Pioneers Billie Jean King, Annika Sorenstam and Lyn St. James to be honored in Gainbridge's first-ever Parity Week, where 180 women will compete for nearly $13 million
ZIONSVILLE, Ind., Oct. 26, 2023 /PRNewswire/ -- Gainbridge®, a Group 1001 company, announced today the launch of "Parity Week by Gainbridge," a celebration of three pioneers in women's sports centered around three flagship events the week of November 6-12, hosted by Billie Jean King, Annika Sorenstam and Lyn. St. James, respectively.
The Billie Jean King Cup by Gainbridge Finals, known as the "World Cup of Women's Tennis," will take place in Seville, Spain, on indoor hard courts at Estadio de La Cartuja from November 7-12. The ANNIKA driven by Gainbridge at Pelican will feature the best of the LPGA Tour at Pelican Golf Club in Belleair, Florida, with tournament rounds scheduled for November 9-12. The WIMNA's "Women with Drive III – Driven by Mobil 1" summit will be co-chaired by Lyn St. James at Phoenix Raceway on November 7-8.
Between the golf and tennis events, 180 women athletes will compete for $12.85 million in total prize money during Parity Week.
The namesake for "Parity Week" is Gainbridge's sister company Parity, a brand sponsorship platform committed to closing the gender income and opportunity gap in professional sports.
"Our sponsorships reflect our belief that sports and education are meaningful vehicles to impact the communities in which we work and play," said Dan Towriss, President and CEO of Group 1001. "We believe our spending should serve as an opportunity to lead, which is why we've chosen to align our sponsorship efforts with Billie Jean, Annika and Lyn – three pioneers of not just women's sports but all sports. To be able to highlight these events alongside Parity's mission to support women athletes will make for an impactful week."
"Parity Week by Gainbridge is a great opportunity to celebrate women's sports and the athletes that are following in the footsteps of these legends," said Parity CEO Leela Srinivasan. "The week is a tribute to their enduring legacies and another opportunity to champion gender equality and opportunity in sports. Parity exists to generate income opportunities for pro women athletes from all sports through powerful brand partnerships, and our mission perfectly aligns with how Gainbridge is investing in these major events and leading the way in the women's sports sponsorship space."
In addition to the sporting contests, each event will feature panels with these icons alongside successful executives making an impact in both sports and business. As a part of The ANNIKA driven by Gainbridge at Pelican and Women with Drive III – Driven by Mobil 1 summit, Gainbridge® will sponsor a livestream of all panels, expanding the reach of these thought leaders.
"In order to make the most widespread, meaningful impact, we wanted to have these events reach beyond those fortunate enough to be in the room. By making the livestream free to people around the world to attend virtually, we hope to expand awareness of Parity's efforts in this space and encourage others to join Gainbridge in the journey," Towriss said.
Srinivasan will be speaking on the panel that includes top women executives at the Women's Leadership Summit on November 7 during The ANNIKA driven by Gainbridge at Pelican, while Liz Dorrance, AVP of Digital Marketing & Strategy at Group 1001, will be a panelist speaking on "The Secret Sauce" of sponsorships in motorsports at the Women with Drive III – Driven by Mobil 1 summit on November 8.
To commemorate the start of Parity Week, NASCAR Cup driver Ty Dillon will pilot the #77 Gainbridge Chevrolet in a special paint scheme highlighting the three events at the season-ending NASCAR Championship Weekend race on Sunday, November 5.
Back at Group 1001 headquarters in Zionsville, Indiana, there will be several events connected to Parity Week which employees will have the opportunity to participate in. The company has organized a Habitat for Humanity Women Build for employees on November 7, 8 and 11. Plus, the NBA's Indiana Pacers are hosting Parity Night on November 9th at Gainbridge Fieldhouse. Finally, employees will gather for a watch party on November 7 in our corporate café for the livestream of the Women's Leadership Summit at The ANNIKA driven by Gainbridge at Pelican.
"It's important to connect our sponsorship initiatives to our corporate culture of giving back through sports and education," said Towriss. "Our employees are the backbone of the company and involving them in initiatives like Parity Week helps to build culture while making the week more meaningful and impactful."
For more information about Parity Week and a full schedule of events, visit paritynow.co/parityweek.
Founded in 2018, Gainbridge® is an insurtech subsidiary of Group 1001 that empowers consumers to take control of their financial future with solutions that are accessible to everyone no matter their budget or financial knowledge. Its platform provides access to financial products that are simple, intuitive, and backed by smart technology with no complexity or hidden fees. Gainbridge® is headquartered in Zionsville, Indianapolis. For more information, visit www.gainbridge.io or follow and connect with us on X (formerly Twitter) and LinkedIn.
About Group 1001
Group 1001 Insurance Holdings, LLC ("Group 1001") is a technology-driven financial services company with a mission to empower customers, employees, and communities by making innovative products accessible to everyone. Group 1001 strives to demystify how insurance and annuity products are purchased today by leveraging technology to provide intuitive financial solutions for all Americans. As part of its mission, Group 1001 invests in strategic partnerships to connect with and transform communities through education and sports. As of June 30, 2023, Group 1001 had combined assets under management of approximately $60.9 billion and comprises the following brands: Delaware Life, Gainbridge®, Clear Spring Health, Clear Spring Property and Casualty Group, and Clear Spring Life.
Minority-founded in 2020, Parity's mission is to close the gender income and opportunity gap in professional sports. By developing high-impact collaborations between brands, professional women athletes and their fans, Parity has proudly put millions in the pockets of women athletes, attracting dozens of brands – from Microsoft to Morgan Stanley – to the movement in the process. The platform offers connections to more than 850 women athletes from 70+ sports, including well over 200 Olympians and Paralympians. For more information on how to tap into the rapidly rising influence and popularity of women athletes, visit http://paritynow.co or follow us on Instagram, LinkedIn, Facebook, X (formerly Twitter) and Threads.
About The ANNIKA driven by Gainbridge at Pelican
The ANNIKA driven by Gainbridge at Pelican is the LPGA's annual tournament in the Tampa Bay region and features the world's best female golfers competing over four rounds for a share of the $3.25 million purse, the largest purse on the LPGA Tour outside of major championships and the season-ending event. The tournament is contested at the Pelican Golf Club in Belleair, Fla., a Donald Ross design that offers world-class amenities and an unmatched golf experience. The sole namesake event on the LPGA Tour, Annika Sorenstam serves as tournament host with proceeds benefiting the ANNIKA Foundation. The championship is operated by Outlyr, a global sports, event management and lifestyle marketing agency. For more information on The ANNIKA driven by Gainbridge at Pelican, visit www.TheAnnika.com.
About BJK Enterprises / Billie Jean King Cup by Gainbridge
Previously known as the Fed Cup, the Billie Jean King Cup by Gainbridge is the largest annual international team competition in women's sports, with over 134 nations entered in 2023, including Regional ties, Qualifiers, Play-Offs, and Finals. Founded in 1963, the competition is in its 60th year and has continued to develop as a bold, powerful platform for the growth of women's tennis across the world. It was broadcast in an unprecedented 196 territories in 2022, when the winning team from Switzerland took home a record $2 million for their triumph at the Finals in Glasgow.
About WIMNA/Women with Drive III - Driven by Mobil 1
Women in Motorsports North America ("WIMNA") is a community of professionals devoted to enabling opportunities for women across all motorsport disciplines. Founded as a 501c3 in April 2022, WIMNA is quickly establishing its positive impact on motorsports supporting and creating resources that enable women drivers, technicians, engineers, operations staff, business-related, media, and more to thrive in the industry. Best known for its Women with Drive III Summit – Driven by Mobil 1 summit is held annually at an iconic motorsports venue, WIMNA also provides resources, mentorship, coaching, career connections, and more. Lyn St. James, co-founder of WIMNA and co-chair of the Women with Drive III – Driven by Mobil 1 summit, was the first woman to win the IndyCar Rookie of the Year award in 1992.
SOURCE Group 1001