Chicago-based life and annuity company Kuvare establishes Des Moines office
May 3, 2022 by Joe Gardyasz
Kuvare US Holdings, a Chicago-based annuity and life insurance company with operations in Cedar Rapids, last week opened a Des Moines office and plans to staff the new location with about 50 insurance professionals within the next three years.
Kuvare, (rhymes with “O’Hare) was founded in 2015 by Dhiren Jhaveri, a former Sammons Financial Group executive who saw a financial need among middle-market Americans — those earning approximately $50,000 to $250,000 annually.
“What we are doing is building a technology-enabled financial services business that is providing for the unmet needs of the middle market,“ Jhaveri told the Business Record. “The big driving force for this is there are 70-75 million Americans at or near their retirement years, and the vast majority — 90% — do not have a financial plan that solves their retirement.”