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US-based insurance coverage brokerage agency Heffernan Insurance coverage Providers has acquired Obtain Alpha Insurance coverage.
Gary Franke, president of Obtain Alpha Insurance coverage, and his three group members have joined HeffDirect, a part of Heffernan Insurance coverage Brokers.
Based in 2008, Obtain Alpha helps prospects in Washington with the state’s well being market and Medicare to seek out the very best resolution.
As well as, it really works with various carriers to supply further merchandise similar to life insurance coverage, incapacity insurance coverage, and long-term care insurance coverage.
“I’m excited to hitch an ideal firm and capable of be a strategic useful resource in serving to people get the very best insurance coverage for his or her wants in Washington State,” stated Gary Franke, now a vp of Heffernan Insurance coverage Brokers.
“We’re thrilled to welcome Gary Franke and the group at Obtain Alpha Insurance coverage to our small enterprise division, HeffDirect. Their intensive experience in navigating the Particular person Well being and Medicare markets, mixed with their dedication to delivering distinctive customer support, align with our mission to offer complete and tailor-made insurance coverage options to our shoppers,” stated F. Michael Heffernan, president, and CEO of Heffernan Insurance coverage Brokers.
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“This acquisition not solely enhances our capabilities within the Washington market but additionally signifies our dedication to continued development and enlargement nationally.”
Phrases of the transaction weren’t disclosed, however Helfer & Associates served as adviser to Obtain Alpha.
Heffernan Insurance coverage Brokers fashioned an alliance with TrustLayer in 2023 to automate insurance coverage verification by offering prospects with entry to a threat administration platform powered by synthetic intelligence (AI) expertise.
The partnership relies on TrustLayer’s AI-based collaborative threat administration platform that facilitates sooner and improved proof of insurance coverage verification.
Utilizing the platform, Heffernan prospects will have the ability to higher handle their threat exposures.
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