WASHINGTON, D.C. (August 31, 2022) – Finseca and NAILBA have officially merged and created NAILBA, a Finseca Community. On January 4, 2022, Finseca and NAILBA announced an intent to explore a merger after significant due diligence conducted by a joint task force that included NAILBA and Finseca members, staff, and leadership. The merger between NAILBA and Finseca results in stronger brokerage distribution and accelerated efforts to reunify the profession – ultimately moving the profession to a position of greater significance and bringing together four segments of the profession that are critical for a unified voice.
“We strongly believe that Finseca is the perfect partner for NAILBA,” said John Gilbert, Board Chair of NAILBA. “Having served the brokerage distribution community exceptionally well for over 40 years, we look forward to building on that success for our members and the entire profession through this merger.”
“This merger is exciting for so many reasons,” said Ed Deutschlander, Board Chair of Finseca. “Financial Security for All is more important than ever, and bringing together the leader of the independent brokerage market into Finseca will help us better serve both the brokerage community and the broader profession.”
“Since NALU was founded in 1890, the profession has a history of splintering apart into smaller groups that don’t have the business model or scale to drive this profession forward,” said Marc Cadin, CEO of Finseca. “Finseca has brought five groups together over the last three years that weren’t previously connected. And we are just getting started.”
“The merger between Finseca and NAILBA ensures an even stronger, collective voice for our profession,” said Dan LaBert, former CEO of NAILBA and currently Finseca’s President of Brokerage Division and EVP of Communities and Member Experience. ”The NAILBA team is thrilled to join this amazing organization, with this important vision and purpose, and incredibly strong team.”
Media Contact
Maggie Seidel – (c) 202-718-7774 | mseidel@finseca.org
About Finseca
At Finseca, we know that financial security improves people’s lives and protects their livelihoods and future wellbeing. We are rising to the challenge of increasing financial security for all. Finseca represents the men and women of the financial security profession who dedicate themselves to delivering financial security to their clients every day.
About NAILBA
The National Association of Independent Life Brokerage Agencies, better known across the insurance industry as NAILBA, is the trade association representing independent brokers and brokerage general agencies (BGA’s) committed to providing American consumers with various financial and retirement security products such as life and health insurance, annuities, and other supplemental benefits.
