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Barney & Barney LLC Acquires Virtual Co Sourcing Solutions; Hires CEO as Principal

Posted on 18 May 10

Barney & Barney LLC, one of California’s largest and longest-standing insurance brokerages, announced today that it has acquired Virtual Cosourcing Solutions and hired their CEO as a Principal. New Principal Stan Lambert has launched the firm’s Specialty Services Division, which provides the firm an innovative platform to deliver consumer insurance offerings as well as promote improved business processes within the firm’s Employee Benefits division. Clients will benefit from expanded services, including extended customer service hours, on-line enrollment services, an on-line purchasing portal and more.

"Barney & Barney continues to grow and this acquisition and the addition of Stan Lambert, his team and the launch of our Specialty Services Division is a key part of our growth strategy," said Managing Principal and CEO, Paul Hering.

"Stan and his team are providing a new offering within Barney & Barney that positions us to stay ahead of the curve in an environment in which the methods of delivering benefits products to consumers is rapidly evolving," added Principal Shawn Pynes, who heads the firm’s Employee Benefits Division. "As the health insurance model undergoes transition prompted by healthcare reform, this provides Barney & Barney a broader platform to serve the growing segment of seniors and individuals seeking healthcare coverage, as well as employers who may purchase group coverage through an exchange type model in the future."

Prior to joining Barney & Barney, Lambert was the CEO of Virtual Co sourcing Solutions, which offered insurance companies end-to-end services such as sales, new member programs, service, retention and medical billings. Stan Lambert has more than seventeen years industry experience, including senior leadership positions with PacifiCare Health Systems and Kaiser Permanente.