While it appears from the outside to be an arms race, with Integrity, AmeriLife and others completing competing acquisitions, Perry said it isnt that way at all. 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. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Since 2018, AmeriLife's Premier Carrier Partnership Program has celebrated some of its most long-standing and innovative carrier relationships, and served as a platform to deepen those partnerships. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. J.C. Have you worked at AmeriLife? THL couples deep sector expertise through an Identified Sector Opportunity ("ISO") process with dedicated internal operating resources from its Strategic Resource Group ("SRG") to transform and build great companies of lasting value in partnership with management. About Senior Family ServicesSenior Family Services is a Philadelphia-based independent insurance agency that has become a regional leader in providing the best possible insurance solutions for older Americans and Medicare recipients. And our network continues to grow at a rapid pace, with 18 new organizations joining AmeriLife in the past year alone. ", "Over the past two years, AmeriLife has emerged as one of the premier distributors of health and financial solutionsin the United States," added Ganesh Rao, managing director and head of the Financial Technology and Services Group at THL. Development, implementation and delivery capabilities, giving our distribution partners a competitive edge and expanding their consumer reach. A little over a year later, AmeriLife then added TruChoice in a huge deal. organizations joining AmeriLife in the past year alone. 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. 116 were here. Flowers for less than $500 million, Barrons reported. With the addition of SAS, we're not only enhancing our capabilities, we're also elevating our ability to deliver world-class technology across our TPA platform and expanding our ability to provide turnkey solutions for carriers, agents and consumers alike.". AmeriLife has proven that its model is the future of insurance marketing and distribution. 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.. Cannae Holdings The deal included Inforce Solutions. 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. Reservoir Capital Group and Black Diamond Capital Partners acquired AmeriLife in 2007, and sold it in 2015 to J.C. This copy is for your personal, non-commercial use only. When typing in this field, a list of search results will appear and be automatically updated as you type. Headquartered in Clearwater, Fla., but doing business nationally, AmeriLife sees opportunity in the annuity space, said Patrick Fleming, executive vice president of product innovation and corporate actuary for the company. 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. Where do I start? The merging of these entities will leverage operational collaboration across these groups. We cant wait to speak with you! A Feature Paper should be a substantial original Article that involves several techniques or approaches, provides an outlook for future research directions and describes possible research applications. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The team at Senior Resource Group provides the tools, support and training necessary for success in the insurance industry. Learn more about our promise to our partners and stakeholders. At AmeriLife, we believe that the journey to accelerated, sustainable business growth is rooted in an active partnership and a commitment to collaboration, innovation, and personal and professional development. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. These collaborations result in an integrated organizational model, benefiting both parties with shared access to the necessary resources to sustain growth, as well as the expansion of distribution capabilities, reaching a larger audience and marketplace. from 8 AM - 9 PM ET. Perry doesnt rule it out but said that isnt the plan right now. Kansas City Metropolitan Area2K followers 500+ connections. View contacts for AmeriLife to access new leads and connect with decision-makers. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. For more information, visit www.acap.com. When typing in this field, a list of search results will appear and be automatically updated as you type. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Private equity firm Genstar Capital makes a strategic investment in AmeriLife, joining Thomas H. Lee Partners as an equal investor. and certain THL limited partners. "The synergies among these three groups will expand our multi-cultural distribution, as well as our reach into the northeast, particularly with regional insurance carriers. The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. AmeriLife has 7,500 employees. Get breaking news, exclusive stories, and money- making insights straight into your inbox. Matthew Coleman brings nearly 30 years of industry experience to AmeriLife, where he is the companys first vice president of annuity and life product innovation. AmeriLife acquired by Thomas H. Lee Partners, Name of the organization that made the acquisition, Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Not affiliated with the U. S. government or federal Medicare program. Thomas H. Lee Partners, L.P. ("THL") is a premier private equity firm investing in middle-market growth companies exclusively within three sectors: Healthcare, Financial Technology & Services, and Technology & Business Solutions. Thats where Coleman comes in. 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. There are a number of paths that we could go. Join Our Team. To learn more about partnering with AmeriLife, contact us here. Any information we provide is limited to those plans we do offer in your area. across the life and health insurance, and annuities and retirement planning space. It continues to thrive with these efforts as well. Were biased, but we think its a pretty great place, too. But Perry sees AmeriLifes venerable carrier partners, such as Transamerica and Nationwide, as crucial to their business model. In 2021, the company struck a deal for Saybrus Partners, a life insurance and annuity distribution company. Voracious IMOs are disrupting traditional delivery of life insurance and annuities. Since 1974, THL has raised more than $34 billion of equity capital, invested in over 160 companies and completed more than 500 add-on acquisitions representing an aggregate enterprise value at. One of the things that we first and foremost look for his talent. Visit our. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. How can I get a quote? 15% of AmeriLife employees are Hispanic or Latino. Clearwater, Fla. November 18, 2020 AmeriLife Group, LLC (AmeriLife), the national leader in marketing and distributing life, health and retirement solutions, announced today it has acquired American Benefits Exchange, based in Austin, Texas. Business Profile Ameri-Life & Health Services of Raleigh Insurance Companies Contact Information 2051 Renaissance Park Pl STE 209 Cary, NC 27513-2267 Get Directions Visit Website Email this. AmeriLifes strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. Over the years, AmeriLife has built strong relationships with many of the nations top-rated insurance companies, and insurers continue to count on AmeriLife to represent their brands, effectively position their products in the marketplace and leverage its powerful distribution network to deliver on the promise of their shared goals. To learn more about partnering with AmeriLife, From industry-best solutions from over 100 carriers, to our vast national distribution. Join Our Team. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. Im a business owner and ready to partner with AmeriLife. AmeriLife competitors include Pacific Benefit Consultants, Arrow Insurance Management, Independent Insurance Agents & Brokers of America, United Insurance Agencies, Freeway Insurance, United Insurance Company of America, Pyramid Life Insurance Company, Combined Insurance, Liberty Insurance Agency, Lighthouse Insurance Group, Strong Family Financial, Monumental Life Insurance, Answer Financial, American Senior Benefits, Senior Life Insurance, Ideal Concepts, Altig - American Income Life Insurance Company, delta insurance, Asurea, PMA USA. Medicare supplement products followed. 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, 35 marketing organizations, and nearly 60 insurance agency locations. Visit www.AmeriLife.comand follow AmeriLife on Facebookand LinkedInfor more information. We're a national leader in developing, marketing, distributing and administering life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and . Scott R. Perry joins AmeriLife as chief executive officer. The acquisitions helped us accelerate some of our processes [and] it's helped us add talent, helped us add capabilities faster than if we would have built it organically. Hopefully, we make their lives easier and make them more efficient at what they do.. A lioness in the industry With Angie Ribuffo, Find out how you can submit AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. Fifty-five percent of its business is focused on health, 35% on annuities and 10% on life insurance. A big part of AmeriLifes growth strategy is expanding its presence in the annuities and fully underwritten life space, Fleming explained. Since 1974, THL has raised more than$34 billionof equity capital, invested in over 160 companies and completed more than 500 add-on acquisitions representing an aggregate enterprise value at acquisition of over$210 billion. How can I join the team? As the 21st century progressed it was a heady time to be in the retirement business. SAS provides administrative support for proprietary Medicare Supplement, fixed annuity and life programs and joins two other third-party administrators under the AmeriLife umbrella: American Insurance Administrators (AIA), which specializes in the administration of Medicare Supplement insurance products, and American Benefits Administrators (ABA), which specializes in the administration of voluntary benefit products sold through the company's worksite distribution channel. Were a national leader in developing, marketing, distributing and administering life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and retirees. Research Summary. Genstar will join AmeriLife's current private equity investor, Thomas H. Lee Partners, L.P.("THL"), as an equal investor. Private investors buy majority stake in AmeriLife. AmeriLife establishes AmeriLife Marketing Group (AMG). Home Page - AmeriLife A Legacy of Leadership 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 industry's leading carriers, FMOs, and insurance and financial experts. Any information we provide is limited to those plans we do offer in your area. AmeriLife expands to seven offices throughout Florida. AmeriLife's third-party administrative capabilities include everything from agent contracting, policyholder support and billing / collections to new business processing, underwriting, claims processing, commission payments and call center support. Baby boomers rapidly aged and life insurance products evolved to meet versatile needs. Welcome to AmeriLife! I applied online. theyre actions, demonstrated and delivered every day In todays market, a strong, collaborative relationship between carrier and distributor is essential to delivering innovative, high-quality insurance products that can meet the growing needs of marketers, agents and their clients. Institutional Wealth Management, Broker-Dealer & RIA, Product design and pricing (proprietary and non-proprietary), Marketing services and lead generation support, Centralized protocols for complaint resolution, Turnkey solutions across multiple product lines, Print, mail and other administrative services. Heretofore, AmeriLife primarily concentrated on expansion through acquisitions of existing producers. 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. Second is strategic capabilities, Perry said during a recent industry conference. Not only is AmeriLifes target group rapidly expanding in size, but this segment is less likely to be impacted by economic ups and downs and is very focused on ensuring their future physical and financial well-being.. 15% of AmeriLife employees are Black or African American. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com. SRG represents the next generation of insurance agencies with a focus on technology, cultural diversity, and best-in-class sales training and virtual tools. Under Perry, AmeriLife earnings have more than doubled, and the company has ambitious plans to double it again in the next three to five years. Best-in-class, industry leading compliance standards and practices developed in collaboration with our carrier partners that support distribution expansion. 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. growth as the nations most dominant marketing and distribution company for financial solutions. Click here to start your journey toward becoming an AmeriLife-affiliated agent. Senior Family Services is dedicated to ensuring its clients obtain the coverage and benefits they need to live a happy and healthy retirement. Financial terms werent announced. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. For the best Barrons.com experience, please update to a modern browser. And our network continues to grow at a rapid pace, with. AmeriLife sounds like the place for me! John may be reached at [emailprotected] Follow him on Twitter @INNJohnH. Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. The joint partnership between two of the world's leading private equity firms is a testament to AmeriLife's strength and fervent pace of growth, and creates a strong foundation for continued nationwide expansion. Based inSan Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Join Our Team. The American Benefits Exchange team is excited to join the AmeriLife family, said American Benefits Exchange President Brian Pearson. AmeriLifes strategy of serving (pre)retirees was truly an inspired one, its company history states. 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. Third-Party Administration (TPA) services built on industry-leading technology and delivered at scale to allow carriers to focus on building their businesses. They price risk and they manage assets. So, it's been a part of our strategy, but it is not the strategy, Perry said. Zippia gives an in-depth look into the details of AmeriLife, including salaries, political affiliations, employee data, and more, in order to inform job seekers about AmeriLife. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Matthew brings in-depth actuarial experience, which will help accelerate this process and help us stay in front of evolving trends in the annuity market.. Acquisitions of Senior Family Services and Right Choice also part of the deal. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. We do not offer every plan available in your area. In recent years, AmeriLife continued to push through growth barriers under the leadership of CEO Scott Perry, brought aboard in 2016. Executive Vice President, Product Innovation & Corporate Actuary. Help other job seekers by rating AmeriLife. 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.. To provide insurance and retirement solutions to help people live longer, healthier lives. "This partnership gives us access to the tools and training that will allow us to expand our multi-cultural distribution platform and reach more clients.". "AmeriLife is known for its strategic partnershipsthat benefit all parties involved by expanding distribution capabilities and growing the marketplace," said Joshua Rhodes, Senior Resource Group co-founder. 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. That doesnt mean AmeriLife isnt interested in proprietary life and annuity products of its own. Please email Patrick Nichols, AmeriLifes senior vice president of corporate development, at [email protected] to get started. In the last several years alone, AmeriLife has acquired more than 30 affiliates Jeff MaldonadoAmeriLife[emailprotected]+1-321-297-1112, Chris TofalliGenstar Capital[emailprotected]+1-914-834-4334, Tim QuinnThomas H. Lee Partners, L.P.[emailprotected]+1-646-258-2308, Cision Distribution 888-776-0942 The AmeriLife-TruChoice impact was felt at Integrity Marketing Group offices in Dallas, Texas and in New Jersey, where Simplicity Group is headquartered, as well as a few other places. Operating Status Active. Delivering insurance and financial solutions to agents and advisors to help people live longer, healthier lives. Are a number of paths that we first and foremost look for his talent is a leading private equity Genstar... May be reached at [ emailprotected ] follow him on Twitter @ INNJohnH that support distribution expansion expanding presence... The plan right now it is not the strategy, but it not! 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