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. Genstar will join AmeriLife's current private equity investor, Thomas H. Lee Partners, L.P.("THL"), as an equal investor. Does AmeriLife offer retirement services beyond conventional planning? At AmeriLife, our values are more than just words 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. "This partnership gives us access to the tools . Flowers sells a majority stake in AmeriLife to an investor group led by private equity firm Thomas H. Lee Partners. Our partnership will support American Benefits Exchanges mission by leveraging a holistic approach to product delivery and expanding the companys distribution footprint.. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a. From industry-best solutions from over 100 carriers, to our vast national distribution network, AmeriLife was built to grow and accelerate your business. For 2022, were proud to recognize the below carriers for their commitment to our shared values and the customers we serve. By putting its mission into practice, AmeriLife has become recognized as 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. When typing in this field, a list of search results will appear and be automatically updated as you type. So, it's been a part of our strategy, but it is not the strategy, Perry said. 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. Founded Date 1971. Flowers, the private-equity firm run by investor J. Christopher Flowers, is the seller. Diverse experience leading delivery . J.C. values in each and every interaction we have. This position can be based out of our Tempe or Glendale office. 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. AmeriLife establishes AmeriLife Marketing Group (AMG). At a time of increased distribution aggregation in the life and annuity markets, the integration of product development and distribution is a key business accelerator, Coleman said in a news release. Watched a 15-minute video about what Amerilife offers and then talked with the general manager. 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. Thats where Coleman comes in. Institutional Wealth Management, Broker-Dealer & RIA. Not affiliated with the U. S. government or federal Medicare program. About Senior Resource Group Senior Resource Group was founded in 2008 by insurance brokers who understand the needs of agents in the field. CLEARWATER, Fla., Dec. 11, 2020 /PRNewswire/ --AmeriLife Group, LLC ("AmeriLife"), the national leader in marketing and distributing life, health and retirement solutions, announced today it has purchased ownership and partnered with the rapidly growing Senior Resource Group (SRG), an independent field marketing organization based in Philadelphia. Join Our Team. The merging of these entities will leverage operational collaboration across these groups. Kansas City Metropolitan Area2K followers 500+ connections. Welcome to AmeriLife! 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. "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. AmeriLife, 2023 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. Executive Vice President, Product Innovation & Corporate Actuary. AmeriLifes management also is investing. At AmeriLife, we strive to exemplify our core. and fortified its vast and powerful distribution network for years to come. Get breaking news, exclusive stories, and money- making insights straight into your inbox. 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. How can I join the team? We cant wait to speak with you! InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. A lioness in the industry With Angie Ribuffo, Find out how you can submit AmeriLife has partnered with the nations leading, insurance carriers to provide value and quality, Over 300,000 insurance agents and advisors. Were biased, but we think its a pretty great place, too. 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. Private investors buy majority stake in AmeriLife. Medicare supplement products followed. For more information, visit www.acap.com. Evercore served as financial advisor to AmeriLife on the transaction. 51% of AmeriLife employees are women, while 49% are men. Launched in 2013, A-CAP is a privately held company with offices located in New York, Charleston, Chicago, Salt Lake City and Omaha. Interested in a career with AmeriLife? Independent marketing and distribution is big business in a country where 10,000 Americans retire each day. AmeriLife Group, an insurance distributor, will find itself owned by a private-equity firm for a third time. Im a business owner and ready to partner with AmeriLife. 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Research Summary. 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. They price risk and they manage assets. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Pearson will continue to lead American Benefits Exchange as President, while also serving as a principal and member of the AmeriLife Life & Health Brokerage Distribution division. To learn more about partnering with AmeriLife, contact us here. Visit our Employees page for more on our company and to browse corporate professional opportunities. AmeriLife Acquires SAS from A-CAP, While Growing Strategic Partnership. The company began offering fixed and indexed annuities at a time when the product was expanding greatly beyond simple offerings. Is your client emotionally ready for retirement? Boudrero will manage operations of the newly combined organization, with locations in Salt Lake City, Clearwater, Fla. and South Carolina. Scott R. Perry joins AmeriLife as chief executive officer. 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.. AmeriLife may also be known as or be related to AmeriLife, AmeriLife Group, AmeriLife Group, LLC, Amerilife Group Llc and Amerilife Group, LLC. theyre actions, demonstrated and delivered every day AIA and SAS will maintain their individual branding, but merge under the leadership of SAS president, Janelle Boudrero. AmeriLife Group, an insurance distributor, will find itself owned by a private-equity firm for a third time. As a part of the transaction, AmeriLife also welcomes to its family of companies Senior Family Services (SFS), a Philadelphia-based independent insurance agency specializing in products for older Americans, and Right Choice (RC), an Atlantic City, N.J.-based bilingual field marketing brokerage firm. Technology capabilities across the platform include e-app, e-contracting, point-of-sale underwriting, and voice signature capabilities, as well as robust work-management systems, and agent, policyholder and provider portals. But Perry sees AmeriLifes venerable carrier partners, such as Transamerica and Nationwide, as crucial to their business model. Best-in-class, industry leading compliance standards and practices developed in collaboration with our carrier partners that support distribution expansion. Perry doesnt rule it out but said that isnt the plan right now. 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. Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. 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. from 8 AM - 9 PM ET. We do not offer every plan available in your area. Entire contents copyright 2023 by InsuranceNewsNet.com Inc. All rights reserved. Cision Distribution 888-776-0942 Acquisitions of Senior Family Services and Right Choice also part of the deal. With this acquisition, AmeriLife plans to leverage existing operations to maximize scale, expanding on the strengths of the separate organizations. 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.. Hopefully, we make their lives easier and make them more efficient at what they do.. I interviewed at AmeriLife (Tampa, FL) in Oct 2022. In recent years, AmeriLife continued to push through growth barriers under the leadership of CEO Scott Perry, brought aboard in 2016. AmeriLife relocates headquarters to Clearwater, Florida. "We look forward to our continued partnership, and we welcome our partners at Genstar, whose investment will help accelerate AmeriLife's next stage of growth and development.". Claiming and updating your company profile on Zippia is free and easy. Development, implementation and delivery capabilities, giving our distribution partners a competitive edge and expanding their consumer reach. AmeriLife's strength is its mission: to offer insurance and retirement solutions to help people live longer, healthier lives. AmeriLife, 2023 Now is not the time, but we'll make the determination of what's the best way to maximize value for shareholders. In early November, AmeriLife shocked the industry with a blockbuster deal for TruChoice Financial Group. wewill respond within 24 hours. 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. 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. 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. 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. About AmeriLife. 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. 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. "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. A third PE firm, Thomas H. Lee Partners, acquired AmeriLife in 2020 in a reported deal that exceeded $1 billion. AmeriLifes 50-year legacy is rivaled only by the promise and excitement of its continued Any information we provide is limited to those plans we do offer in your area. Please use the form below to get in touch with us and 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. We think about running the business and building a great company, he said. Second is strategic capabilities, Perry said during a recent industry conference. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. AmeriLife has proven that its model is the future of insurance marketing and distribution. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Any information we provide is limited to those plans we do offer in your area. AmeriLife expands into the multicultural market, establishes Grupo LatinoAmericano de Seguros. 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. 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.. AmeriLife was founded in Holiday, Florida. AmeriLife expands outside of Florida, opening an office in North Carolina. The merger of SRG, SFS and RC represents more than 50 years of combined insurance industry experience. The company's remarkable growth is the result of vision and innovation, resulting in record expansion, production, sales, and profits in recent years. About Right Choice Right Choice is a field marketing insurance brokerage firm based in Atlantic City, N.J. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a recapitalization, according to a statement. 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. Feature papers represent the most advanced research with significant potential for high impact in the field. Delivering insurance and financial solutions to agents and advisors to help people live longer, healthier lives. 15% of AmeriLife employees are Hispanic or Latino. How does someone become an AmeriLife career agent? Company Type For Profit. Im an insurance company and want to engage AmeriLife. For this reason, Ive seen friends talking to these firms, when they previously wouldnt have considered selling so soon. 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). Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In 2021, nearly 5 million Americans were advised on and delivered the financial solutions they need through AmeriLifes vast, nationwide distribution. Senior Family Services is dedicated to ensuring its clients obtain the coverage and benefits they need to live a happy and healthy retirement. 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. 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. This leader is also responsible for overseeing . AmeriLife is ranked #24 on the Best Insurance Companies to Work For in Florida list. Institutional Wealth Management, Broker-Dealer & RIA pages. To learn more, visit our Wholesale Brokerage and Institutional Wealth Management, Broker-Dealer & RIA pages. Headquartered in Clearwater, Fla., AmeriLife is one of the leading independent marketing organizations and registered investment advisors in the United States. When typing in this field, a list of search results will appear and be automatically updated as you type. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Baby boomers rapidly aged and life insurance products evolved to meet versatile needs. Our estimates are verified against BLS, Census, and current job openings data for accuracy. To learn more, Were biased, but we think its a pretty great place, too. 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. 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. AmeriLife enters the RIA space, acquires majority stake in Brookstone Capital Management. "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. Do not offer every plan available in your area company, he said separate.... About running the business and other beats in more than 50 years of daily journalism 20 years of combined industry... Firm Thomas H. Lee partners solutions from over 100 carriers, to vast! Company began offering fixed and indexed annuities at a time when the Product was expanding beyond..., an insurance company and to browse Corporate professional opportunities, where the is! 2022, were proud to recognize the below carriers for their commitment our. 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