Second is strategic capabilities, Perry said during a recent industry conference. Join Our Team. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. The AmeriLife network includes more than 300,000 independent agents and advisors, and more than 200 carrier partners. Private investors buy majority stake in 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. "This acquisition was in the spirit of partnership," said Scott R. Perry, Chairman and CEO of AmeriLife. 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. About AmeriLife AmeriLife's strength is its mission: to offer insurance and retirement solutions to help people live longer, healthier lives. 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.. 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. Founded Date 1971. "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 contact info: Phone number: (800) 458-7112 Website: www.amerilife.com What does AmeriLife do? 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. 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. 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. I interviewed at AmeriLife (Tampa, FL) in Oct 2022. Visit www.AmeriLife.comand follow AmeriLife on Facebookand LinkedInfor more information. Claiming and updating your company profile on Zippia is free and easy. AmeriLife provide insurance and retirement solutions to enhance the lives of pre-retirees and retirees. The THL-led consortium includes growth as the nations most dominant marketing and distribution company for financial solutions. 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. They need a partner with a legacy of multi-product innovation, commitment to collaboration, and focus on delivering enhanced value to its distribution and, ultimately, consumers. Terms of the transactions were not disclosed. 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. Development, implementation and delivery capabilities, giving our distribution partners a competitive edge and expanding their consumer reach. As part of our organic growth efforts, AmeriLife is continuing to develop and work through proprietary product opportunities within those aforementioned product lines. 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. Were excited for the possibility to serve you. The team at Senior Resource Group provides the tools, support and training necessary for success in the insurance industry. The process took 1 week. AmeriLifes strategy of serving (pre)retirees was truly an inspired one, its company history states. Flowers, the private-equity firm run by investor J. Christopher Flowers, is the seller. AmeriLife enters the RIA space, acquires majority stake in Brookstone Capital Management. AmeriLife relocates headquarters to Clearwater, Florida. The transaction is valued at over $1 billion, two people familiar with the deal said. Cision Distribution 888-776-0942 Please use the form below to get in touch with us and An error has occurred, please try again later. Celebrating Our Stars. The data presented on this page does not represent the view of AmeriLife and its employees or that of Zippia. 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. I know what we can do really well, which is distribute products and drive efficiency across that value chain. AmeriLife is a national leader in developing, marketing, and distributing . It was an odd interview. 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. Our partnership will support American Benefits Exchanges mission by leveraging a holistic approach to product delivery and expanding the companys distribution footprint.. Interested in a career with AmeriLife? "AmeriLife's holistic approach to product delivery meshes seamlessly with our business model," said Shane Souders, Senior Resource Group co-founder. Company Type For Profit. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Not affiliated with the U. S. government or federal Medicare program. ", "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. Reservoir Capital Group and Black Diamond Capital Partners acquired AmeriLife in 2007, and sold it in 2015 to J.C. The company employs more than 1,800 associates across the country, serving a growing population of more than 300,000 licensed agents and advisors in over 90 offices who, in turn, help enhance the health and financial wellbeing of more than 5 million pre-retirees and retirees. 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. Diverse experience leading delivery . Institutional Wealth Management, Broker-Dealer & RIA pages. For this reason, Ive seen friends talking to these firms, when they previously wouldnt have considered selling so soon. 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. https://www.barrons.com/articles/j-c-flowers-sells-insurer-amerilife-to-private-equity-group-for-more-than-1-billion-51578436367. 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. 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. This leader is also responsible for overseeing . 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. 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.. On average, employees at AmeriLife stay with the company for 3.2 years. "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. View Guidelines. Acquisitions of Senior Family Services and Right Choice also part of the deal. 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. Help us make this company more transparent. Who do I contact? In the last several years alone, AmeriLife has acquired more than 30 affiliates 116 were here. 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. Thomas H. Lee Partners is leading an investor group to acquire AmeriLife through a recapitalization, according to a statement. Does AmeriLife offer retirement services beyond conventional planning? 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. And our network continues to grow at a rapid pace, with. AmeriLife has proven that its model is the future of insurance marketing and distribution. The most common ethnicity at AmeriLife is White (60%). organizations joining AmeriLife in the past year alone. AmeriLife expands into the multicultural market, establishes Grupo LatinoAmericano de Seguros. How does someone become an AmeriLife career agent? AmeriLife's mission statement is "To provide insurance and retirement solutions to help people live longer, healthier lives.". Genstar will join AmeriLife's current private equity investor, Thomas H. Lee Partners, L.P.("THL"), as an equal investor. and fortified its vast and powerful distribution network for years to come. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Conjecture remains afloat that one or more of the aggressive IMOs will go public at some point. About A-CAPA-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. So, it's been a part of our strategy, but it is not the strategy, Perry said. When typing in this field, a list of search results will appear and be automatically updated as you type. I applied online. 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. After extensive research and analysis, Zippia's data science team found that: 51% of AmeriLife employees are women, while 49% are men. Last Funding Type Secondary Market. 51% of AmeriLife employees are women, while 49% are men. Evercore served as financial advisor to AmeriLife on the transaction. AmeriLife employees supporting your business. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. AmeriLife has 7,500 employees. AmeriLifes strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. Entire contents copyright 2023 by InsuranceNewsNet.com Inc. All rights reserved. At AmeriLife, we strive to exemplify our core. AmeriLife, 2023 I think I was asked 2 personal questions, but besides that, it was mostly him talking about his personal experiences with how life . 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. 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. Were biased, but we think its a pretty great place, too. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Over the next two decades, the company grew steadily as more and more pre-retirees flocked to Florida. 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. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com. How can I join the team? As the 21st century progressed it was a heady time to be in the retirement business. AmeriLife, 2023 across the life and health insurance, and annuities and retirement planning space. 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. The average employee at AmeriLife makes $54,512 per year. For more information, visitAmeriLife.com, and follow AmeriLife onFacebookandLinkedIn. 15% of AmeriLife employees are Hispanic or Latino. InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. Visit our. At AmeriLife, our values are more than just words When typing in this field, a list of search results will appear and be automatically updated as you type. Any information we provide is limited to those plans we do offer in your area. 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. A lioness in the industry With Angie Ribuffo, Find out how you can submit AIA and SAS will maintain their individual branding, but merge under the leadership of SAS president, Janelle Boudrero. 15% of AmeriLife employees are Hispanic or Latino. In 2019, AmeriLife acquired a majority interest in Brookstone Capital Management, a deal that created a combined organization with more than $3.5 billion in annual life, health and annuity premiums and $2.7 billion in assets under management. Will provide clinical supervision according to qualifications. ", "Genstar Capital could not be more excited to welcome AmeriLife to our portfolio," said Ryan Clark, president and managing director of Genstar Capital. 15% of AmeriLife employees are Black or African American. A big part of AmeriLifes growth strategy is expanding its presence in the annuities and fully underwritten life space, Fleming explained.

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