Breathe Life, a new business hybrid life insurance distribution platform provider, is now owned by SE2, an Eldridge business. The acquisition was announced in a press release on March 28.

Montreal-based Breathe Life has been providing cloud-based solutions to insurers looking to improve their customers’ and advisors buying experience since its inception in 2018. The insurtech will now help accelerate SE2's go-to-market strategy for carriers.

Through this transaction, the American leader in life and annuities insurance technologies plans to expand its end-to-end SaaS (software as a service) solutions to offer insurers cost-effective methods for selling, managing and servicing products. The acquisition “also launches SE2’s investment in product and data engineering in Montreal,” the release says.

SE2 currently administers nearly two million active policies on behalf of 25+ clients. The firm has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually

Ian Jeffrey, Breathe Life CEO, will now lead new business and customer engagement SaaS products at SE2. “This is an exciting new chapter for Breathe Life,” he said.