(“Kuvare”), a growth-oriented life and annuity business, is pleased to announce the completion of its purchase of United Life Insurance Company (“United Life” or “The Company”). With this latest acquisition, Kuvare’s pro forma consolidated assets are now valued at over $3.7 billion.
- 1 Who bought United Life Insurance?
- 2 Who took over American General Life Insurance Company?
- 3 Who bought Reliable Life Insurance?
- 4 Who bought Financial Life Assurance Company of Canada?
- 5 What happened to US life insurance company?
- 6 Did AIG go out of business?
- 7 Which companies does AIG own?
- 8 Is ReliaStar now VOYA?
- 9 Who bought out Great-West Life?
- 10 Who bought London Life?
Who bought United Life Insurance?
United Life Insurance was founded in Cedar Rapids, Iowa, in 1962 but was acquired by Kuvare Holdings in 2018. There is whole, term, and universal life insurance available, in addition to annuity products. United does not offer many details online, instead referring you to an agent in its 37 states of service.
Who took over American General Life Insurance Company?
The race for scale in U.S. life insurance stepped up Friday, as global insurance giant American International Group reached an agreement to acquire fellow insurer American General Corp. for about $23 billion in stock.
Who bought Reliable Life Insurance?
Reliable cedes 100% of its past, present and future premiums (after cessions to outside reinsurers) to its parent company, United Insurance Company of America.
Who bought Financial Life Assurance Company of Canada?
In 2003, Great-West Lifeco acquired Canada Life Financial, which later emerged, along with Great-West Life Assurance Company, for US$4.7 billion.
What happened to US life insurance company?
METLIFE TO ACQUIRE AMERICAN LIFE INSURANCE COMPANY FROM AMERICAN INTERNATIONAL GROUP FOR APPROXIMATELY $15.5 BILLION.
Did AIG go out of business?
You may be surprised to learn that the American International Group Inc., better known as AIG (NYSE: AIG), is still alive and kicking, and is no longer considered a threat to the financial stability of the United States.
Which companies does AIG own?
Below, we’ll take a look at five of AIG’s most important subsidiaries and affiliates.
- AIG American General Life Insurance Company.
- The Variable Annuity Life Insurance Company.
- AIG Life and Retirement Company.
- AIG Property Casualty.
- AIG Global Real Estate.
Is ReliaStar now VOYA?
ReliaStar Life Insurance is a subsidiary of Voya Financial, one of the leading providers of group retirement, investment, and insurance products. ReliaStar was acquired by Voya in 2000.
Who bought out Great-West Life?
Great-West Life, London Life and Canada Life were each formed more than 125 years ago and have benefited from common ownership and management since Great-West Life acquired London Life in 1997 and then Canada Life in 2003. We have received regulatory approval to amalgamate as of Jan. 1, 2020.
Who bought London Life?
Great-West Lifeco Inc. is merging three of its insurance brands, combining Great-West Life Assurance Co. and its two subsidiaries, London Life and Canada Life. The new company, which will go by Canada Life, will consolidate an aggregate 13 million Canadian customers.