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.
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.
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.”
Hot off the press — we’ve got big news! On January 5th the first ad of ManhattanLife’s new brand awareness campaign launched in the favorite news source for business leaders and professionals everywhere — The Wall Street Journal!
The Houston Business Journal has recognized ManhattanLife as the fifth largest family-owned business in the Houston area!