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Sunday, March 3, 2024

Heffernan snaps up Obtain Alpha


US-based insurance coverage brokerage agency Heffernan Insurance coverage Companies has acquired Obtain Alpha Insurance coverage.

Gary Franke, president of Obtain Alpha Insurance coverage, and his three staff 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 search out the most effective resolution.

As well as, it really works with a variety of carriers to supply extra merchandise resembling life insurance coverage, incapacity insurance coverage, and long-term care insurance coverage.

“I’m excited to hitch an awesome firm and in a position to be a strategic useful resource in serving to people get the most effective insurance coverage for his or her wants in Washington State,” mentioned Gary Franke, now a vp of Heffernan Insurance coverage Brokers.

“We’re thrilled to welcome Gary Franke and the staff at Obtain Alpha Insurance coverage to our small enterprise division, HeffDirect. Their in depth 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 purchasers,” mentioned 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) know-how.

The partnership is predicated 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 be capable to higher handle their threat exposures.


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