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Stock impact report

ABL Tech, a subsidiary of Abacus Life, Announces a Preferred Equity Investment in Insured Connect [Yahoo! Finance]

Abacus Life, Inc. - Class A (ABL) 
Company Research Source: Yahoo! Finance
organizations manage and reconcile mortality data, and a subsidiary of Abacus Life, Inc. (“Abacus”) (NASDAQ: ABL), today announced it is providing a preferred equity investment to Insured Connect, an insurance data and technology platform that connects carriers, distributors and agents. This investment will enable Insured Connect to meet the growing demand for its innovative data & technology, while solidifying Abacus's growth in innovative technology related to longevity and distribution of new insurance products. “I'm excited to further strengthen Abacus' dedication to data-driven innovation in the life insurance sector,” said Jay Jackson, Chairman and CEO of Abacus Life. “Insured Connect's technology will bridge the gap between life insurance distribution, carriers, and policyholders, fostering better communication, improved access to information, and driving new policy sales.” “We're thrilled to partner with ABL Tech in this investment,” said Rick Hyde, President of Insured Co Show less Read more
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