New entity will deliver member companies enhanced resources and solutions and new opportunities for growth and expansion
PAOLI, Penn. and CLEARWATER, Fla. – October 17, 2022 – AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities and retirement planning solutions, announced today that it has entered into a joint venture with AIMCOR Group LLC (“AIMCOR”) to launch AIMCOR Consolidated, LLC (d/b/a ICON). Per the agreement, terms of the deal were not disclosed.
ICON will focus on creating strategic partnerships under a centralized infrastructure with access to AmeriLife’s best-in-class shared services, diverse product portfolio, and vast, proprietary distribution opportunities. Additionally, ICON will provide AmeriLife access to a fully underwritten life platform that will further expand the company’s offerings and help deliver on a growing strategic priority.
“As we continue to invest in our industry-leading distribution, it’s important that we find creative ways – and the right partners – to help accelerate and sustain our growth ambitions,” said Scott R. Perry, chairman and CEO of AmeriLife. “We’re excited to join forces with AIMCOR in this venture and, together, deliver on our shared legacies of excellence and business transformation for member companies.”
“The launch of ICON is not only a big moment for AmeriLife and AIMCOR, but a big win for the distribution industry,” added Mike Vietri, Chief Distribution Officer for AmeriLife. “Our unique collaboration will fuel the success of a new generation of companies by fortifying a platform of holistic health, life and retirement solutions that their agents and advisors will never outgrow – and ensuring their clients never outgrow them.”
“During the last decade, AIMCOR has had a clear and steadfast vision about how it wanted to expand and evolve its business model,” said John C. Ziambras, president and CEO of AIMCOR Group. “Our partnership with AmeriLife not only enables us to execute on one of our core strategic objectives of facilitating succession planning and business continuation, but also adds a unique differentiator to our value proposition by bringing significant top- and bottom-line growth opportunities to our member firms.”
Marc R. Verbos, executive vice president for AIMCOR Group, will serve as president of ICON and manage the day-to-day operations of the new entity. Added Verbos: “The creation of ICON, under our aligned distribution channel, allows us to take AIMCOR’s three core drivers – organic growth, distribution expansion and business transformation – to the next level by adding access to AmeriLife’s investment capital, ancillary product lines and expanded distribution opportunities, all in a shared ownership structure that will greatly benefit existing and future members and the broader industry.”