Highland Capital to Team With Libra Insurance Partners

By Allison Bell

News September 07, 2023 at 04:46 PM

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A big life insurance and annuity distributor is getting closer to a big, independent insurance marketing organization.

Highland Capital Brokerage, the distributor, has formed an alliance with Libra Insurance Partners, the IMO, Libra announced recently.

"Highland Capital Brokerage is a formidable organization, and we are excited they have selected Libra as their strategic partner," Bill Shelow, Libra's CEO, said in a comment about the new relationship.

Libra is a Baltimore-based company that was formed by the 2019 combination of LifeMark Partners and Bramco Financial Resources.

Libra offers agents and brokers support services, including an enterprise-level membership with Finseca; help with handling large and complicated cases; access to the Swiss Re and Hannover Re underwriting guides; and access to a special Reinsurance Group of America facultative reinsurance program for clients with health concerns or other underwriting concerns.

Highland Capital is a Birmingham, Alabama-based company that's part of Osaic.

Teague Wright, who was the firm's chief operating officer, rejoined the firm as its president in May, after leaving for stints as head of life insurance at JPMorgan Chase and as a senior vice president for firm development at Lion Street.

Libra CEO Bill Shelow. Credit: Libra

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