TZ Insurance Solutions LLC says it hopes to hire about 1,200 insurance sales agents in time for the Medicare plan annual enrollment period.
TZ Insurance — a Fort Lee, New Jersey-based company that does business as Tranzact — wants to fill all of the posts by September.
- The Tranzact career website is available here.
- An article about eHealth’s agent hiring is available here.
The Medicare annual enrollment period traditionally runs from Oct. 15 through Dec. 7.
Marc Byron started TZ, as Paradigm Direct, in 1997. He sold it in 2000, then bought it back, with help from Halyard Capital, in 2003, He changed the name of the company to Tranzact around that time.
The company sells Medicare supplement insurance policies, Medicare Part D prescription drug plans, and ancillary products, such as dental insurance and life insurance, as well as Medicare Advantage plans.
Veronis Suhler Stevenson, a private equity firm, and Ares Private Equity Group acquired MG LLC, Tranzact’s parent, for $185 million, in 2007, according to the website of Trivergance, another Marc Byron company.
White Mountains Insurance Group Ltd. acquired MG from Veronis Suhler Stevenson and Ares Private Equity Group, for $280 million, in 2014.
Clayton Dubilier & Rice LLC acquired MG from White Mountains, for a price that wasn’t disclosed, in 2016.