News from the companies of ManhattanLife

Our Response to Recent Bank Closures

 Stability and longevity. These are two very important words in the financial services sector. ManhattanLife has a storied history anchored in those two tenets to build a sustainable business model. With this in mind, we would like to inform you that the recent and highly publicized bank failures have had no impact on our organization or any of its subsidiaries.

  • Our company has zero exposure to any of the failed institutions and we will continue to monitor our bank holdings.
  • Our investment strategy has long been centered around conservatism.
  • We understand that you, our policyholders and client partners, expect that during your time of need, ManhattanLife will deliver on what is expected of it.

To these points, Chairman and Chief Executive Officer, David Harris commented:                                                                                       “Our business model is tried and true and one we manage daily. Our roots began with an acquisition-focused approach and has evolved to always watching for acquisition opportunities but also emphasizing building out multiple business segments fueled by organic growth. We are touching multiple segments in the insurance and financial services sector with a balanced, yet strategic approach to all.”

We have already communicated this information to our producer partners to ensure their trust in us continues and have received very positive feedback. ManhattanLife’s commitment to you remains the highest priority. Our continued, successful record of stability and longevity is tantamount to maintaining the superior service you have come to expect from us. 

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