GlobeNewswire | August 11, 2020
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Mark Hauser, Chairman of HAUSER (“HAUSER”), today announced that Brown & Brown, Inc. (Brown & Brown) has entered into an agreement to acquire the assets of HAUSER. The transaction is expected to close in September 2020, subject to certain closing conditions. HAUSER focuses on unique insurance solutions for private equity groups and their portfolio companies inclusive of M&A advisory and due diligence services, placement of insurance solutions for all aspects of business risk, employee benefits advisory services and 401(k) plan compliance. The agency was founded 50 years ago by the Hauser family and, under the leadership of Mark Hauser and James Stines, has developed deep specialization in M&A and risk advisory services for the private equity industry. HAUSER will continue to operate from its headquarters in Cincinnati, Ohio, led by James Stines. Barrett Brown, President of Brown & Brown Retail Division, stated, Mark and James have built an incredible team at HAUSER which provides best-in-class services for private equity firms and their portfolio companies. The ability to provide a continuum of services from initial due diligence to risk management solutions allows the HAUSER professionals to provide an incredibly high level of understanding, service and outcomes for their customers. We are excited to join the expertise and private equity focus of the HAUSER team with the capabilities of Brown & Brown to benefit our collective customers.
Cision PR Newswire | August 12, 2020
Policygenius, the nation's leading online insurance marketplace, announced today the launch of a mobile app that enables consumers to create wills and trusts conveniently on their phones. Consumers can also shop for life and home insurance from the app, creating a mobile one-stop shop for key financial protection needs. As an early insurtech pioneer, Policygenius is well known for digitizing the insurance space for modern consumers. Now, the company is bringing its focus on digital convenience and consumer education to wills and trusts, expanding out of the insurance industry for the first time. Our customers are busy people committed to securing financial protection for their families," Jennifer Fitzgerald, CEO and co-founder of Policygenius, said. "They're often thinking about making an estate plan at the same time they're considering securing life insurance, but knowing where to start can feel overwhelming. We developed this app as a way to provide people with a simple, digital way to handle multiple important financial decisions in one place.
Business Wire | August 31, 2020
A-CAP and AmeriLife today announced the launch of the Accumulation Protector Plus℠ (“APP”) Annuity, a 10-year fixed indexed annuity. The APP Annuity is the latest addition to the industry-leading product lines of A-CAP’s two insurance subsidiaries, Sentinel Security Life Insurance Company and Atlantic Coast Life Insurance Company. The APP Annuity is distinct in the industry, and gives contract holders exclusive access to the Credit Suisse Momentum Index (Bloomberg: CSEAMTM5 <Index>), as well as a unique 10-year guarantee of participation rates through the index. Principal protection and growth potential over a wide range of possible future financial conditions are fundamental features of the APP annuity. Contract holders can choose from eight flexible crediting strategies, including four strategies paired with the Credit Suisse Momentum Index, to create a custom growth plan that aligns with their retirement goals and protects their principal from market downturns.