FORT MYERS, Fla.--(BUSINESS WIRE)--LTC Global, Inc. today announced that co-founder and Chief Operating Officer Mark Dinsmore is retiring from day-to-day operations.
Dinsmore, together with Chief Executive Officer Richard Pitbladdo, founded LTC Global in 2002 originally to provide consulting services to Long Term Care insurers. The business model evolved, and LTC Global became, and remains, the dominant provider of capital to the Long Term Care insurance distribution industry. Along the way, LTC Global acquired more than a dozen significant senior market insurance agencies, starting with ACSIA in 2003, which LTC Global purchased from Conseco Inc.’s bankruptcy estate. During Dinsmore’s tenure as Chief Operating Officer, LTC Global’s insurance distribution business grew to become a market leader.
“I couldn’t have picked a better partner than Mark to start this business with twelve years ago. His business acumen and financial insight have proven invaluable. He has worked very hard to help make LTC Global what it is today, and we all wish him a very comfortable and well-deserved retirement. We will do our best to build on his accomplishments,” said Pitbladdo.
“I want to thank everyone I have worked with, especially Richard, for a great experience and the opportunity to build such a unique and successful business,” said Dinsmore.
Dinsmore will remain a director of LTC Global and will continue to advise the company in that role.
About LTC Global
LTC Global is a leading independent marketer of insurance and financial products to seniors with emphasis on Long Term Care Insurance and Medicare Insurance products. In addition, LTC Global provides capital to insurance agents and agencies through commission-based lending and renewal commission purchases. LTC Global has a national distribution network and is headquartered in Fort Myers, Florida. For more information about LTC Global, visit www.ltcglobal.com.