What BAC Financial does

BAC Financial Services is a privately held international insurance brokerage headquartered in Miami, Florida, founded approximately 35 years ago and operating as the insurance distribution arm of Grupo Pellas, a Nicaraguan diversified financial conglomerate with $1.2 billion in annual revenue, 20,000+ employees, and roots dating to 1875. The company serves the Latin American market through a network of offices in Miami, Managua, Panama City, and Guatemala City, distributing insurance and investment products across more than 23 countries including Mexico, Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Colombia, Ecuador, Venezuela, Peru, Brazil, Argentina, and Chile.

The company's product portfolio is organized around three pillars: health insurance (Redbridge health plans with coverage limits of $50,000 to $7 million), life insurance (American Fidelity universal life, the S&P 500-linked Indexa Pro IUL, term life up to $5 million, and critical illness coverage up to $500,000), and investment solutions (Investors Trust international funds and the open-architecture Access Portfolio with 3-10 year terms). Additional offerings include travel insurance, expatriate coverage, and personal accident plans. Rather than underwriting proprietary policies, BAC Financial operates as a broker/MGA distributing third-party carrier products from American Fidelity (partner since 1996), Redbridge (partner since 1998), Investors Trust, Hiscox, AON, AIG, and Allianz Partners.

BAC Financial monetizes through carrier commissions and agent program-related fees, and goes to market primarily through the Partners for Life agent program, which recruits, trains, and supports independent insurance agents across LATAM via the BAC Learning e-learning platform, weekly webinars (three per week covering health, life, and investment topics), a content marketing blog, and social channels. The customer base spans individual international clients (expatriates, frequent travelers, affluent savers), mid-market insurance agents and brokers seeking international product access, and enterprise corporate clients purchasing group benefits for globally mobile workforces.

Name

BAC Financial

Legal name

BAC Financial Services

Website

https://bacfinancial.biz

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

BAC Financial is a privately held international insurance brokerage headquartered in Miami that distributes health, life, and investment products from carriers including American Fidelity, Redbridge, and Investors Trust to insurance agents and individual clients across 23+ Latin American countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Brokerage Commissions: BAC Financial earns commissions from insurance companies for placing policies with international clients. As a broker/MGA, the company receives commission payments from carrier partners including American Fidelity, Redbridge, and Investors Trust.
2. Agent Program Fees: Revenue generated through the Partners for Life agent recruitment and training program, providing ongoing education and support services to insurance agents across LATAM.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

BAC Financial is an international insurance brokerage that distributes life, health, critical illness, travel, expatriate, and investment products to individuals, expatriates, and corporate clients across 23+ Latin American countries. Products are sourced from leading international carriers including American Fidelity, Redbridge, and Investors Trust, and placed through the company's Partners for Life agent network, supported by BAC Learning e-learning and a quote-based sales model.

Product overview

BAC Financial is an international insurance brokerage operating as part of Grupo Pellas with over 30 years of experience serving the Latin American market across more than 23 countries. The company offers a multi-product portfolio organized around three core pillars: Health Insurance (Redbridge health plans with coverage from $50K to $7M), Life Insurance (American Fidelity universal life, indexed universal life Indexa Pro IUL, term life, and critical illness coverage), and Investment Solutions (Investors Trust international funds, Access Portfolio with open-architecture investment options). Additional products include travel insurance, expatriate insurance, and personal accident coverage. The company distributes through the Partners for Life agent program, providing training and support via the BAC Learning platform. The product architecture is structured as a broker distribution model offering partner insurance company products rather than proprietary insurance products.

Differentiator

Problem solved

Functional benefit

Brands

• Partners for Life: BAC Financial's elite insurance agent/broker program that develops long-term business relationships with international insurance professionals, offering continuous training, service, and support.

Products and services

• Redbridge Health Plans International health insurance plans offering medical coverage with limits ranging from $50,000 to $7 million, including health, life, travel, and personal accident coverage with global provider networks across Latin America and the United States. Distributed by BAC Financial as the largest Redbridge producer in the LATAM market.
• American Fidelity Universal Life Insurance Universal life insurance products including universal life, indexed universal life (Indexa Pro IUL), and term life insurance offering protection and savings components with flexible premiums and coverage up to $500,000 for individuals in LATAM markets.
• American Fidelity Critical Illness Insurance Critical illness coverage providing a stipulated benefit amount upon diagnosis of a serious illness or physical condition as defined in the policy, with coverage up to $500,000 for individuals across Latin America.
• Investors Trust International Investment Funds International investment funds providing flexible financial solutions designed for clients with diverse profiles and financial goals, with global presence in over 100 countries, distributed by BAC Financial.
• Redbridge Term Life (Essential Term) Term life insurance providing benefit limits from $25,000 to $5,000,000 with guaranteed premiums during the plan term, available in 10, 15, 20, and 30-year terms for individuals aged 18-64 across Latin America.
• Redbridge Personal Accident Plan Accident indemnity plan providing benefits in case of serious accident, including basic life insurance, travel assistance up to $10,000, and funeral assistance up to $2,500 for clients in Latin America.
• Travel Insurance Travel insurance providing emergency medical assistance and coverage for unforeseen events during international travel, including annual trip plans and single-trip plans for Latin American clients.
• Expatriate Insurance Insurance coverage designed for expatriates living abroad, providing protection and health services for international residents based in or originating from Latin America.
• Partners for Life Agent Program A comprehensive agent partnership program providing training, continuous education through BAC Learning, marketing support, service tools, and access to the full product portfolio for insurance brokers and agents across 23+ Latin American countries.
• Access Portfolio Flexible and diversified investment portfolio with open-architecture platform providing access to stocks, ETFs, bonds, mutual funds, and structured notes, with terms of 3-10 years and partial withdrawal capabilities for LATAM clients.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Redbridge Insurance Company Ltd.coreChannel Partner/ Reseller/ Distributor · 1 January 1998BAC Financial has partnered with Redbridge since 1998 and is currently their largest producer for the LATAM market. Redbridge specializes in international health insurance with 25+ years of industry experience. Rated B++ by AM Best for financial strength. Offers health plans, life plans, and personal accident coverage.
• American Fidelity Assurance CompanycoreChannel Partner/ Reseller/ Distributor · 1 January 1996BAC Financial has partnered with American Fidelity since 1996 and is currently their largest provider for the LATAM market. American Fidelity Assurance Company is one of the largest family-owned private insurers in the US life and health sector, licensed in 49 states. They offer universal life, term life, and critical illness insurance products. Rated A+ by AM Best since 1982.
• Investors TrustcoreChannel Partner/ Reseller/ DistributorInvestors Trust was selected as BAC Financial's investment partner due to its market-leading position. Offers flexible international investment solutions with presence in 100+ countries. Rated A- (Excellent) by AM Best. Known for the broadest and most flexible menu of investment products in the market.
• HiscoxminorChannel Partner/ Reseller/ DistributorInternational insurance company offering specialized coverage products through BAC Financial's distribution network.
• AONminorChannel Partner/ Reseller/ DistributorGlobal professional services firm providing insurance and risk management solutions through BAC Financial's LATAM network.
• AIGminorChannel Partner/ Reseller/ DistributorAmerican multinational insurance corporation offering insurance products through BAC Financial's distribution network.
• Allianz PartnersminorChannel Partner/ Reseller/ DistributorGlobal insurance and assistance services company offering international coverage through BAC Financial's LATAM network.
• Griffin Underwriting ServicesminorChannel Partner/ Reseller/ DistributorUnderwriting services provider operating as part of BAC Financial's carrier partner ecosystem.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Insubuy: Online-focused insurance marketplace for international students, immigrants, and visitors seeking health and travel coverage. Comparable customer base (international/LATAM-origin clients) and product set, though its model leans more digital/transactional versus BAC's relationship-led agent model.

Direct peers

• GeoBlue (formerly HTH Worldwide): Provider of international travel health insurance and long-term expatriate medical coverage, often distributed through brokers. Comparable to BAC's Redbridge health plans and expatriate coverage in product design and globally mobile customer segment.
• International Medical Group (IMG): Underwrites and distributes international health, life, and travel insurance products for expatriates, travelers, and international students. Highly comparable in product portfolio (international health, life, travel) and reliance on international broker distribution channels.
• Now Health International: International health insurance provider for individuals, families, and SMEs across multiple regions. Comparable in cross-border health insurance design and reliance on broker/intermediary distribution to reach LATAM and other emerging-market clients.
• Clements Worldwide: Internationally focused insurance broker distributing life, health, auto, and personal-property coverage to expatriates, missionaries, NGOs, and globally mobile individuals. Directly comparable to BAC's expatriate and international client focus, and similar broker-distribution model with multiple carrier partners.
• International Citizens Insurance: Specialist broker of international health, life, and travel insurance for expatriates, global nomads, and immigrants. Closely comparable to BAC in product mix (international health + life + travel), customer profile (international/LATAM-adjacent clients), and broker-only distribution model.

Broad incumbents

• Allianz Care: International health and life insurance arm of Allianz, serving expatriates, students, and globally mobile individuals worldwide. Comparable international health/life product set; one of BAC's named carrier partners (Allianz Partners), so the relationship runs both as supplier and competitor in the broker-distributed channel.
• Aetna International: International health and benefits provider for expatriates and globally mobile employees, distributed both direct and through intermediaries. Comparable to BAC in serving internationally mobile populations across multiple regions with health and group benefits products.
• Cigna Global: Global health insurer offering international private medical insurance to expatriates and globally mobile employees through both direct and broker channels. Overlaps with BAC's Redbridge/American Fidelity health and life distribution, but operates as a carrier at much greater scale rather than as a regional broker.
• Bupa Global: International health insurance provider covering expatriates and globally mobile individuals in multiple regions. Overlaps directly with BAC's international health product mix and is often distributed through brokers; operates at carrier scale versus BAC's broker scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bacfinancial
• Instagraminstagram.com/partnersforlife_bac
• Xx.com/bacfinancial
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BAC Financial