A group of private equity firms are forming a new life and health insurance broker. According to a press release (see here and here), the broker, called Insphere Insurance Solutions, will be formed by The Blackstone Group, Goldman Sachs and Credit Suisse. The plan:
This new company expects to be the nation’s largest independent career agent distribution group offering life, health, long-term care and retirement products for small businesses and the middle-income market. Long-time insurance industry executive Phillip J. Hildebrand has been named as chief executive officer for the new company. Insphere Insurance Solutions will be exclusively focused on the under-served small business and the middle income market, said Hildebrand. This market has been largely ignored by major insurance carriers and agents who have migrated to serve more affluent consumers. This has resulted in a scarcity of distribution in this market.
Insphere Insurance Solutions expects to be the largest independent career agent insurance distribution group in America, with a force of 3,500 agents and offices in over 40 states expected when the company commences services in 2010.
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I'm starting up my new agency right now online but I'm not experienced with online marketing just yet since I have been doing it the old fashion way by going to their home. You have a really good website. Since you have started your new Life/Health broker have you been successful with producing leads, selling online, ect? visit my website to see my new online H & L agency and maybe we can learn from each other.
Posted by: Hannah Prichard | September 06, 2009 at 08:15 PM