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An innovative public-private partnership is revitalizing Birmingham's historic Northside neighborhoods through the Protecting Good program, which offers up to $25,000 for home repairs and installation of storm-resistant roofs. This initiative, led by Protective Life Corporation, combines funding from the Alabama Department of Insurance's Strengthen Alabama Homes program and Birmingham's Community Development Block Grant. Over 65 homes have been retrofitted to the FORTIFIED standard, with plans for 100 more by 2023. The program aims to enhance community resilience against severe weather while fostering strong relationships with local organizations.
Concourse Financial Group, a division of Protective Life Corporation, has successfully recruited Key Group Management, Inc., a hybrid RIA practice managing over $500 million in client assets. This addition enhances Concourse's appeal to independent financial professionals. Key Group, led by Patrick Murray and Colin Heafy, operates in New Jersey, Massachusetts, and Arizona, specializing in holistic financial planning for high-net-worth clients. Concourse's infrastructure supports Key Group's growth, offering a balance of personalized service and increased resources.
YuLife, a tech-driven insurance company, has raised $120M in a Series C funding round led by Dai-ichi Life Holdings. This new capital brings YuLife's total funding to $206M since its inception in 2016. The funds will be used to expand into new global markets and enhance its product offerings, particularly in group life insurance, which has seen over 5x growth in Gross Written Premiums. YuLife's unique model engages customers through wellness activities, resulting in improved customer wellbeing and strong daily engagement.
Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), has launched a new brand identity emphasizing its commitment to customer protection. The rebranding showcases more than a century of service, aiming to amplify the company’s mission as a protector. With 41% customer growth and a 48% revenue increase in the past three years, Protective has demonstrated solid financial stability. The revamped branding is expected to strengthen connections with customers and partners, setting the stage for continued growth and innovation.
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