Mar 29, 2022
In a bold step to create lasting and meaningful change in women’s sports, Group 1001 will become a majority stakeholder in Parity, a startup created for both elite women athletes and their fans to combat gender pay inequities in professional sports.
As part of the acquisition, Parity will have substantially increased funding to pursue brand partners and support elite women athletes on a larger scale. Group 1001 Life and Annuity CFO Linda Wang will join the Parity board.
“We’re excited to have Parity join the Group 1001 enterprise. Part of our mission is to transform communities through sports and education and those values align with Parity, a groundbreaking platform created to close the gender pay gap in sports sponsorship income,’’ said Group 1001 Life and Annuity CFO Linda Wang.
The minority-founded company currently focuses on two major lines of business: an influencer marketing platform using proprietary analytics and a newly-debuted NFT marketplace. Parity has amassed a roster of more than 700 elite women athletes and 20 corporate partners in its first full year of business.
This acquisition directly addresses the staggering gender pay disparity in athlete endorsement pay. In recent years, women have received 0.4% of the global $66 billion sports sponsorship revenue share, or, less than half of one cent for every $100 that a male athlete is paid, although data proves that women’s sports fans are a crucially-untapped target consumer audience. A rise in both TV coverage and in viewership of women’s sports is signaling predictions for a radically-profitable turn in the near future, and the industry is expected to generate nearly $90 billion by 2027.
“Joining the Group 1001 enterprise and welcoming Linda Wang to the board will allow Parity to make a greater positive impact in women’s sports sponsorships.” said former Parity Co-CEO and Group 1001 Insurance Chief Marketing Officer Bill Shelton. “We are thrilled to integrate the talented Parity athletes into Group 1001’s ongoing efforts to engage with clients, prospective clients, employees, and communities through the power of sports.”
The commitment also includes working to bring in more women, specifically women leaders, across the Group 1001 enterprise. Parity athletes will have the opportunity to authentically engage with Group 1001 partnership campaigns.
Parity’s athlete roster currently includes 4x Olympian Kara Winger, Olympic medalist Michelle Carter, NCAA basketball star Sedona Prince, and many more. In addition to creating revenue opportunities, Parity offers 1:1 career coaching, personal branding workshops, and other professional development opportunities.
Parity is a startup created to unapologetically work toward closing the gender pay gap in sports, benefitting both elite women athletes and their fans. Founded by former leaders on Wall Street, Parity drives revenue to athletes by using proprietary data analytics to curate sponsorship opportunities, NFT sales, and more. With a current roster of more than 700 athletes from 40 sports and 20+ corporate partners, Parity is revolutionizing the financial model for women athletes. To learn more, visit www.paritynow.co and our NFT marketplace www.market.paritynow.co.
Sep 27, 2023
Zionsville, IN (September 28, 2023) – Delaware Life, a Group 1001 company, today announced the appointment of Colin Lake as President and CEO of Delaware Life Marketing. Lake brings more than 26 years of experience to the role with a track record of leading sales teams toward sustainable, exponential growth. Tom Seitz,...
Sep 26, 2023
Mylo Embeds Access to its Home and Auto Insurance Solutions on the Gainbridge® Platform
ZIONSVILLE, IN (September 26, 2023) – Insurtech leaders Mylo and Gainbridge® today announced the launch of Gainbridge® Protect, which will embed Mylo’s guided auto and home insurance shopping experience into the Gainbridge® platform...
Sep 7, 2023
The Indy Women in Tech (IWiT) Summit took place Wednesday, August 30 in Indianapolis. Twenty-two employees from Group 1001 (including volunteers) attended the Summit, thanks to complimentary tickets from IWiT. More than 190 attendees in total enjoyed the session. The Summit was part of Rally, a three-day global innovat...
Sep 1, 2023
Zionsville, IN (September 1, 2023) - Gainbridge®, a Group 1001 company, announced that Minji Ro has joined the company as Chief Strategy Officer for the life and annuity businesses. Ro has extensive experience in financial services, process improvement, and implementing forward-thinking strategies that align with the c...
Aug 31, 2023
The Delaware Life Accelerator Prime® Variable Annuity (the APVA) has been named Best Annuities: Guaranteed Income with Some Flexibility, Liquidity, and Growth Potential by Barron’s. The list includes “annuities with the most competitive payouts or guarantees, all offered by insurers with top credit ratings.”
Aug 21, 2023
“Start where you are. Use what you have. Do what you can.” – Arthur Ashe, Former Pro Tennis Player
This quote describes the recent volunteer activity undertaken in Waltham as employees donated supplies, assembled and filled backpacks, loaded trucks, and delivered 255 fully-stocked backpacks to families in need with el...
Aug 17, 2023
Gu Xie, Head of Data Engineering for Group 1001, is already making huge waves as he approaches one year on the job, leading the transformation of the organization to become data-centric. Gu built an innovative platform from the ground up, focused on new capabilities and data to enable analytic outcomes and empower team...
Jul 28, 2023
Group 1001, Inc. would like to provide an update to our stakeholders concerning the February 9, 2023, ransomware attack on our information technology infrastructure.
As previously reported, we immediately launched an investigation to determine the full scope of the incident, and a team of leading third-party forensic e...
Jul 27, 2023
We are excited to work with 11 summer interns! Group 1001’s internships are designed to provide a highly engaging, real-life experience where students have the opportunity to work on real projects, make an impact, and gain valuable business skills.
“Group 1001 is committed to providing interns the opportunity to provide...
Jul 12, 2023
Delaware Life Insurance Company, a Group 1001 Company, has been recognized as a top-performing company in the insurance industry by Ward, an Aon company, who is a leading benchmarking provider for the insurance industry. This prestigious group of 50 companies is chosen based on publicly available data to identify the t...
Jun 28, 2023
Group 1001 received an HR Impact Award presented by the Indianapolis Business Journal! The company was recognized in the “employee experience” category, which acknowledges programs and efforts that make an organization a better place to work, whether that’s through strong benefits programs, work/life balance efforts, c...
Jun 21, 2023
Zionsville, IN (June 21, 2023) – Gainbridge®, a Group 1001 company, announced the appointment of Adam Harrington to the position of Vice President of Marketing. With more than 13 years of experience leading customer growth and helping companies elevate their marketing, Harrington will use his extensive background to le...
Jun 14, 2023
CEO and President Dan Towriss spoke at the Marketing Innovation Summit: Driving Brand Purpose, hosted by Eli Lilly and Company on May 25. Towriss presented “Why Motorsports” just prior to the Indy500 race presented by Gainbridge®. The summit featured thought leaders in the industry from companies including PepsiCo, Dom...
Jun 2, 2023
Santiago Vinoth Jeyaseelan is the VP of Product Management & Design for Gainbridge®. As a Forbes Technology Council member, he talks about the rapidly-evolving state of financial services. Jeyaseelan expands on the rise of embedded finance, the next wave, challenges ahead, and how embedded finance is “reshaping the...
Jun 1, 2023
Zionsville, Indiana (June 1, 2023) – Zionsville, Indiana – Gainbridge Insurance Agency, LLC (“Gainbridge”), a Group 1001 company, is pleased to announce the launch of OneUp™, a new registered index-linked annuity issued by Gainbridge Life Insurance Company through the Gainbridge® platform. The OneUp™ product is current...
May 25, 2023
Delaware Life’s Chief Legal Officer, Mike Bloom, and Vice President and Associate General Counsel, Maura Murphy, attended the Association of Life Insurance Counsel’s 2023 Annual Meeting in California on May 7-9. Their participation at the conference exemplified Delaware Life’s commitment to staying ahead of the curve, ...
May 25, 2023
Zionsville, IN (May 25, 2023) – Gainbridge Insurance Agency, LLC (“Gainbridge”), a Group 1001 company, announced today the upcoming launch of its business-to-business (B2B) “insurance-as-a-service” platform targeting leading financial technology companies with turnkey, intuitive savings, and retirement solutions for th...
May 18, 2023
A seasoned executive and three-time CMO of high-growth companies joins to lead Parity through its next phase.
Parity, and its parent company Group 1001, announced the hiring of Leela Srinivasan as its chief executive officer. Srinivasan, an experienced executive whose 25-year career has spanned roles in marketing, sale...
Mar 2, 2023
AM Best has commented that the Credit Ratings (ratings) of certain Group 1001 Insurance Holdings, LLC’s rated subsidiaries remain unchanged following the parent company’s disclosure that it sustained a cybersecurity attack that caused a network disruption and impacted certain systems.
According to the company, the follo...
Mar 1, 2023
Group 1001, Inc. would like to provide an update to our stakeholders concerning recent system interruptions experienced by certain Group 1001 Insurance member companies, including Delaware Life Insurance Company, Delaware Life Insurance Company of New York, Clear Spring Life and Annuity Company, Clear Spring Property a...
Nov 4, 2022
Delaware Life, a Group 1001 company, has been recognized in a recent Barron’s article, “The Best Annuities for Income and Growth.” Noting that sales of these investment products have surged this year, the article highlights Delaware Life’s Growth Pathway®Fixed Index Annuity and Apex MYGA®Fixed Annuity as standouts in t...