BALTIMORE, Aug. 23, 2023 – Libra Insurance Partners (LIBRA), the leading independently-owned life insurance marketing organization (IMO) in the United States, has officially announced a groundbreaking partnership with Highland Capital Brokerage (HCB), a nationally recognized life insurance and annuity distribution powerhouse and a subsidiary of Osaic. This collaboration is set to significantly strengthen both organizations, driving growth and enhancing service capabilities within the insurance sector.
“We are incredibly enthusiastic about this strategic alliance with Highland Capital Brokerage. Their reputation and market presence are truly impressive, and we believe this partnership will be instrumental in facilitating their ambitious growth and expansion goals,” stated William (Bill) Shelow, CLU®, ChFC®, CPCU®, LLIF, President and CEO of LIBRA Insurance Partners.
Highland Capital Brokerage is renowned for delivering comprehensive risk management strategies and solutions. They empower financial professionals to effectively protect and expand their clients’ financial portfolios. As a national leader in life insurance, annuities, disability, and longevity planning, HCB provides crucial solutions across the financial spectrum, catering to both institutional and independent partners.
Teague Wright, President of Highland Capital Brokerage, emphasized the strategic importance of this new venture: “Partnering with LIBRA Insurance Partners marks a pivotal moment in Highland’s evolution. Our diverse sales organization will greatly benefit from the extensive network of carriers and their diverse product offerings, enabling us to deliver superior risk management solutions to our valued clients. We are eager to leverage the vast resources and sophisticated tools that this affiliation brings to the table.”
HCB boasts a substantial team of over 300 professionals nationwide, known for their exceptional talent and deep industry experience.
J. Craig Collins, Executive Vice President and Chief Relationship Officer of LIBRA Insurance Partners, also shared his perspective: “Having been associated with Highland Capital Brokerage in various capacities since its inception, I am particularly excited about this partnership. They embody the core values and principles that LIBRA and our partners stand for. Teague and her leadership team have cultivated a best-in-class organization, and their strengths will perfectly complement our market focus and carrier relationships. Their decision to partner with LIBRA underscores the significant value we offer to our partner firms by providing industry-leading resources and tools designed to bolster their success.”
Shelow further commented, “This partnership undoubtedly elevates the standing and capabilities of both LIBRA Insurance Partners and Highland Capital Brokerage within the industry.”
LIBRA Insurance Partners is committed to a true partnership model, built on the foundational belief in “the strength of many and the power of one.” The organization offers unique advantages to its partners, including reinsurance ownership opportunities, effective agent retention programs, expert business development consulting, dynamic live training events, and a wealth of robust sales and marketing resources. This comprehensive support system fosters a collaborative community dedicated to the success of each shareholder.
Through this strategic partnership, Highland Capital Brokerage gains enhanced access to a range of advanced planning tools and benefits, significantly expanding their operational resources and client service capabilities. These key benefits include:
- An exclusive facultative underwriting program in collaboration with RGA Reinsurance Group of America, Incorporated (RGA).
- Strengthened relationships with an expanded network of affiliated carriers and reinsurers, providing broader product access.
- Access to a dedicated medical director for enhanced underwriting support.
- Comprehensive product white papers and industry-leading benchmarking tools.
- A proprietary, efficient quick quoting and informal processing platform to streamline operations.
About Highland Capital Brokerage (HCB)
Highland Capital Brokerage is a premier national distribution company specializing in life insurance, annuity, disability, and long-term care solutions. They are dedicated to providing robust point-of-sale support, cutting-edge advanced marketing strategies, and innovative estate and business planning techniques to financial advisors and insurance professionals across the country. HCB is committed to delivering efficient, client-centric services, leveraging deep carrier and product expertise, skilled underwriting negotiation, and comprehensive back-office processing. Highland offers unbiased access to top-tier insurance carriers, advanced planning support, expert risk underwriting guidance, and seamless back-office processing to insurance brokers, financial planners, and institutions such as banks, wirehouses, and CPA firms. For more detailed information about Highland Capital Brokerage, please visit www.highlandbrokerage.com.
About LIBRA Insurance Partners (LIBRA)
LIBRA Insurance Partners stands as a leading insurance marketing organization dedicated to serving independent insurance producers, brokers, and financial institutions. Formed from the merger of LifeMark Partners and BRAMCO Financial Resources, and further strengthened by the integration of Insurance Designers of America (IDA) in 2022, LIBRA’s mission is to utilize strategic relationships, deep industry expertise, and continuous innovation to expand life insurance distribution for the mutual benefit of all stakeholders. LIBRA Insurance Partners is focused on the continuous development and enhancement of resources that set its partner agencies apart from the competition. Partner firms benefit from exclusive proprietary service offerings, unparalleled partnership support, deep product expertise, and access to cutting-edge technologies and tools, including extensive underwriting support resources. To explore partnership opportunities with LIBRA Insurance Partners, please visit www.LIBRAInsurancePartners.com or contact them directly at (410) 837-3022.
Securities by Licensed Individuals Offered Through Securities America, Inc. A Registered Broker/Dealer, Member FINRA, SIPC. Doing business in California as Highland Annuity & Insurance Services.
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SOURCE LIBRA Insurance Partners
