Futurity First Financial Corp. of Hartford, Conn., has started Futurity First Insurance Group Inc.
Aquiline Capital Partners LLC, a New York private-equity firm, will invest up to $100 million to fund the growth and development of the insurance unit, which will offer life and health insurance and annuity products to middle-income families and small businesses.
The product suppliers will include AIG American General, Genworth Financial, and Lincoln Financial Group.
Futurity First Insurance will distribute its products through career agents. It plans to establish 150 offices with more than 3,000 agents by 2013.
