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. 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. Kansas City Metropolitan Area2K followers 500+ connections. Who do I contact? One of the things that we first and foremost look for his talent. In 2021, nearly 5 million Americans were advised on and delivered the financial solutions they need through AmeriLifes vast, nationwide distribution. About 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. About Senior Resource Group Senior Resource Group was founded in 2008 by insurance brokers who understand the needs of agents in the field. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. Today, AmeriLife operates nationwide, employs more than 2,000 full-time employees, oversees $9 billion in annual premiums, has $8 billion in assets under management and generates $500 million in annual revenues. "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. AmeriLife is a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions to protect the health and retirement needs of consumers. 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. wewill respond within 24 hours. Boudrero will manage operations of the newly combined organization, with locations in Salt Lake City, Clearwater, Fla. and South Carolina. Founded Date 1971. AmeriLife's strength is its mission: to offer insurance and retirement solutions to help people live longer, healthier lives. Please use the form below to get in touch with us and 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. Not affiliated with the U. S. government or federal Medicare program. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. Providing insurance and financial advisors to help people live longer, healthier lives AmeriLife | Clearwater FL About A-CAPA-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. Were excited for the possibility to serve you. Absolutely.. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a recapitalization, according to a statement. SAS is a multi-product, third-party administrator, and this acquisition plays a key role in AmeriLife's strategic initiative to expand its third-party administrator capabilities. SRG was already a top-performing Medicare sales agency in the Philadelphia metro area; merging these groups together with AmeriLife creates unlimited potential.". He previously co-founded the Ideal Producers Group, where he spearheaded the actuarial department and led product innovation, design and marketing. 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. 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. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Senior Family Services owners Anthony Souders, Nicholas Germak, and Elena Burenko will become members of SRG along with Licy Bonilla and Eglis Craffey, owners of Right Choice. 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. 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. 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. 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. Executive Vice President, Product Innovation & Corporate Actuary. However, if required, an agent is always there to assist , from our interview with Legal & General Americas president and CEO Mark Holweger, on the emergence of Fintech and the digital sale of life insurance, Advertise with Us | 508-641-2418 | info@lifehealth.com | Privacy | 2023 JonHope Publishing Company, Inc. | Find us on Facebook Twitter LinkedIn, Boston-Area Website Design by BKJ Productions, New Products From Lincoln Financial Provide Greater Protection For Loved Ones And Retirement, Pandemic Changes Employees Attitudes & Behaviors Toward Insurance, Luminar Partners With Swiss Re; Launches Insurance Program, The Standard Partners With Black Insurance Industry Collective, Orion Launches Advisor Academy, A Free On-Demand Learning Platform For Fiduciary Advisors, New Online Tool Helps Older Adults Manage Their Finances, Griffin Distribution Partners Joins LIBRA Insurance Partners, MetLife Investment Management To Acquire Alternative Investment Firm Raven Capital Management, NewEdge Advisors Launches W2 Model That Prioritizes The Advisor-Client Relationship, WeBuy75.com Launches Advanced Life Expectancy Calculator For Life Insurance Industry, AllianzIMs Suite Of ETFs Exceeds $1 Billion In Assets, New Enhancements To Leading Instant Decision Term Product. 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. "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. In the last several years alone, AmeriLife has acquired more than 30 affiliates Operating Status Active. Our partnership with AmeriLife brings us access to market-leading life, health and annuity products and best-in-class training and technology tools that will position American Benefits Exchange to grow exponentially while continuing to faithfully serve our clients.. We don't think about the exit. In doing so, it has strengthened its offerings, expanded its geographical footprint, from 8 AM - 9 PM ET. ", "Genstar Capital could not be more excited to welcome AmeriLife to our portfolio," said Ryan Clark, president and managing director of Genstar Capital. Quality and insightful product development turns insurer relationships into long-lasting partnerships and maximizes the value delivered up and down the vertical.. That accelerated growth is being fueled by supersized acquisitions. Business Profile Ameri-Life Marketing Group, LLC Marketing Programs Contact Information 2650 McCormick Dr Clearwater, FL 33759-1005 Get Directions Visit Website (800) 531-1411 File a Complaint. Legal Name AmeriLife Group, LLC. AmeriLife expands into the multicultural market, establishes Grupo LatinoAmericano de Seguros. Will provide clinical supervision according to qualifications. I know what carriers do really well, said Perry, former executive at CNO Financial and Bankers Life. We cant wait to speak with you! 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. 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. Since 2018, AmeriLifes 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. Diverse experience leading delivery . https://www.barrons.com/articles/j-c-flowers-sells-insurer-amerilife-to-private-equity-group-for-more-than-1-billion-51578436367. AmeriLifes strategy of serving (pre)retirees was truly an inspired one, its company history states. 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.". Get breaking news, exclusive stories, and money- making insights straight into your inbox. AmeriLife's mission statement is "To provide insurance and retirement solutions to help people live longer, healthier lives.". In recent years, AmeriLife continued to push through growth barriers under the leadership of CEO Scott Perry, brought aboard in 2016. Acquisitions of Senior Family Services and Right Choice also part of the deal. AmeriLife was founded in 1971 in Holiday, Fla., a small community just north of Clearwater, and sold life and health policies to people nearing retirement age. 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. AmeriLife expands outside of Florida, opening an office in North Carolina. The employee data is based on information from people who have self-reported their past or current employments at AmeriLife. A lioness in the industry With Angie Ribuffo, Find out how you can submit Fifty-five percent of its business is focused on health, 35% on annuities and 10% on life insurance. For the best Barrons.com experience, please update to a modern browser. Im a prospective customer. help people live longer, healthier and more secure lives. AmeriLife, 2023 AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. "We've maintained a strong strategic relationship with A-CAP over the years and are excited to start this next chapter with SAS as a part of our third-party administrator family of companies. 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. Visit our. Second is strategic capabilities, Perry said during a recent industry conference. 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. We do not offer every plan available in your area. The Firm's domain expertise and resources help to build great companies with an aim to accelerate growth, improve operations and drive long-term sustainable value. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. Not affiliated with the U. S. government or federal Medicare program. Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Join Our Team. Entire contents copyright 2023 by InsuranceNewsNet.com Inc. All rights reserved. Have you worked at AmeriLife? Welcome to AmeriLife! Private equity firm Genstar Capital makes a strategic investment in AmeriLife, joining Thomas H. Lee Partners as an equal investor. and fortified its vast and powerful distribution network for years to come. The most common ethnicity at AmeriLife is White (60%). It continues to thrive with these efforts as well. To learn more, visit our Wholesale Brokerage and Institutional Wealth Management, Broker-Dealer & RIA pages. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. 51% of AmeriLife employees are women, while 49% are men. As part of our organic growth efforts, AmeriLife is continuing to develop and work through proprietary product opportunities within those aforementioned product lines. AmeriLife enters the life insurance space, acquires Agent Support Group Inc. J.C. Feature papers represent the most advanced research with significant potential for high impact in the field. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. Last Funding Type Secondary Market. Genstars investment will accelerate our growth and help us continue to build out our platform to provide superior support to our carrier partners, our affiliates and our agents, Perry said at the time. 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. 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. 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. 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. AmeriLifes 50-year legacy is rivaled only by the promise and excitement of its continued She also brings experience in supporting the development and successful launch of new annuity products. 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 . Were biased, but we think its a pretty great place, too. wewill respond within 24 hours. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. The American Benefits Exchange team is excited to join the AmeriLife family, said American Benefits Exchange President Brian Pearson. The THL-led consortium includes J.C. Please use the form below to get in touch with us and Baby boomers rapidly aged and life insurance products evolved to meet versatile needs. AmeriLife employees supporting your business. After extensive research and analysis, Zippia's data science team found that: 51% of AmeriLife employees are women, while 49% are men. 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. Reservoir Capital Group and Black Diamond Capital Partners acquired AmeriLife in 2007, and sold it in 2015 to J.C. Please email Patrick Nichols, AmeriLifes senior vice president of corporate development, at. There are a number of paths that we could go. from 8 AM - 9 PM ET. We've detected you are on Internet Explorer. Over the next two decades, the company grew steadily as more and more pre-retirees flocked to Florida. AmeriLife's strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. Cannae Holdings The transaction is expected to be completed in the third quarter. We think about running the business and building a great company, he said. In 2021, nearly 5 million Americans were advised on and delivered the financial solutions they need through AmeriLifes vast, nationwide distribution. Click here to start your journey toward becoming an AmeriLife-affiliated agent.

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