In 1994, Central Life Assurance Company and American Mutual Life Insurance Company combined to form AmerUs Life Insurance Company.
Who is garvis Kincaid?
Garvice Kincaid, a lawyer who grew up in Madison County and was born in Lee County, was said to have accumulated a half-billion dollar fortune before dying of a heart attack on Nov. 21, 1975, at the age of 63. When Kentucky Central Life Insurance went bankrupt, Garvice Kincaid’s estate lost a lot of money, according to Philip E. Kincaid.
Did ameritas buy Union Central?
Union Central Life Insurance Company was established in 1867 in Cincinnati, Ohio. It was founded in the form of a mutual insurance business. Norman Wait Harris, the founder of Harris Bank, was one of its founders.
It changed the life insurance company to a stock corporation in 2005 by forming the Union Central Mutual Holding Company, a mutual insurance holding company. The UNIFI Mutual Holding Company was formed on January 1, 2006, when that holding company amalgamated with the Ameritas Acacia Mutual Insurance Holding Company. In 2013, Union Central Life and Ameritas Life amalgamated to form Ameritas Life.
Who took over Liberty Life Insurance?
Liberty Mutual completed the sale of Liberty Life Assurance Company of Boston to Lincoln Financial Group on May 1, 2018. The acquisition comprised Protective Life Insurance Company reinsuring Liberty’s Individual Life and Annuity business.
Who owns Alexander Hamilton’s insurance?
The company relocated from Tennessee to New Hampshire and is now a life insurance company in the state. The primary business of Jefferson Pilot Financial is the marketing of annuities and life insurance. In 49 states, Puerto Rico, the US Virgin Islands, Guam, and the District of Columbia, Jefferson Pilot Financial is licensed to write annuities and life insurance. JP LifeAmerica is a New Jersey-based stock life insurance company founded in 1897. JP LifeAmerica was previously known as Chubb Colonial Life Insurance Company until May 1, 1998. JP LifeAmerica specializes in the marketing of annuities and life insurance, as well as the writing of individual and group life contracts. JP LifeAmerica has life insurance licenses in all 50 states, Puerto Rico, the US Virgin Islands, Guam, and the District of Columbia. JP Life is a stock life insurance business founded in 1890 under North Carolina’s insurance regulations. JP Life’s primary business is writing individual whole life, term, endowment, and annuity policies, as well as industrial and group insurance. In the Virgin Islands, Puerto Rico, the District of Columbia, and all states except New York, JP Life is licensed to write annuities and other insurance. These four life insurance businesses are referred to as the “Life Company Applicants” in the application and herein, and they are wholly-owned subsidiaries of Jefferson-Pilot Corporation, a North Carolina corporation.
Who owns Jefferson-Pilot Insurance?
Lincoln National Corp. and Jefferson-Pilot Corp. agreed to buy each other for $7.5 billion in cash and stock on Monday. The stock price of Jefferson-Pilot increased as a result of the announcement.
According to the firms, the agreement will combine Lincoln’s expertise in life and annuities with Greensboro-based Jefferson Pilot’s large position in fixed and variable universal life, fixed annuities, including equity-indexed annuities, and other insurance.
Is Lincoln Financial publicly traded?
Lincoln Financial Group is the brand name for Lincoln National Corporation, a Fortune 500 financial services firm based in Radnor, Pennsylvania. The ticker LNC is used to trade our shares on the New York Stock Exchange.
What happened to AmerUs life insurance company?
AmerUs Group Co, a prominent provider of life insurance and annuity products, announced today that it has completed its merger with Aviva plc. AmerUs Group common stockholders will get $69 in cash for each share of the company’s stock. The New York Stock Exchange (NYSE) will not be open for trade today, and AmerUs Group common stock will be delisted.
Thomas C Godlasky, chairman, president, and chief executive officer of AmerUs Group, commented on the transaction’s completion: “This is a watershed moment in AmerUs Group’s history, and we are very optimistic about our future as part of the Aviva group. As we expand our business in the United States, Aviva’s global brand exposure, financial strength, and scale are important advantages.”
Aviva International’s executive director, Philip Scott, said: “With the acquisition of AmerUs, we now have a dominant position in a key component of the world’s largest long-term savings market. In a single step, this creates a platform for considerable profitable growth in the United States, while also establishing the Aviva group’s fourth-largest life business. Our existing US business has been well-planned for integration into AmerUs, and integration will begin immediately.”
Mr. Godlasky has been named president and chief executive officer of Aviva USA. The company’s management and activities in the United States will be based in Des Moines, Iowa.
In addition, the company stated that Philip Easter will succeed Melinda S Urion as executive vice president and chief financial officer. Ms. Urion will leave the company on the 15th of December 2006, as part of the Aviva merger. “At AmerUs, Melinda has been an outstanding finance and accounting leader. AmerUs and its shareholders have benefited from her strict approach to financial management. Mr Godlasky said, “We wish her the best and appreciate her service.”
Mr. Easter (53), finance director of Aviva UK general insurance, had a long career in finance with the company, holding key finance positions such as managing director, group finance, and group financial controller. “Mr Godlasky stated that “his knowledge and understanding will facilitate a smooth transition from US GAAP reporting to international accounting standards.” Mr. Easter will start his new job on January 1, 2007, pending regulatory approval.
AmerUs Group Co is based in Des Moines, Iowa, and is in the business of selling individual life insurance and annuity products in the United States through its subsidiaries. AmerUs Life Insurance Company, American Investors Life Insurance Company Inc, Bankers Life Insurance Company of New York, and Indianapolis Life Insurance Company are among the company’s primary subsidiaries.
AmerUs Group had total assets of $26.0 billion and shareholders’ equity of $1.7 billion as of September 30, 2006, including accrued other comprehensive income.
Aviva is a leading supplier of life and pensions in Europe, with significant presence in other areas around the world, making it the world’s fifth largest insurance group by gross worldwide premiums at the end of 2005.
Long-term savings, fund management, and general insurance are Aviva’s primary business activities, with worldwide total sales of $36 billion (US$65 billion) and assets under control of $322 billion (US$552 billion) as of December 31, 2005.
What is the Ameritas logo?
Bankers Life was renamed Ameritas Life Insurance Corp. (Ameritas Life) in 1988 to reflect the company’s comprehensive product line and national reach. The new logo was chosen to be an American bison. It is a well-known symbol that evokes power and signifies a Midwestern work ethic and tradition.