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Life Health > Life Insurance

LTC Global Acquires NorthCoast: Deals

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What You Need to Know

  • LTC Global is getting closer to Capitas.
  • Integrity Marketing still has spending money.
  • Nationwide’s cash can be on an insurtech company's side.

LTC Global Inc. has acquired North Coast Brokerage Agency Inc.

LTC Global is a Fort Myers, Florida-based insurance distributor and insurance agency finance company.

NorthCoast is a life insurance brokerage firm that’s been doing business in Cleveland since 1972. It also has an office in Erie, Pennsylvania.

Bill Davis Jr., one of the co-founders, will continue to manage the business, according to LTC Global. The other co-founder, Bob Oglevee, is retiring.

NorthCoast has been affiliated with Capitas Financial, a company that provides support services for life insurance agencies and brokerage firms.

LTC Global said it already owns other Capitas-affiliated agencies: Pacific Southwest Financial, the Smith Cos. and Financial Advisory Associates.

LTC Global said it’s starting to integrate marketing for the Capitas-affiliated agencies.

In other life, health and annuity deal news:

Integrity Marketing Group LLC of Dallas, has acquired Access Capital Group LLC of Omaha, Nebraska, for a price that was not disclosed.

Integrity Marketing is a private-equity owned insurance marketing organization that has been growing rapidly through acquisitions.

Access Capital provides financing for insurance agents and agencies. The company uses information about policy renewals to estimate the value of client relationships and provide financing tied to projected commission revenue streams.

Bryan Neary and Dave Emerton, the principals and co-founders at Access Capital, will become managing partners with Integrity Marketing, according to Integrity Marketing.

Health Gorilla, of Sunnyvale, California, has raised $15 million in financing from a group of investors that includes the venture capital arms of Aflac Inc. and Nationwide.

Health Gorilla develops application program interfaces, or electronic sockets that outside organizations can use to plug into the collections of personal health information created by hospitals, health care systems and group medical practices.

Health Gorilla says it will use the new funding to go after new types of customers, such as insurers, and health care organization efforts to give patients access to their own medical records.

Erik Ross, the head of Nationwide’s venture capital team, said in the financing announcement that Health Gorilla’s API technology could help speed up the life insurance underwriting process.


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