HOUSTON, March 19, 2025 – Sierra Financial Holdings, LLC announced today that it has received final regulatory approval from the Texas Department of Insurance to acquire Preferred Security Life Insurance Company. The closing of the acquisition is anticipated to occur on April 1, 2025.
Dennis Haley, President of Preferred Security Life Insurance Company, noted that the acquisition will allow Sierra to broaden its financial services portfolio. “The addition of a life insurance option to Sierra’s wide array of mortgage loan products significantly expands its portfolio of financial services and provides Preferred Security Life with ready access to the growing Latino market while simultaneously offering customers a means to provide financial protection and security for their family,” Haley stated.
Sierra Financial Holdings, LLC, headquartered in Houston, Texas, is a privately held company focused on the financial services sector. Since 2010, its diverse range of independent financial services organizations have offered a comprehensive suite of insurance and mortgage portfolio products to the primarily Latino market.
The company’s holdings include:
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Sierra Mortgage Capital, LLC: A nationwide closed loan mortgage conduit purchasing first lien residential whole loans from approved mortgage bankers and retail lenders.
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Sierra Lending Group, LLC: A retail residential mortgage originator specializing in products that serve the Latino market in Texas.
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Sierra Lending Corporation: A California-based retail residential mortgage originator with a focus on products for the Latino market.
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Sierra Insurance Services, LLC: A Houston-based insurance agency providing life insurance products tailored to the Latino market.
Preferred Security Life Insurance Company, established in 1994, is a Stipulated Premium Life insurance company. Its operational headquarters are in Colorado Springs, Colorado.
For further information, please contact:
John F. Sexton Managing Partner [email protected] 4550 Post Oak Place Dr, Suite 244 Houston, TX 77027 (713) 629-6300 www.SierraFinancialHoldings.com
