Group 1001 Names Derek Towriss President of Gainbridge Insurance Agency
Group 1001 Insurance has appointed Derek Towriss as President of Gainbridge Insurance Agency, LLC, marking a significant leadership update within the company. Towriss brings a decade of experience at Delaware Life Insurance Company, a Group 1001 subsidiary, with a strong background in actuarial science, valuation, hedging, and pricing, augmented by his FSA and CERA designations. He has played a key role in developing Group 1001's administration system, which supports new business operations at both Delaware Life and Gainbridge.
His appointment aligns with Gainbridge's strategic growth ambitions, emphasizing innovation and process improvement in the life and annuities sector. Gainbridge, established in 2018, operates as an insurtech subsidiary delivering accessible financial products through a technology-driven platform aimed at simplifying consumer access to annuities and insurance. Positioned in Zionsville, Indiana, the company targets broader market inclusion regardless of consumer financial knowledge or budget.
Group 1001 Insurance Holdings oversees a portfolio of insurance and annuity brands, including Delaware Life, Gainbridge, Clear Spring Life and Annuity Company, and others. As of mid-2025, Group 1001 manages approximately $72.9 billion in assets and services nearly half a million active annuity and life insurance contracts. The group's integrated approach combines technology innovation, strategic partnerships, and educational initiatives to support industry growth and customer engagement.
This leadership change at Gainbridge reflects Group 1001’s continued investment in insurtech and customer-centric financial solutions, aimed at enhancing operational effectiveness and market reach. Towriss’s expertise in actuarial disciplines and systems development positions Gainbridge to leverage data-driven strategies in product development and customer service enhancements. The announcement underscores the ongoing evolution of distribution channels and technology integration within the life insurance and annuity markets.