Durham, N.C. – One of the country’s fastest growing insurance companies, Aspida Financial Services and its affiliates (“Aspida”), selected Durham County, North Carolina to expand its global headquarters. At today’s meeting of the State of North Carolina’s Economic Investment Committee, it was announced that Aspida will hire 1,000 new employees over the next several years and invest more than $28 million in new capital expenditures. The company is currently located at 2327 Englert Drive in Durham but will move into a new flagship space (the location will officially be announced later).

“On behalf of the Board of Commissioners, I am thrilled that Aspida is expanding their headquarters in Durham County,” said Durham County Board of Commissioners Chair Nida Allam. "This impressive project advances a number of County goals and is the largest recruited jobs project to date. Aspida also brings an excitement to partner with Durham’s workforce development community to support financial services career pathways.”

Geoff Durham, President and CEO of the Greater Durham Chamber of Commerce added, “There is nothing more satisfying than being able to help a local organization expand in Durham. Aspida cares about this community and will be offering great salaries to local people as they expand. We appreciate their support of the Durham Public Schools and other local community organizations, and we look forward to continued community partnerships.”

Founded in 2020 and based in Durham, Aspida is a fast-growing financial services company with over $25 billion in assets, as of June 30, 2025. Aspida provides a suite of annuity products that helps people achieve and protect their financial futures as well as reinsurance solutions for other insurance companies. By combining easy-to-use digital tools with exceptional customer service, they make traditionally complex processes much simpler for advisors, clients, and institutional partners. The new facility will support the continued growth of their technology, service, and operations teams and will serve as the central hub for business as they expand.

“Aspida’s expansion in our home city of Durham reinforces our commitment to the local community, and to our continued growth in North Carolina,” said Lou Hensley, CEO and President of Aspida. “The Triangle’s support of business advancement, expanding infrastructure, and heavy focus on technology create the right environment for our quickly growing organization to thrive. We are excited to continue to support the community in which we work and live."

“Aspida’s decision to scale its headquarters in Durham reflects the strength of our state’s talent pipeline and the collaborative spirit of our economic development partners,” said North Carolina Commerce Secretary Lee Lilley. “We look forward to supporting the growth of other home-grown North Carolina companies.”

The project will be facilitated, in part, by a Job Development Investment Grant (JDIG) awarded by the State of North Carolina. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $5.5 billion and for every dollar of potential cost to the state, the state receives $3.06 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

The Board of County Commissioners is scheduled to consider a local award to support the JDIG at a board meeting in December 2025.  

“Aspida’s commitment to Durham reflects the continued diversification of our economy and the growth of local companies that support our community values,” said Matthew Filter, Durham County Economic Development Manager. “We are excited Durham will be their forever home.” 

Partnering with Durham County and the Greater Durham Chamber of Commerce on this project are the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina General Assembly, North Carolina Community College System, Durham Technical Community College, and Duke Energy.

For more information about this announcement, contact Durham County Economic Development Manager Matthew Filter at mfilter@dconc.gov or Greater Durham Chamber of Commerce Vice President of Economic Development Matt Gladdek at mgladdek@durhamchamber.org.

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