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Abacus acquires life insurance brokerage services provider AccuQuote
Yahoo Finance· 2025-10-07 11:31
Core Viewpoint - Abacus Global Management has acquired AccuQuote to enhance its financial services platform and broaden customer access to insurance options [1][2][3] Group 1: Acquisition Details - The acquisition integrates AccuQuote's digital distribution capabilities with Abacus' expertise in financial planning and asset management [1] - Abacus aims to create synergies and reinforce its commitment to comprehensive wealth management solutions through this acquisition [2] - The integration of AccuQuote's platform is expected to better meet clients' needs throughout their financial life cycle [2][3] Group 2: Company Background - Abacus Global Management is listed on NASDAQ and specializes in alternative asset management and data-driven wealth solutions [3] - AccuQuote has been in the insurance industry for over 40 years, assisting nearly 350,000 families in securing life insurance [4] - AccuQuote has written $156 billion in insurance policy benefits and generated $340 million in premiums [4] Group 3: Strategic Goals - The acquisition aims to eliminate traditional barriers between protection planning and asset growth, delivering an integrated approach to wealth accumulation and preservation [3] - AccuQuote's CEO stated that joining Abacus will significantly expand their impact in the insurance marketplace and enhance technological capabilities [5][6] - The partnership will connect insurance solutions to broader wealth strategies, evolving alongside clients' financial needs [6]