Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Lighthouse Life, a subsidiary of LHL Strategies, has bought Clearlife Limited, a company based in Great Britain, and its American subsidiary Clearlife LLC.
The financial conditions of the acquisition were not announced.
Clearlife was founded in 2007 by Mark Venn and put together by Chris Stuart in 2008 and offers a platform for market participants for durability risk for value, commercial and life insurance products.
The primary software Clarinet is a web-based software-as-a-service platform (SAAS), on which operations manage and the decision-making process for guidelines and portfolios are supported.
Michael Freedman, CEO of Lighthouse Life, said: “The acquisition of Clearlife through lighthouse life growth promotes its growth as a technology leader and market broker for investors in the wealth of Longevity risk.
“We strive to build up the skills of clearlife and to expand them in new directions. The customers of the Lighthouse Life will also see significant advantages through the integration between the Lighthouse Life and Clearlife platforms.”
Clearlife also offers software and consulting services for asset managers and financial services companies in the areas of life insurance and duration risk.
Clearlife will expand its software and advisory services to reverse mortgages and structured settlements.
Lighthouse Life will work to offer products and services for consumers from life insurance products as well as insurance and financial advisors.
After the acquisition, Mark Venn and Chris Stuart will continue to act as managers and directors of Clearlife, and all Clearlife employees will be retained as part of the integration process.
Venn said: “We are happy to join Lighthouse Life. Lighthouse will help us serve new markets for investors, consumers and insurance experts for lifespan associated with durable.
“We also expect our core platform to build up significant improvements that will benefit all of our current customers.
“This is a win-win situation for Clearlife, for the life of the lighthouse and especially for our customers who benefit from our partnership to help you grow your own business.”
“Lighthouse Life buys Clearlife to increase the longevity risk of markets” was originally created and published by Life insurance internationala brand of globaldata.
In good belief, the information on this website was only included for general information purposes. It is not intended to enable advice on which you should rely on, and we do not give representation, guarantee or guarantee, whether expressly or implied in terms of its accuracy or completeness. You must receive professional or specialized advice before taking measures based on the content on our website or not.
