Penn Mutual Invests in Modeling Software Company

The company has made a strategic investment in LEAP Systems, which makes software for financial advisors.

Horsham, Pa.-based Penn Mutual Life Insurance Company has made a strategic investment in Leap Systems of Bridgewater, N.J, a provider of financial modeling software for financial advisors.

"As an independent affiliate of Penn Mutual, Leap Systems will help to create additional value for our financial professionals and their clients. Leap's own business model and plans for the future will be enhanced for the benefit of their licensees and the industry as a whole," says Eileen McDonnell, Penn Mutual's president and CEO, in a statement.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio