This week, we are reading an update about Simplicity Financial Marketing’s acquisition of InsurMark and news regarding Walmart’s early discussions to acquire Humana.
Simplicity Financial Marketing Acquires InsurMark | InsuranceNewsNet | April 3, 2018
Simplicity Financial Marketing Group Holdings, Inc. (Simplicity) announced today that it has acquired InsurMark, a leading Advisor Development Organization and one of the longest-standing, most successful insurance distribution companies in the country, and that it is pleased to welcome InsurMark’s founder Steve Kerns as a new partner.
InsurMark is based in Houston, Texas, and was founded by Mr. Kerns in 1983. InsurMark specializes in the distribution of financial products, focusing on fixed indexed annuities and life insurance products. InsurMark is now among the top-tier of the insurance marketing organizations, with independent advisors in all 50 states.
Read the press release on InsuranceNewsNet.com here.
Walmart reportedly in early talks to acquire Humana | HealthcareDive | April 2, 2018
Humana has gone big with the senior market as the second biggest provider of Medicare Advantage plans. The Louisville, Ky.-based insurer has 3.5 million MA enrollees and 4.9 million in Part D drug plans.
Walmart is the biggest private employer in the U.S. with 1.5 million employees and more than 5,000 stores. The company has 2.3 million employees globally and had $485.9 billion in total revenue last fiscal year.
The emergence of the potential Walmart-Humana deal comes on the heels of several other mega-mergers in the offing. CVS Health and Aetna are working through a $69 billion merger the companies expect to close by the second half of this year.
Cigna is in the process of a $67 billion deal to acquire Express Scripts by the end of the year.