HomeLife InsuranceFireLight's Dad or mum Acquires Tech Platform

FireLight’s Dad or mum Acquires Tech Platform


An insurance coverage distribution generation corporate has proven that U.S. deal-making equipment could also be creaking again to existence.

Hexure, the Colorado Springs, Colorado-based existence and annuity distribution tech company recognized for operating the FireLight gross sales strengthen device, introduced Monday that it has obtained Vive Answers, a Windfall, Rhode Island-based existence insurance coverage tech platform.

Thomas H. Lee Companions, a personal fairness company, obtained a majority stake in Hexure in 2020, and the companions have made some extent in their enthusiasm in regards to the corporate’s potentialities.

Hexure executives stated they made the deal to fortify the company’s talent to provide strengthen for gross sales of existence insurance coverage, different insurance coverage merchandise and annuities thru one device.

Hexure and Viva have no longer disclosed the deal worth or different transaction phrases.

The gamers: Hexure, up to now referred to as Insurance coverage Applied sciences, used to be based in 1995 and offers strengthen for gross sales of existence insurance coverage and different insurance coverage merchandise in addition to for annuity gross sales. FireLight would possibly nonetheless be higher recognized for annuity gross sales strengthen.

Consumers can use the methods to draw potentialities; supply quotes; get ready, take a look at and observe packages; and strengthen shoppers after merchandise had been offered.

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