NU Online News Service, Dec. 14, 12:03 p.m. – Atlanta Life Insurance Company, Atlanta, is changing its corporate structure.
The 97-year-old stock company has set up a new holding company, the Atlanta Life Financial Group, and put the holding company in charge of four operating companies: Atlanta Life Insurance Company, ALIC Investment Advisors Inc., ALIC Securities Inc., and the Atlanta Life General Agency.
Atlanta Life has hired William Souder Jr., a veteran of the American General Corp., Houston, and Prudential Financial Corp., Newark, N.J., sales organizations, to be president of the general agency unit.
Souder will also work on expanding the Atlanta Life market. The company now has licenses to operate in 20 states, but it says it hopes to get licenses to operate in all 50 states.