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An insurance coverage distribution know-how firm has proven that U.S. deal-making equipment could also be creaking again to life.
Hexure, the Colorado Springs, Colorado-based life and annuity distribution tech agency recognized for working the FireLight gross sales assist system, introduced Monday that it has acquired Vive Options, a Windfall, Rhode Island-based life insurance coverage tech platform.
Thomas H. Lee Companions, a non-public fairness agency, acquired a majority stake in Hexure in 2020, and the companions have made a degree of their enthusiasm in regards to the firm’s prospects.
Hexure executives mentioned they made the deal to enhance the agency’s capacity to supply assist for gross sales of life insurance coverage, different insurance coverage merchandise and annuities by way of one system.
Hexure and Viva haven’t disclosed the deal worth or different transaction phrases.
The gamers: Hexure, beforehand often called Insurance coverage Applied sciences, was based in 1995 and offers assist for gross sales of life insurance coverage and different insurance coverage merchandise in addition to for annuity gross sales. FireLight should still be higher recognized for annuity gross sales assist.
Clients can use the methods to draw prospects; present quotes; put together, verify and monitor purposes; and assist shoppers after merchandise have been offered.
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