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Northwestern Mutual is an American financial services mutual organization based in Milwaukee, Wisconsin.The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, Financial Planning trust and private client services, estate planning and business planning.
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
Edward J. Zore (born 1945) is the former president and CEO of Northwestern Mutual and current chairman. He became Northwestern Mutual's 16th president on March 31, 2000 and chief executive officer on June 1, 2001. [2] Zore joined Northwestern Mutual investment department in 1969.
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Retrieved from "https://en.wikipedia.org/w/index.php?title=Northwestern_Mutual_Life_Insurance_Company&oldid=470800250"
Rank Company Country Total assets (US$ Billion) 1 Allianz Germany 1,247.2 2 Berkshire Hathaway United States 958.8 3 Prudential Financial United States 937.6 4 Ping An Insurance
Fitzgerald's father, also named Edmund Fitzgerald (1895–1986), was a civic leader who served as chairman of the Northwestern Mutual Life Insurance Company, and was the namesake for the Great Lakes ore carrier SS Edmund Fitzgerald, popularized in the 1976 song "The Wreck of the Edmund Fitzgerald" by Gordon Lightfoot.
The company was established in 1885, and was originally named the "Northwestern Aid Association". It became the Northwestern Life Association in 1888. In 1901, the company's president, William Frank Bechtel, merged the Northwestern Life Association and the National Mutual Life Association into the Northwestern National Life Insurance Company.