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Ensurem enters $100 million credit facility with DZ Bank
By William Gullotti
Buffalo, N.Y., March 8 – Ensurem, LLC announced it signed a $100 million credit facility with DZ Bank, according to a press release on Tuesday.
The new facility follows the company’s acquisition by Miami-based 777 Partners in 2021.
According to the release, proceeds from facility borrowings will be used to promote initiatives aimed at meeting senior health care needs and to onboard more agents to satisfy the increased demand. The company plans to double its agent headcount.
Further details regarding the terms of the facility were not disclosed.
2015-founded 777 Partners owns a diversified portfolio of insurance carriers, technology companies, and distributors across the life, health and property & casualty verticals. Ensurem represents its second investment in the Medicare market.
Ensurem is an insurance technology and distribution company based in Largo, Fla.
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