Insurtech company, Quility, has received a significant investment from F&G Annuities & Life, Inc. (“F&G”) for a minority stake in Quility.
F&G is a provider of insurance solutions, the company serves retail annuity and life insurance customers and institutional clients.
Brandon Ellison, Co-founder and CEO of Quility, commented, “F&G’s investment will expedite the innovative technology that has become synonymous with the Quility brand.
“This is a meaningful step in our mission to transform the way life insurance is bought and sold.”
The investment is targeted at accelerating the deployment of Quility’s advanced technology, automation, and lead platforms, removing barriers to make life insurance more accessible for agents and clients.
This investment will also enable Quility to further expand its sales channels through its Symmetry Financial Group, Quility B2B (including wholesale and affinity), and direct-to-consumer (DTC) distribution networks.
Chris Blunt, CEO of F&G Annuities & Life, Inc, commented, “F&G’s investment in Quility aligns with our own diversified tech-enabled strategy while providing Quility the capacity to drive growth and secure its position as a leading insurtech company.
“We are excited to partner with Quility as they embark on developing an innovative operating platform built with Generative AI capabilities to enhance and simplify the end-to-end insurance policy experience for agents and customers.”
Broadhaven Capital acted as the exclusive financial advisor to Quility through this transaction with Norton Rose Fulbright acting as Quility’s legal counsel.
