The deal included Inforce Solutions. What solutions does AmeriLife offer independent agents and advisors? for more on our company and to browse corporate professional opportunities. Join Our Team. In the last several years alone, AmeriLife has acquired more than 30 affiliates Genstar will join AmeriLife's current private equity investor, Thomas H. Lee Partners, L.P.("THL"), as an equal investor. For the best Barrons.com experience, please update to a modern browser. Watched a 15-minute video about what Amerilife offers and then talked with the general manager. Terms of the transactions were not disclosed. ", "Genstar Capital could not be more excited to welcome AmeriLife to our portfolio," said Ryan Clark, president and managing director of Genstar Capital. About AmeriLifeAmeriLife is a national leader in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. About AmeriLife AmeriLife's strength is its mission: to offer insurance and retirement solutions to help people live longer, healthier lives. Legal Name AmeriLife Group, LLC. Help us make this company more transparent. Who do I contact? Perry doesnt rule it out but said that isnt the plan right now. Its easy! As one of the leading independent marketing organizations and registered investment advisors in the United States, AmeriLife is proud to be called a trusted partner by the industrys leading carriers, FMOs, and insurance and financial experts. Not affiliated with the U. S. government or federal Medicare program. Best Insurance Companies to Work For in Florida, Best Companies to Work For in Clearwater, FL, Best Insurance Companies to Work For in Clearwater, FL, Working At Pyramid Life Insurance Company, Working At Insurance Administrative Solutions. The data presented on this page does not represent the view of AmeriLife and its employees or that of Zippia. Operating Status Active. It just seems like for those who had planned to retire in five-to-seven years, I am seeing more of them entertain discussions with these three firms than I would have anticipated.. Im an insurance company and want to engage AmeriLife. With a key December hire in a newly created position, AmeriLife took the next step in its plan to grow annuity sales organically. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. About AmeriLife. To learn more, Were biased, but we think its a pretty great place, too. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. organizations joining AmeriLife in the past year alone. Thats where Coleman comes in. And our network continues to grow at a rapid pace, with. In June, AmeriLife announced an investment from Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials and software industries. Senior Family Services is dedicated to ensuring its clients obtain the coverage and benefits they need to live a happy and healthy retirement. Any information we provide is limited to those plans we do offer in your area. Learn more about our promise to our partners and stakeholders. Youve got to have people and youve got to have a capability that meets what we're trying to deliver and that's to be a platform that serves the life and retirement needs, and those nearing retirement, really address those things that people are worried about.. Voracious IMOs are disrupting traditional delivery of life insurance and . With this acquisition, AmeriLife plans to leverage existing operations to maximize scale, expanding on the strengths of the separate organizations. Is your client emotionally ready for retirement? I know what carriers do really well, said Perry, former executive at CNO Financial and Bankers Life. Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Most recently a director at Willis Towers Watson, Coleman led business and product development, actuarial support and distribution strategy for the fixed, indexed and variable annuity markets. As Director of Commercial Underwriting Strategy for Mobilitas, a CSAA company, this role is accountable for designing and deploying the underwriting philosophy, approach, tools, and processes to address the needs of the mobility and shared economy while ensuring consistent target profitability. Scott R. Perry joins AmeriLife as chief executive officer. Approaching its 50th anniversary in 2021, AmeriLife has a history of excellence in partnering with insurance carriers to develop and bring proprietary products to the marketplace through its expanding distribution operations. A big part of AmeriLifes growth strategy is expanding its presence in the annuities and fully underwritten life space, Fleming explained. The transaction is expected to be completed in the third quarter. AmeriLife's strength is its mission: to offer insurance and retirement solutions to help people live longer, healthier lives. and fortified its vast and powerful distribution network for years to come. That accelerated growth is being fueled by supersized acquisitions. With 16 years of leadership in the insurance and business operations fields, Boudrero has successfully overseen operations for health, life, and annuity lines of business. from 8 AM - 9 PM ET. I know what we can do really well, which is distribute products and drive efficiency across that value chain. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Our partnership will support American Benefits Exchanges mission by leveraging a holistic approach to product delivery and expanding the companys distribution footprint.. They price risk and they manage assets. The American Benefits Exchange team is excited to join the AmeriLife family, said American Benefits Exchange President Brian Pearson. Flowers sells a majority stake in AmeriLife to an investor group led by private equity firm Thomas H. Lee Partners. AmeriLife unites insurance agents, financial advisors, and industry experts who alongside our leaders and corporate support staff are passionate about cultivating meaningful relations with clients. Genstar currently has approximately$35 billionof assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrials, and software industries. Independent marketing and distribution is big business in a country where 10,000 Americans retire each day. The most common ethnicity at AmeriLife is White (60%). Feature papers represent the most advanced research with significant potential for high impact in the field. Life insurance still needs an agent to sell the benefits, however once the customer has decided to purchase coverage, the Fintechs look to make things quick and seamless in a digital world, where possible, so the customer is empowered to complete the application process. 15% of AmeriLife employees are Black or African American. With broad knowledge across the insurance and investment sectors, A-CAP's management team has diverse experience and provides comprehensive services to policyholders, insurance company clients and capital partners. When typing in this field, a list of search results will appear and be automatically updated as you type. Along the way, it became clear that there was a significant unmet need among this target [demographic], and the decision was made to expand the business nationally by building a network of independent insurance agents, AmeriLife says in its official history. 51% of AmeriLife employees are women, while 49% are men. Competition favors scale and the voracious growth of these IMOs is changing the industry, said Sheryl Moore, president and CEO of Moore Market Intelligence and Wink Inc. Small- to mid-sized IMOs and FMOs are being gobbled up so quickly, it is forcing many to reconsider their plan, she said. AmeriLife, 2023 Aligned with AmeriLife's resources and industry expertise, the "new SRG" is positioned to be a market leader for years to come as a part ofAmeriLife's Life & Health Brokerage Distribution division. Seasoned insurance industry leader focused on serving Life & Annuity and Group insurance segments. Private equity firm Genstar Capital makes a strategic investment in AmeriLife, joining Thomas H. Lee Partners as an equal investor. This leader is also responsible for overseeing . "Over the last two years,AmeriLifehasrapidlygrown its affiliate baseand invested heavily inbest-in-classshared resources and supportto fuelourtremendous organic growth," said Scott R. Perry, chairman and CEO of AmeriLife. Visit our. "AmeriLife's holistic approach to product delivery meshes seamlessly with our business model," said Shane Souders, Senior Resource Group co-founder. Baby boomers rapidly aged and life insurance products evolved to meet versatile needs. With a deep understanding of civil service employees needs, the American Benefits Exchange team offers a comprehensive portfolio of products to address important financial issues. Now is not the time, but we'll make the determination of what's the best way to maximize value for shareholders. Third-Party Administration (TPA) services built on industry-leading technology and delivered at scale to allow carriers to focus on building their businesses. Combined with Genstar's deep expertise in financial services, software and healthcare, and our collective commitment to delivering the data, tools and technology necessary to compete and win in today's marketplace, we see huge opportunity for AmeriLife and its partners. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com. AmeriLife, 2023 So, it's been a part of our strategy, but it is not the strategy, Perry said. Conjecture remains afloat that one or more of the aggressive IMOs will go public at some point. Additional terms of the transaction, which is subject to customary closing conditions, were not disclosed. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. For nearly 50 years, AmeriLife has partnered with the nation's leading insurance carriers to provide value and quality to customers served through a national distribution network of over 150,000 insurance agents and advisors, 25 marketing organizations, and 50 insurance agency locations. Cannae Holdings Industry-leading, cost effective and high ROI distribution network designed to connect and engage with consumers and stakeholders across the country. Im a prospective customer. Visit our Employees page for more on our company and to browse corporate professional opportunities. Model, '' said Shane Souders, senior Resource Group co-founder marketing and is... 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