CHICAGO – (GLOBE NEWSWIRE) – PEAK6 today announced that its insurance operations subsidiary, PEAK6 InsurTech, has signed an agreement to acquire We Insure, a rapidly growing independent insurance franchise company. The acquisition will build on PEAK6’s acquisition of National Flood Services in 2018 and pending acquisition of Team Focus to position PEAK6 InsurTech as one of the nation’s leading providers of property and casualty insurance products, with a growing distribution network of franchises across the United States.
“Rooted in a shared understanding that agents power the insurance ecosystem, PEAK6 InsurTech and We Insure will be positioned to become an unstoppable force in the insurance industry,” said Deb Franklin, Co-CEO of PEAK6 InsurTech. “By combining our demonstrated expertise in insurance, technology and innovation with We Insure’s nationwide distribution network, we’re poised to deliver better value to customers as we rapidly scale our locations across the country.”
We Insure was established in 2009 and has evolved into one of the most trusted insurance franchise offerings in North America. After growing over 55% in 2020 and doubling its franchise footprint in 2021, the business model is attracting entrepreneurs with its vast carrier access, full customer service team, and turn-key support system. We Insure currently achieves a quarter billion in premiums through its more than 200 agencies in 26 states.
“This new relationship with PEAK6 will propel our ongoing strategy to offer outstanding support and growth opportunities for our franchisees. The massive distribution channel through our franchisees, combined with the capacity of its own products with MacNeill Group and Capacity Insurance (subsidiary of Team Focus) is what this industry really needs. We are excited to combine forces with PEAK6 InsurTech,” said Philip Visali, Founder and CEO of We Insure. “Upon closing, our franchise owners will be able to leverage PEAK6 InsurTech’s advanced technology, niche carrier access and back-end services as We Insure further accelerates growth and significantly expands its footprint nationwide.”
PEAK6 InsurTech will further strengthen We Insure’s carrier access, IT infrastructure, and agency support model, so agents can focus solely on growing and retaining customer relationships across personal and commercial lines. By combining the power of unmatched carrier access with innovative back-end technology, PEAK6 InsurTech and We Insure will deliver better value to customers, insurance company partners, and franchise owners.
PEAK6 uses technology to find a better way of doing things. The company’s first tech-based solution was developed in 1997 to optimize options trading and, over the past two decades, the same formula has been used across a range of industries, asset classes and business stages to consistently deliver superior results. Today, PEAK6 seeks transformational opportunities to provide capital and strategic support to entrepreneurs and forward-thinking businesses, helping to unlock potential and activate what is into what ought to be.
About We Insure
We Insure is a national insurance agency franchise that’s disrupting the industry with an innovative business model focused on customer experience and exceptional agent support. We Insure offers unprecedented access to carriers and complete operational, IT, service and marketing support to its franchise owners in the U.S. We Insure is expanding rapidly with numerous retail locations nationwide. For more information about franchise opportunities visit weinsurefranchise.com or for general information, visit weinsuregroup.com.
Media contact: Helen Grove, Vice President of Corporate Communications, PEAK6
Katie Curvel, Vice President of Marketing, We Insure