News from the companies of ManhattanLife
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.
From our first meeting with the WULA sales management team and employees, we were extremely impressed with their insurance operation and consistent annuity production. WULA has been somewhat restrained from growth over the past several years and the acquisition will allow them to increase their presence beyond the 16 states they currently market in and expand into the central and eastern part of the United States. We are excited to be in the annuity space and we look forward to expanding and establishing a stronger presence in the market.” CUL President Dan George
From our first meeting with the WULA sales management team and employees, we were extremely impressed with their insurance operation and consistent annuity production. WULA has been somewhat restrained from growth over the past several years and the acquisition will allow them to increase their presence beyond the 16 states they currently market in and expand into the central and eastern part of the United States. We are excited to be in the annuity space and we look forward to expanding and establishing a stronger presence in the market.”
WULA is a Washington-based company and has been providing services for over 45 years. WULA has a large network of independent producers in the western United States.
This milestone acquisition is an ideal strategic fit for both companies. Manhattan has built an impressive portfolio of insurance companies and WULA fits perfectly into its product diversification and growth objectives. Additionally, the companies share a mutual mission: to provide a quality portfolio of products and personal customer service.” WULA President Dale Whitney
This milestone acquisition is an ideal strategic fit for both companies. Manhattan has built an impressive portfolio of insurance companies and WULA fits perfectly into its product diversification and growth objectives. Additionally, the companies share a mutual mission: to provide a quality portfolio of products and personal customer service.”
Annuity operations will remain in Spokane, Washington with a regional sales office in Vancouver, Washington. About the Manhattan Insurance Group of companies: Manhattan Insurance Group companies are comprised of Manhattan Life Insurance Company, Central United Life Insurance Company, Investors Consolidated Insurance Company and Family Life Insurance Company. Collectively, the companies have an AM Best rating of B+ (Good). Contact: Todd Hayden 800-669-9030 Ext. 6514
We're strengthening our presence in the retirement market with our two new Fixed Index Annuities (FIAs).
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).
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.
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.
Washington state insurance regulators approved the proposal to consolidate Investors Consolidated Insurance Company with Western United Life Assurance Company (WULA), effective February 25, 2014.
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.