Transactions
Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
True Benefit has been Acquired by AmWINS Group
True Benefit, a leading employee benefits program manager in the PEO space, has been acquired by AmWINS Group, one of the largest wholesale brokers in the US.
Founded in 2000, True Benefit is the exclusive employee benefits (health, dental, vision) program manager in ~12 states along the East Coast for ADP TotalSource (“ADPTS”), the largest PEO in the US. The Company underwrites, manages and administers ADPTS’ employee benefits business for more than 4,700 companies and 180,000 worksite employees, and has underwriting authority for leading carriers, such as Anthem, Aetna, UnitedHealthcare, Harvard Pilgrim and Tufts.
True Benefit will gain the infrastructure and scale of a national platform, as well as the ability to leverage AmWINS’ marketing, actuarial, technology and analytics capabilities. AmWINS recognizes significant value in True Benefit’s specialty benefits underwriting expertise, long-term strategy and strong partnership with ADP.