Group 1001 Insurance Appoints Derek Towriss as President of Gainbridge Insurance Agency, LLC

ZIONSVILLE, Ind.--(BUSINESS WIRE)--Group 1001 Insurance, a leading financial services company, today announced the appointment of Derek Towriss as President of Gainbridge Insurance Agency, LLC. Towriss has extensive experience in financial services, process improvement, and implementing forward-thinking strategies that align with the company’s growth plans.

“Derek’s proven track record of leadership and deep understanding of our annuity products and systems will guide Gainbridge to the next level of success,” said Linda Wang, president of the Group 1001 Life & Annuity business unit. “His career reflects a consistent ability to approach challenges with innovation and guide teams to achieve results.”

Towriss joined Delaware Life Insurance Company, a Group 1001 company, 10 years ago as an actuary, progressing through the valuation, hedging, and pricing disciplines while earning his FSA (Fellow of the Society of Actuaries) designation. He founded and built Group 1001’s administration system, which now powers all new business at Delaware Life and Gainbridge.

“I’m honored to serve in this role and lead Gainbridge,” said Towriss. “I look forward to working closely with our talented teams to build on our strong foundation, drive innovation, and create lasting value for our customers and stakeholders.”

Towriss has a Bachelor of Science in Business Administration-Economics from the University of Florida and is a Fellow of the Society of Actuaries (FSA) and a Certified Enterprise Risk Actuary (CERA).

About Group 1001

Group 1001 Insurance Holdings, LLC (“Group 1001 Insurance” or “Group 1001”) is a collective that empowers companies to create positive growth. Our insurance and annuities are easy to understand and accessible to all. Our online investing platform gives individuals control over their savings. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports.

As of June 30, 2025, Group 1001 had more than 1,500 employees and combined assets under management of approximately $72.9 billion and currently provides over 493,000 active annuity contracts and life insurance policies. It comprises the following brands: Delaware Life, Gainbridge^®, Clear Spring Life and Annuity Company, Clear Spring Property and Casualty Group, Clear Spring Health, and the RVI Group, among others.

About Gainbridge^®

Founded in 2018, Gainbridge Insurance Agency, LLC (“Gainbridge^®”) is an insurtech subsidiary of Group 1001 that empowers consumers to take control of their financial future with solutions that are accessible to everyone, no matter their budget or financial knowledge. Its platform provides access to financial products that are simple, intuitive, and backed by smart technology with no complexity or hidden fees. Gainbridge^® is headquartered in Zionsville, Indiana. For more information, visit www.gainbridge.com.