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 launch of The Company’s rebranding initiative, beginning with a new logo identity and tagline — “Standing by You. Since 1850.”
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.
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.
Washington state insurance regulators approved the proposal to consolidate Investors Consolidated Insurance Company with Western United Life Assurance Company (WULA), effective February 25, 2014.
The Manhattan Life Insurance Company (MLIC) today announced the introduction of a new Multi-Year Guaranteed Fixed annuity product line. The Preferred Choice Series is a single-premium deferred annuity line offering guaranteed periods of three, five, six, and seven years.
By Allison Bell | July 05, 2016 at 11:07 AM at ThinkAdvisor
A three-judge panel at the District of Columbia U.S. Court of Appeals has ruled in favor Central United Life Insurance Company, which is a unit of the Houston-based Manhattan Life Group, and Senior Security Benefits of White Settlement, Texas.