AmeriLife enters the RIA space, acquires majority stake in Brookstone Capital Management. An error has occurred, please try again later. Medicare supplement products followed. Please email Patrick Nichols, AmeriLifes senior vice president of corporate development, at. Industry-leading, cost effective and high ROI distribution network designed to connect and engage with consumers and stakeholders across the country. A big part of AmeriLifes growth strategy is expanding its presence in the annuities and fully underwritten life space, Fleming explained. Visit www.AmeriLife.comand follow AmeriLife on Facebookand LinkedInfor more information. Using a database of 30 million profiles, Zippia estimates demographics and statistics for AmeriLife. AmeriLifes strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. Any information we provide is limited to those plans we do offer in your area. Welcome to AmeriLife! Interested in a career with AmeriLife? IRI announces 2023 Retirement Security Blueprint, Less than half of US workers are aware of the IRS tax credit for eligible retirement savers, March will bring bear-market risks for US stocks, Morgan Stanley says. Have you worked at AmeriLife? partnered with the nations leading insurance carriers to provide value and quality to customers. In doing so, AmeriLife has become recognized as the leader in developing, marketing, and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. To learn more about partnering with AmeriLife, contact us here. This acquisition furthers AmeriLifes strategic focus in partnering with independent insurance professionals, financial advisors and marketing organizations with solid foundations for growth. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. "We are excited to welcome Senior Resource Group, as well as Senior Family Services and Right Choice, to the AmeriLife family," said Scott R. Perry, AmeriLife Chairman and CEO. Please use the form below to get in touch with us and In 2021, the company struck a deal for Saybrus Partners, a life insurance and annuity distribution company. 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. AmeriLife Group, an insurance distributor, will find itself owned by a private-equity firm for a third time. The most common ethnicity at AmeriLife is White (60%). https://www.barrons.com/articles/j-c-flowers-sells-insurer-amerilife-to-private-equity-group-for-more-than-1-billion-51578436367. The process took 1 week. The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. Voracious IMOs are disrupting traditional delivery of life insurance and annuities. To learn more about the products and solutions we distribute, and to connect with an agent in your area, visit our Consumers page. We do not offer every plan available in your area. Founded Date 1971. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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. Renowned private equity firm's joint partnership with Thomas H. Lee Partners will expand AmeriLife's suite of services and offerings, and further accelerate growth for the nation's leading distributor of health and financial solutions. 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.. Delivering insurance and financial solutions to agents and advisors to help people live longer, healthier lives. "This partnership gives us access to the tools . 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. The THL-led consortium includes from 8 AM - 9 PM ET. 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.. Seed, Series A, Private Equity), Whether an Organization is for profit or non-profit, General contact email for the organization, Auto-generated name of transaction (e.g. They price risk and they manage assets. CLEARWATER, Fla., June 13, 2022 /PRNewswire/ -- AmeriLifeGroup, LLC ("AmeriLife"), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, today announcedan investment from Genstar Capital("Genstar"), a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials and software industries. I interviewed at AmeriLife (Tampa, FL) in Oct 2022. Fifty-five percent of its business is focused on health, 35% on annuities and 10% on life insurance. When typing in this field, a list of search results will appear and be automatically updated as you type. for more on our company and to browse corporate professional opportunities. 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. Private equity firm Genstar Capital makes a strategic investment in AmeriLife, joining Thomas H. Lee Partners as an equal investor. One of the things that we first and foremost look for his talent. Phone Number (800) 458-7112. The most common ethnicity at AmeriLife is White (60%). That accelerated growth is being fueled by supersized acquisitions. It is hard to compete against an Integrity, Simplicity, or AmeriLife in terms of sales, and therefore annuity commission payouts, she said. 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. Not affiliated with the U. S. government or federal Medicare program. 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.". For more information, visit www.acap.com. Sign In. The deal included Inforce Solutions. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. J.C. 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. AmeriLife's strength is its mission: to offer insurance and retirement solutions to help people live longer, healthier lives. 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.. There are a number of paths that we could go. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. The merger of SRG, SFS and RC represents more than 50 years of combined insurance industry experience. Today, Senior Resource Group is a premier field marketing organization for an array of national insurance carriers providing Medicare Supplement policies, Medicare Advantage plans, life insurance, final expanse plans and financial products in 25 states. 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 Join Our Team. For this reason, Ive seen friends talking to these firms, when they previously wouldnt have considered selling so soon. Entire contents copyright 2023 by InsuranceNewsNet.com Inc. All rights reserved. Terms of the transactions were not disclosed. Heretofore, AmeriLife primarily concentrated on expansion through acquisitions of existing producers. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a national distribution network of over 300,000 insurance agents and advisors, more than 50 marketing organizations, and 50 insurance agency locations. "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. Operating Status Active. Is your client emotionally ready for retirement? ", "Genstar Capital could not be more excited to welcome AmeriLife to our portfolio," said Ryan Clark, president and managing director of Genstar Capital. That kind of return on investment is necessary for AmeriLife now that it is in the hands of private equity firms. 15% of AmeriLife employees are Black or African American. and fortified its vast and powerful distribution network for years to come. Financial terms werent announced. Thats where Coleman comes in. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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It was an odd interview. Any information we provide is limited to those plans we do offer in your area. View Guidelines. Reservoir Capital Group and Black Diamond Capital Partners acquired AmeriLife in 2007, and sold it in 2015 to J.C. Flowers acquires a majority stake in AmeriLife, helping the company issue approximately $7.7 million in stock over three years. values in each and every interaction we have. Edit Lists Featuring This Company Section, AmeriLife acquires Minnesota insurance products distributor, AmeriLife opens first Rhode Island office, Companies With More Than 100 Employees (Top 10K). We cant wait to speak with you! After extensive research and analysis, Zippia's data science team found that: 51% of AmeriLife employees are women, while 49% are men. 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 . American Benefits Exchange specializes in providing insurance solutions to federal, postal and state employees, as well as members of the United States Armed Forces and small businesses. Today, carriers need more than just a good distributor. 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. Private investors buy majority stake in AmeriLife. Institutional Wealth Management, Broker-Dealer & RIA. American Benefits Exchange is a well-rounded marketing company that has made its mark in life, health and annuity distribution, supplementing existing government benefit plans, said AmeriLife Chairman and CEO Scott R. Perry. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. AmeriLifes strategy of serving (pre)retirees was truly an inspired one, its company history states. "Genstar's investmentwillaccelerate our growthandhelpus continue tobuild out our platform toprovide superiorsupport toour carrier partners,our affiliates and our agents. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. AmeriLife enters the life insurance space, acquires Agent Support Group Inc. J.C. CLEARWATER, Fla., Oct. 6, 2020 /PRNewswire/ -- AmeriLife Group, LLC ("AmeriLife"), the national leader in marketing and distributing life, health and retirement solutions, has acquired Secure Administrative Solutions (SAS) from A-CAP. 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. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com. It continues to thrive with these efforts as well. Research Summary. 51% of AmeriLife employees are women, while 49% are men. Flowers, the private-equity firm run by investor J. Christopher Flowers, is the seller. Now is not the time, but we'll make the determination of what's the best way to maximize value for shareholders. These businesses include primary insurance carriers (Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company), an SEC registered investment adviser, reinsurance vehicles, and marketing organizations. Interested in a career with AmeriLife? About A-CAPA-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. Throughout her career, she's led the creation and implementation of several key systems to automate operational processes and help improve client and agent experiences. 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