Wednesday, July 08, 2009
Blackstone, Goldman Sachs Back New Insurance Agency
Blackstone Group LP, Goldman Sachs Group Inc. and Credit Suisse Group AG are backing a new U.S. firm marketing insurance to small businesses and middle-income individuals... Insphere Insurance Solutions will sell life, retirement and health products through 3,500 agents when the Dallas-based firm launches in January, the company said in a statement. Funding comes from a $1 billion private equity investment made in 2005 in HealthMarkets Inc., a predecessor firm whose agents will be retrained as the Insphere sales force, said Phillip Hildebrand, chief executive officer of both companies, in an interview...
Bloomberg: Blackstone, Goldman Sachs Back New Insurance Agency
Bloomberg: Blackstone, Goldman Sachs Back New Insurance Agency
Permalink posted by markw @ 4:44 AM 
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