NBA Hall of Famer Isiah Thomas’s investment firm ISIAH International will soon expand its operations’ reach with the addition of global insurance brokers and employee benefits.
The company's entrance into the employee insurance and benefits marketplace derives from a set of partnerships with HUB International, a full-service global insurance broker, and Forest Capital Management, financial advisors to institutional retirement plans and their sponsors. The new venture, to be called ISIAH Insurance, will offer assistance to businesses within the jurisdictions of insurance and risk, employee benefits, and retirement and private wealth, Forest Capital Management said in a release.
“I’ve experienced firsthand the challenges that businesses face in securing insurance and benefits for their companies and employees,” ISIAH International Chairman and CEO, Isiah Thomas, said in the release from Forest Capital Management. “We have formed ISIAH Insurance with the goal of addressing that need. I am excited to be in partnership with the HUB International and Forest Capital Management teams. Their products and customer service are world class and allow us to provide the feel of a local business with the support of a national provider.”
Thomas, a former NBA point guard popularly known as one of the "50 Greatest Players in NBA History" and a member of the Naismith Memorial Basketball Hall of Fame, will serve as CEO of ISIAH Insurance.
“Forest Capital Management is excited to partner with Isiah and his team in expanding our services across the U.S.,” Forest Capital Management President and Managing Partner Brian Jessen said in the release. “We look forward to the complementary nature of the value that Isiah and his team can provide and feel this is the beginning of a long-standing partnership.”
ISIAH Insurance is projected to leverage its sports business experience and expand into other industries, the press release states.
“The vision that Isiah has to become the largest minority-owned insurance broker in the world is something we take a lot of pride in being a part of, and we look forward to partnering with Isiah and his team to make this happen,” Area President of HUB International Nick Gialamas said in the release.