Wing Insurance (WingInsurance.com) is quite a peculiar operation that allegedly operates as a global brokers insurance network. Composed of a select panel of independent insurance brokerages, the alleged mission set forth according to their domain would be to provide a multitude of supported insurances to corporate entities or less commonly, individuals. Claiming to employ over 10,500 employees in over 500 offices worldwide while generating an annual turnover of €9.5 billion, it is a miraculous wonder how Wing Insurance possesses such little virtual presence.
As you begin to work your way through this unbiased review, you will learn not only more about the operations conducted at Wing Insurance but also whether or not this operation can be trusted. Operating almost identical to advance fee scams while gathering consumers personal and financial information through unverified channels is shady business, even for such a pristine operation as Wing Insurance.
About Wing Insurance
Wing Insurance, abbreviated for Worldwide Insurance Network Group, claims their operation to be a select panel of independent insurance brokers providing a co-ordinated, integrated insurance and risk management solution for businesses who operate on the global stage. Composed of 73 members located in 55 countries with 582 offices, we find it rather suspicious that this operation fails to reflect a strong online presence.
Furthermore, allegedly producing a turnover of €9.5 billion per year with a foundation of over 1 million customers worldwide would amount to some impressive reputability and surely some consumer feedback. However, no feedback or reviews can be found anywhere on the web regarding this global operation. Allegedly operating as a legal entity registered in Switzerland as a verein (association), we found no evidence to support this claim among Switzerland registries.
WING Insurance is counseled by a small group of 5 board members. Matttias Bolander is Chairman of WING and has been the allegedly board director since 2011. In addition, is also appears to the CEO of his own firm, Bolander & Co. Vice-Chairman is Alda Dhingra, who is the alleged co-founder of the Delhi branch of Prudent Insurance Brokers. Other board members include Carlos Garcia Crosa, Fabrice de Waal and Christina Holzinger. All board members appear to be legitimate entities.
Wing Insurance Consumer Offer
According to the Become a Member page at Wing Insurance, “the purpose of WING is to facilitate and develop the insurance brokerage activities of its Members and Affiliated Members and to enable them to provide their mutual clients and prospects with comprehensive and responsive service by a non-bureaucratic global network which has an interactive exchange of market know-how.” Essentially meaning that Wing Insurance is functioning as a connective outlet to provide their members clients with their insurance services.
In order to become a member, applicants must complete the WING application form and return it with a copy of their current PI/E&O insurance certificate to C.Holzinger@buechner-barella.de. The completed application will then be discussed at the next board meeting, which usually takes place every 3 to 4 months where their will respond with their decision afterward.
If approved, the applicant will receive an invite to attend the next WING conference. Annual WING memberships are currently priced at an annual rate of €1,500 (plus any bank transfer fees) which will cover the attendance cost for one assembly per year (minus hotel accommodations). Members wishing to visit more than 1 assembly in the same year will be charged €500, not including hotel costs.
Community Feedback
First brought to our attention by one of our subscribers, Wing Insurance approached our subscriber out-of-the-blue with an offer claiming to recover loss funds from a scam brokerage for a minimum 15% upfront payment of the to be recovered funds. What we found interesting though would be how our subscriber was contacted previously by other “insurance” and “asset recovery firms” like Secured Trade Investments, which was already exposed as an advance fee scam.
According to the provided feedback, our subscriber was contacted by Michael Cunnington at WING Insurance (Worldwide Insurance Network 623 5th Ave NY NY 10022), who claimed there was a class action taking place in the UK in February to recover loss funds. Apart from being requested to pay an upfront 15% fee for recovered funds, the disclosed office address provided by Michael Cunnington is not a valid physical address and fails to match any disclosed office address shared at WingInsurance.com.
Question Marks and Red Flags
Wing Insurance operates as a global insurance network that connects insurance providers from all areas of the globe. While this should be the extent of their operation, what we fail to understand would be how this operation is acquiring non-interested consumers personal and financial information and operating like an asset recovery firm that requires upfront payments to “recover” funds. This sort of illicit business conduct is a signature move employed by advance fee scams which is why we urge consumers to tread carefully around WING.
In addition, for a platform that claims to support over 1 million customers worldwide and employs over 10,000 members, surely the site would reflect some sign of respectable traffic inflow instead of failing to acquire hardly any at all. WING also claims to have been existence for over 25 years yet there is little to no information on the internet to support this claim while a WHOIS search will reveal the contrary and reflect that the site was first registered on May 6th, 1999.
Popularity
WingInsurance.com fails to attract a monthly visitor base to allow it to rank amongst market intelligence sites like SimilarWeb. This indicates to us that the site receives virtually no traffic despite their outlandish claims of supporting such as vast quantity of customers and employees.
Can Wing Insurance be Trusted?
Gauging the trustability of Wing Insurance is more difficult than the majority of operations we cross paths with. Consider for a moment how their alleged board members appear to be actual entities that disclose verifiable information regarding their other corporations and it would appear that WING was legit.
However, there are several factors that we cannot overlook such as how WING Insurance does not appear to be an association based in Switzerland, how their site fails to possess a popularity rating or presence anywhere on the internet if it is such an immense operation and why they are operating similar to advanced fee scams that have been on the rise ever since the downfall of the binary options industry.
WingInsurance.com Review – The Verdict
For the time being we are not categorizing Wing Insurance as a scam operation. However, if more information in the future is revealed about this operation or if more troubling consumer feedback is received we will take the necessary measures required to render a more concrete verdict regarding Wing Insurance.
Mi consejo es que no hagáis nada. Lo digo por experiencia. Esto no es verdad. Yo pagué todo y se quitaron del medio. Y me han dejado sin casa y con tres hijos en la calle.
Jesus My phone will not stop ringing now! i was supposed to be taken off the do not call list after i received my funds so i called provost and he says that he did take me off but WHY WONT THEY STOp CallING!!! I am never investing into binary again!
Hi, Joana. Can you elaborate a bit on your situation? I had decided to not bother following up with James, but it sounds like it did work out for you. Would you encourage others to do the same?
I have received my claim but this is ridiculous now with the phone situation. I have to change my number I literally have 20-40 calls a day from brokers who I believe got my number from James provost. the process with James took a total of 21 days and I recovered everything he said that I would. And to change the money from dollars to euros cost me a pretty penny but that came out at the bank from the transfer from wing
I don’t believe a word of it! Feel free to post (or email me) bank statements and other proof of your “success” and how you achieved it. You sound like you could also be “Jonothan Vida” and obviously part of the same scam.
Not meaning to pry, but would you say the amount you received was worth it, even if you now have to change your phone number or block every other caller? At least your situation makes this sound like a legitimate case, of which I was skeptical.
I will not divulge the amount I received for obvious reasons but if you received the same paperwork that I did then the amount was mentioned. I received the liability claim as well as whatever was salvaged from my original investment.
Hmm. This is all very intriguing. Robert’s comment about not believing your story is legitimate does make me hesitate. As for your comment about the amount being stated in the paperwork, there actually wasn’t an amount stated in that context for me — however, in an email James Provost wrote to me, he stated the following: “The Secured Exchange Commission board has ordered that a liability check of $11,991.87 be paid to each investment portfolio consecutive to the initial claim granted after proof of investment is validated.” Is this what you’re referring to? Sounds unlikely to me but would be nice if it were true…
My letter stated about US$12000 even though I didn’t lose anywhere near that amount. It was also going to be paid without having to prove my deposits. I filled out the attached paperwork with a guestimate of my losses and next I’m being promised a big cheque provided I please pay 20% upfront.
Joana what phone numbers do you have for PROVOST l cannot get the lying thief to answer the phone
Thank God I found this page! I received a legitimate-looking email with attachments (recovery funds form, case file) on 5 August and was happy to learn these crooks were held accountable and I was going to see some reimbursement. It took me a while to collate all the information and it wasn’t complete but I sent it and received an almost immediate response informing me my claim had been approved for 8 times more than I lost. The accompanying documentation made me think twice (as well as the upfront fee, of course).
The attached HSBC letter was in the wrong format, the letterhead copied and pasted, as were the signatures, and the bank stamp warped as if the final edit was wrongly scaled. The WING letter was also wrongly formatted and with 4 different fonts. It had my name at the top but in the body, it mentioned someone else.
I asked mr Provost for contact details as well as for the people mentioned in the other correspondence. He responded with the following details: 70 Essex Rd, Westbrook, CT 06498 1-347-345-3179, where there does seem to be an insurance office.
In reading the comments here I can’t help but notice equally sloppy work from the positive commentators. I highly doubt “Jonothan Vida” and “exavier bean” are legitimate entities. I’m keen to be kept informed of further developments.
Thank-you Robert for your informative email/text!! Thanks also for disclosing the address which Mr Provost gave you!! I am very interested to hear about your outcomes with the that!! If you were successful then I might try them too!!!
Someone from WING contacted me regarding retrieving money I lost through Binary Options! They wanted $1,500.00 which I didn’t have so I was told to put a deposit of $500 down and pay the rest off when I can…. Perhaps foolishly, I did this and haven’t heard another thing from them!
Sadly they prey on people like myself who have lost huge amounts of money and who are desperate to get at least some of their money back!!
All of this has changed my life for the worse… much worse!!! I am now living in almost poverty and can hardly pay for my bills and food! I really don’t know what do!!
I am retired now and live on a pension…
I got cancer 2 years ago and I think all this hardship and stress at least partially caused it!!! My house should be paid off by now and renovations done!!! This is all the cruel result of people’s greed and stealing from unsuspecting victims…
Sorry about the big rave!! I hope you got your money back!!!
I’m sorry to hear about your troubles, Annika. I have not received my money back from anyone and I don’t believe I ever will. Just some cowboys who made a quick buck. I am normally a savvy investor and do my research but I got slow-rolled with this one.
Depending on where you live you may be able to find out if there was, in fact, a class action and if you’re entitled to reimbursement. I don’t doubt there is some truth to the legal paperwork we all received but I have neither the time nor the energy to further pursue it. It deposited all the paperwork with the police who have strong interest in stopping people like “James Provost”. He’ll hopefully get his comeuppance.
Thanks again Robert!!
I want to believe these scam artists soo much that I keep giving my precious, hard-earned money to them, hoping against hope that THIS time I will get my money back!! Like you, I now believe I never will!!! Very sad but true!! I hate to think how much I have given these rogues since I was robbed initially!!! If only I could go back in time and stop myself from going down that path!!!!
All I can do now is to try to forget it all and move on!’ 😢
I received my payment after 3 days, I was promised 24 hours and i was promised no more fees but i was charged 435$ more through my bank to convert the funds. I did receive a substantial amount but it was well deserved after what titan trade did to me by taking my money! Though a little agitated, Thank you Mr. Provost and Mr Parram
No me lo creo
I call BS on this. It’s the same script as some of the other affirmative posts. Why don’t these people post a complete paper trail? BS!!
I recieved payment via wire transfer today It took a total of 6 days when i was originally promised 24 hours. I was also promised that I would receive a check but i received a payment from my bank after they called me to verify an incoming transfer and then charger me over 900$ australian just to change the funds over from american dollars to Australian dollars. I did receive my Payout though.
OK guys
This is a scam just like the others. I just talked with the real James PROVOST. I called his office in
Rochester, New York. He knows nothing about this. Any doubts call Shannon Farrarro at Provost’s office: ph# 585-568-6950 American Portfolio financial Services or ph# 585-668-6900/
Sorry I wish is was real for all our benefit.
Jackie Ray M
i am checking things out as I too have been sammed by those platforms. Tomorrow I’ll call FINRA to
check out his broker # etc. Stay tuned guys. U all can keep us to date also. Please. Im also calling some attorneys involved in this case. will let u know what I find. Don’t send money though. I was not asked for money though.
So sorry to hear that Annika darling a bunch also. .
I am about to have a phone call with James Provost today. I received the same email as everyone else (I had been scammed by Titan Trade, one of the many operating names of this fraudulent binary options company). He sent me a multi-page PDF listing his credentials (which actually seemed pretty legitimate) as well as a 26-page document outlining the legal information, and forms for me to fill out to prove my involvement in the scam. We have been having difficulty connecting on the phone (he calls but I can’t hear anything), so haven’t spoken yet. I googled him in the meantime and found this page. Jackie, I will be very curious to see what you find out! Obviously, it would be great if this is for real and the victims of these scams could recoup our investments (I had simply written mine off as lost, three years ago) and give Titan Trade what they deserve. If I manage to speak to James on the phone, I will share any salient points here.
Thanks Jackie!!! I’ll be looking out for further posts from you!!
I gave someone from WING $500 and haven’t heard anything since!! Still living in hope … ☹️
Hola. Sobre el comentario que escribir, quisiera pedir disculpas a wing insurance ya por lo que se ve Hubo problemas burocráticos. Gracias
This is what I received from James Provost this week!!!
A binary insurance recovery Firm/broker has been ordered to compensate a client all that he/she invested with their respective platform – plus interest. Titan Trade, also known as 113 other different aliases on the binary options as well as the FOREX trading platforms, including GT Option, Magnum Option & Option FX, just to name a few, was involved in a class action lawsuit. Before they were to be convicted of anything illegal, the platform settled out of court for $217.25 million dollars to be paid to the 10 thousand plus investors effected. RTG trading, who is also known as Banc De Binary and several other aliases on the commodities and currencies exchange market and binary options/FOREX trading platforms, was also taken to court where they settled for 200 plus million dollars. Your Investment Portfolio will be expected for closure in coordination of your Releasing Official & our Finance Department. It is our job the insurance company in charge of your Secured Investment and your Assured Payout (which you signed up for) to disburse said funds. The Secured Exchange Commission board has ordered that a liability check of $11,991.87 be paid to each investment portfolio consecutive to the initial claim granted after proof of investment is validated.
Please see attached credentials so that you know who you are corresponding with, and then read through the court proceedings, so as to be up to speed on the situation at hand. Next, fill out the POI form to the best of your ability. Remember, the secured exchange commission will already have a thorough documentation on your investment and this attached documentation only serves as proof of actual initial investment. Please keep in mind that any bonuses you were promised or any screen shots of conversations with your broker will help as well as rounded numbers that you remember will help even if you do not have any actual documentation.
If there are any other questions, or concerns, feel free to reply or call our headquarters; 1-347-345-3179. Again, please fill out the POI Proof of Investment form sign it and send it back so that we can submit it to the SEC immediately and determine the amount of your claim.
Warm regards,
James Provost
Executive Advisor / Senior Broker
FINRA CRD License# 4814526
The attached correspondence relates to Binary Options Insurance, This case is being processed by the UNITED STATES DISTRICT COURT FOR THE CONSUMER FEDERATION, FEDERAL DISTRICT OF WASHINGTON D.C. This message contains confidential information and is intended only for the individual named. If you are not the named addressee, please notify the sender, Email transmission cannot be guaranteed to be secured if there was not prior contact.
i received this letter and everything promised in it aswell. I was treated excellent and they handled everything for me i barely had to move a finger. Thanks james,
Exavier Bean, could you please tell me this is real, i am in australia and have just been scammed by a company called worldwide insurance claiming to be doing the same thing in recovering funds for me from this same court case, i’ve just lost 10 g’s!!
James contacted me the other day and wants 2700 to release my funds, could you enlighten me as to wether or not this is real?
Hi, Exavier. Could you elaborate on your outcome for all of us who are wondering whether this is real or not? What were the proceedings? Were you asked to contribute a percentage upfront? Any information would be greatly appreciated!
Just recieved my payout today. I did get an outrageouse charge of 977.65 for currency exchange through my bank but i finally transfered my money to a seperate account and can finally say YES i received payment
Exavier Bean, are you for real?!
I’ve been trying to call you Miss falls,This is Alexander Edelman!
James Provost and WING saved my home and helped me achieve finacial freedom! thank god for WING
BS!