News from the companies of ManhattanLife
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.
Incorporated in 1946, Standard Life and Casualty offers a diverse portfolio of high-quality products, including Specialty Life, Health, Accident and Disability. Standard Life has been owned and managed by John Piercey, his son Brad Piercey, and the Piercey family for more than 41 years. John is Chairman, and Brad is CEO and President. Brad Piercey will continue in his role as President.
“This acquisition significantly broadens our multi-channel product platform and allows us access into markets that we’ve been eager to enter,” Harris said. “Further, we have had a decade-long presence in the Senior Market and this partnership greatly enhances our product portfolio in that space.”
The Standard Life and Casualty acquisition brings with it $37 million in assets and $12.5 million in annual revenue from writing Final Expense, Home Health Care, Short-Term Medical and Critical Illness policies through independent brokers and Independent Marketing Organizations. The company is licensed in 29 states.
“ManhattanLife has been on our radar and I’m sure others as well over the years as we’ve watched them grow both organically and through acquisitions,” said Brad Piercey. “From our very first conversation it was clear that Standard Life and ManhattanLife could forge a partnership built around a common culture. Maintaining our marketing and sales functions in Salt Lake City while being able to leverage other resources within the ManhattanLife framework will fuel our growth and we couldn’t be happier with this alliance.”
About ManhattanLife: ManhattanLife, founded in 1850 and is celebrating the Company’s 170th anniversary, is one of the oldest insurance companies in the United States. The Company offers a diversity of high-quality Individual Life & Health Insurance, Voluntary Benefits, Medicare Supplements and Annuities through its four charters — Manhattan Life, ManhattanLife Assurance, Family Life and Western United Life. The organization has completed over 100 company and block acquisitions
For more news and information on ManhattanLife, please visit www.manhattanlife.com.
Sales & Marketing
The Manhattan Insurance Group of companies announced today that Central United Life Insurance Company (CUL) has acquired Western United Life Assurance Company (WULA). The acquisition gives the privately held insurance company, based in Houston and a leading provider of Life, Accident, Cancer and Limited Benefit health insurance, access to the short- to mid-term annuity market.
ManhattanLife announced today its acquisition of Western Skies MGU, expanding its presence into the self-funded medical stop loss market. Western Skies MGU is a national wholesaler and Program Manager of self-funded medical stop-loss health plans.
We're strengthening our presence in the retirement market with our two new Fixed Index Annuities (FIAs).
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.
Central United Life Insurance Company has been named a 2012 Ward’s Top 50 performing life and health insurer. Each year, the Ward Group analyzes 800 life and health insurers based on performance benchmarks. To make the top 50, an insurer must demonstrate superior performance, including a measured ability to grow and maintain financial stability, over a five-year period (2007 - 2011).
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.