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In December 2015, the company sold Genworth Lifestyle Protection Insurance to Axa for €465 million. [32] In January 2016, Protective Life acquired parts of the company for $661 million. [33] [34] In February 2016, the company suspended sales of annuities and life insurance, putting the existing books of business into runoff. [35] [36]
From its opening in 1999 until 2011, the company (when it was known as Conseco) held the naming rights to the home arena of the NBA's Indiana Pacers; the naming rights were transferred to Bankers Life in 2011. [11] On May 11, 2010, the board of directors officially approved changing the holding company's name to CNO Financial Group. [12]
Presidential Life Corporation and Athene Annuity & Life Assurance Company Complete Merger. NYACK, N.Y. & HAMILTON, Bermuda--(BUSINESS WIRE)-- Presidential Life Corporation ("Presidential Life ...
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
Presidential Stockholders Approve Merger Agreement with Athene Annuity NYACK, N.Y.--(BUSINESS WIRE)-- Presidential Life Corporation ("Presidential") (NAS: PLFE) announced that Presidential's ...
Howell Palmeroy Skoglund (known as H. P. Skoglund) was the company's president from 1933 to 1965 as well as one of the original owners of the Minnesota Vikings. [4] In 1979, North American Life and Casualty Co. was acquired by Allianz, a German conglomerate, which renamed the company Allianz Life Insurance Co. of North America in 1993. [4] [5]