Group 1001 is an American insurance collective and financial services holding company with headquarters in
Zionsville, Indiana
Zionsville is a suburban town located in the extreme southeast area of Boone County, Indiana, Boone County, Indiana, United States, northwest of Indianapolis. The population was 14,160 at the 2010 United States Census, 2010 census and 30,693 at t ...
. It is a subsidiary of
TWG Global
TWG Global Holdings, LLC is an American multinational conglomerate holding company with headquarters in Chicago and New York City. It was founded by Guggenheim Partners co-founder and CEO Mark Walter. Walter serves as the company's chief exe ...
.
History
The company was founded in 2013 by
Dan Towriss
Daniel J. Towriss (born 1972) is an American businessman who is the founder, chief executive officer and President of Group 1001, a privately held insurance collective and financial services firm, which is a subsidiary of TWG Global and affili ...
, its current
Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
. The company was originally founded as Delaware Life Holdings as an affiliate of
Guggenheim Partners
Guggenheim Partners, Inc is a global investment and advisory financial services firm that engages in investment banking, asset management, capital markets services, and insurance services. Guggenheim has c. 2,000 employees. The firm has offices ...
. On July 31, 2013, the company acquired Sun Life Insurance and Annuity Co. of New York.
In 2017, Delaware Life Holdings rebranded as Group 1001. Tony Marichal is the company's Vice President of Annuity Operations. The company has approximately $67 Billion assets under management.
In 2019, the company acquired Lackawanna Insurance Group and Community Care Insurance Company of Illinois. Later that year, the company also launched Gainbridge, its technology driven platform that allows for people to invest in an easier manner. In 2020, the company acquired RVI Group. In 2021, Guggenheim Life and Annuity Company was added as part of Group 1001 and, in 2022, was rebranded as Clear Spring Life and Annuity Company. In 2023, the company sold its subsidiary, the Delaware Life Insurance Company of New York, to Nassau Financial Group.
Subsidiaries and affiliates
* Clear Spring Health
* Clear Spring Life & Annuity Company
* Clear Spring Property & Casualty Group
* Delaware Life Insurance
* Gainbridge
* RVI Group
Ransomware attack class-action lawsuit
On February 9, 2023, the company sustained a ransomware attack. All of Group 1001's affiliated companies were effected by the attack, except for Gainbridge. The company's operations were restored by March 1, 2023.
As a result of the attack, a class-action suit was filed against the company. A $4,759,470 settlement fund was established to provide for Group 1001 customers who may have had their information stolen as a result of the ransomware attack. The fund would help pay the victims for any lost time or out-of-pocket losses stemming from the attack.
[{{Cite web , title=Group 1001 Data Breach Settlement: Claim Reimbursement, Cash, and Free Credit Monitoring , url=https://databreachlawsuit.org/class-action-lawsuits/class-action-privacy-data-and-tcpa/group-1001-data-breach-settlement , access-date=2025-06-01 , website=Group 1001 Data Breach Settlement: Claim Reimbursement, Cash, and Free Credit Monitoring , language=en]
References
Companies based in Indiana
Companies established in 2013
Financial services companies established in 2013