NU Online News Service, Aug. 4, 2004, 3:45 p.m. EDT
Safeco Life & Investments, Redmond, Wash., plans to change its name to “Symetra Financial” Sept. 1.[@@]
A group of investors recently acquired the company from Safeco Corp., Seattle, a company that has decided to focus on its property-casualty operations.
The new name was chosen because it communicates a “sense of balance essential for long-term success in the financial services business,” according to Randy Talbot, Safeco Life’s president.