Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Insurer Consolidates Life Subs

X
Your article was successfully shared with the contacts you provided.

Genworth Financial Inc. is folding 3 of its subsidiaries into other Genworth subsidiaries.

Genworth, Richmond, Va., will merge First Colony Life Insurance Company and Federal Home Life Insurance Company with Genworth Life and Annuity Insurance Company Jan. 1, 2007, Genworth says.

Genworth also will merge American Mayflower Life Insurance Company of New York with Genworth Life Insurance Company of New York, Genworth says.

“The changes do not affect terms and conditions of policies and contracts,” Genworth says. “All administrative and billing procedures currently in place are also unaffected.”


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.