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DZ Bank Provides $100MM Credit Facility to Ensurem

March 09, 2022, 07:40 AM
Filed Under: Insurance

Ensurem, a Florida-based insurance technology and distribution company, entered into a $100 million credit facility with DZ BANK. This facility refinances existing debt and allows Ensurem to meaningfully increase the marketing and distribution of Medicare Advantage and Medicare Supplement policies.

This new lending facility provides Ensurem with significant capacity to promote initiatives aimed at meeting the healthcare needs of America's seniors, and to onboard more agents to satisfy this increased demand. Ensurem plans to double its agent headcount in 2022 relative to the start of the 2021 Annual Enrollment Period.

"Our vision is to provide Medicare shoppers with a more simplified shopping experience, helping match them with health insurance plan options that meet their unique health and budget needs," said Dave Rich, CEO of Ensurem. "This loan allows us to continue to expand our reach and provide seniors with more options to help them live their best lives." Ensurem has also recently announced a new partnership with fitness and lifestyle icon Denise Austin.

The establishment of this facility follows several years of robust growth at Ensurem, including its 2021 acquisition by 777 Partners, a Miami-based investment firm. 777 Partners owns a diversified portfolio of insurance carriers, technology companies, and distributors across the life, health and property & casualty verticals. Ensurem represents its second investment in the Medicare market.

"This lending facility represents a tremendous step forward for the financing of Medicare policy distribution and uniquely positions Ensurem to expand its market share in the fast-growing senior health space," said Jorge Beruff, Managing Director at 777 Partners. "We are excited to facilitate this next phase of Ensurem's growth," said Alexander Ploch, Director at DZ BANK.

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