Insurance Lounge Raises $15M Growth Equity to Fuel Rapid Expansion

Insurance Lounge, has closed on $15M of growth equity financing to accelerate the company’s expansion plans. The financing will support the company’s initiatives for geographic growth, including the opening of new locations, the acquisition of additional agencies and the pursuit of key talent hires. The financing round was completed by a consortium of institutional investors led by Brian Modesitt and Alta Point Capital. “As a second-generation agency owner, I kept seeing consumers confused and frustrated by the insurance buying...

BLINK by Chubb Launches Blink Paycheck

BlinkSM by Chubb® announced today the launch of Blink Paycheck, a new income protection insurance product that can help keep consumers’ lives on track when they are sick or injured and unable to work. Blink is a suite of Chubb-backed consumer insurance products that the company’s affinity and digital broker partners offer to their customers, enhancing and enabling their own products and services with relevant offerings that deepen customer relationships and loyalty. Chubb is the world’s largest...

CL Life Expands Marketing and Sales Team with New Director

CL Life and Annuity Insurance Company (“CL Life”), a provider of insurance products designed for retirement assets that seek to offer policyholders stable growth, tax deferral and income planning, today announced the appointment of Gary Sorensen as Director, Sales and Marketing. In this new position, Mr. Sorensen will be responsible for spearheading CL Life’s business development, relationship management and marketing operations. Mr. Sorensen will report to Rick Hodgdon, President and Head of Insurance Business at CL Life. “We’re...

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