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Life Health > Life Insurance

Simplicity Group Acquires Davis Life

By Allison Bell

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Simplicity Group Holdings has acquired Davis Life & Annuity, an insurance distributor, Simplicity announced Wednesday.

Simplicity is a Hartford, Connecticut-based life and annuity distribution company that was previously known as Futurity First.

(Related: Private Equity-Backed Distributor Buys Two Firms)

The company has used financial backing from Aquiline Capital Partners, a private equity firm, to acquire a total of 11 life and annuity distributors since 2008, including Dressander & Associates Inc., InsurMark and Vick & Associates Financial Marketing.

Davis Life & Annuity is a West Des Moines, Iowa-based wholesale life and annuity brokerage firm.

Ronald Davis founded the company in 1980. The other co-owners have been Trent Davis and Jon Davis.

Trent Davis and Bob Pedigo, the head of Davis Life’s life underwriting team, have written for Life Insurance Selling and other industry publications over the years

— Read New Life Agency Group Gets Financing, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on LinkedIn and Twitter.

Allison Bell

Think_Allison

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NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.