News from the companies of ManhattanLife
ManhattanLife Assurance Company of America (MAC) has signed a definitive agreement to acquire the Workplace Voluntary Benefits (WVB) and Financial Protection Plan (FPP) lines of business from Humana Inc.
These lines of business are primarily held under Humana’s wholly-owned subsidiary Kanawha Insurance Company Inc. (KIC). As Humana previously announced, the Company has entered into an agreement to sell its wholly-owned subsidiary, KMG America Corporation (KMG), including KMG subsidiary KIC, to Continental General Insurance Company (CGIC).
MAC has a diverse product portfolio including Life, Health, Annuities and Medicare Supplement products and this acquisition extends its worksite reach into the mid-to-large market space. The financial terms of the transaction were not disclosed.
“While this is a significant acquisition for us, what remains at the heart of our growth is assembling great people working toward a singular goal of providing distributors and policyholders with great products, “ said Chairman and Chief Executive Officer David Harris. “The WVB line has a very strong product portfolio and we are excited to expand into this segment.”
The WVB products are targeted toward mid-to-large market employer group and include Critical Illness, Accident, Whole Life, Level-Term Life, Disability, and Cancer policies.
“Our distribution partners throughout the country are vital to our success, ranging from brokers to agents to enrollment technology partners,” said Todd Hayden, Chief Marketing Officer. “This gives us access to a market with outstanding benefit professionals that understand the market and thoroughly know their customers’ needs.”
Contact: Todd Hayden, Chief Marketing Officer
Phone: 1-800-669-9030 ext. 6514
HOUSTON--(BUSINESS WIRE)--David Harris, CEO of ManhattanLife, announced today the acquisition of Standard Life and Casualty Insurance Company, expanding the company’s growing national footprint and complementing their already robust product offerings.
HOUSTON, July 2, 2020 /PRnewswire/ -- ManhattanLife, one of the oldest health and life insurance companies in the United States, announced today the growth of their partnership with Integrity Marketing Group ("Integrity") with the launch of the ManhattanLife Assurance Company (MAC) Medicare Supplement. This Medicare Supplement product is an extension of the current ManhattanLife Medicare Supplement portfolio and will be distributed exclusively through Integrity Marketing Group.
HOUSTON--BUSINESS WIRE--David Harris, CEO of ManhattanLife, announced today the launch of The Company’s rebranding initiative, beginning with a new logo identity and tagline — “Standing by You. Since 1850.”
The Houston Business Journal has recognized ManhattanLife as the fifth largest family-owned business in the Houston area!
There is a lot of activity at ManhattanLife. We are rolling out enhanced products and enhanced technologies. In the first quarter we debuted two new Affordable Choice plan designs to complement our original two plan designs and are quite pleased with how agents are embracing them.
ManhattanLife is pleased to announce the launch of three new Multi-Year Guarantee Annuity (MYGA) products: Discovery Plus, Navigator Elite MVA, and Navigator Ultra MVA.