Many of you may have already seen this, but in case you haven’t, take a look at KBRA’s research report on our little sector of the market. I think it accurately portrays the opportunities for fraternals without sugar-coating the realities of the financial services business: scale and scope are critical to a healthy future in this industry.
  • Cutting through the congressional clutter – David Rehr was one of the most popular speakers at the 2019 Executive Summit and he’s just come out with a new e-book with some practical advice about maximizing your impact on Capitol Hill.  Check it out here
  • Happy trails, Marty Balin – One of the founding members of Jefferson Airplane passed away last week. Here’s hoping he’s getting the band back together in the Great Beyond. Even more amazing: Grace Slick is still alive!!!