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: