One80 Intermediaries acquires life insurance broker Marcus Insurance Agency
One80 Intermediaries, a wholesale insurance broker and program manager, has acquired The Marcus Insurance Agency, a US-based life insurance broker, for an undisclosed price.
Marcus Insurance Agency, which has offices in Boston and Philadelphia, was founded in 1960. The life insurance broker is headed by Principals Todd Landau, Michelle Landau, and President Eric Marcus.
Marcus Insurance Agency is said to be a specialist in ‘impaired risk’ life insurance for customers having medical concerns, estate planning, business continuity planning, and also financial underwriting.
The company’s customer base includes insurance agents, property and casualty agencies, brokers, benefit planners, financial planners, and accountants.
Matthew F. Power – President of One80 Intermediaries said: “At One80 Intermediaries we excel in highly specialized, niche areas of the insurance industry. With the acquisition of The Marcus Agency, we are gaining market-leading access and expertise designed to serve impaired risk clients.
“I was truly impressed with the expansive resources offered by The Marcus Agency, created to meet the needs of their clients.”
Marcus Insurance Agency offers specialized products such as universal life, whole life, term insurance, fixed annuities, disability income, survivorship life, linked benefits products, and long-term care insurance.
Eric Marcus – President at Marcus Insurance Agency said: “The leadership team has over 100 years of combined industry experience, and we have developed and preserved exceptional relationships with our clients.
“We felt One80 was a strong cultural fit with our agency given the personalized service they offer, their focus on the customer experience, and their innovative approach to meeting rapidly evolving needs across our industry.”