Jan. 1, 2007
Assurity Life and Security Financial Life, Lincoln, Neb., have merged their operating companies effective Jan. 1, 2007. Tom Henning, CLU, ChFC, CFA, President, Chairman and CEO, announced that the name of the combined company will be Assurity Life Insurance Company.
The merger is the culmination of a holding company consolidation which created Assurity Security Group Inc. on Jan. 1, 2005, while the operating companies remained separate entities. With the merger, Assurity Life will have more than $2.1 billion in assets and approximately $225 million in capital, Henning said. The company has more than 400,000 policies and certificates in force.
“Our combined company now comprises a larger, stronger financial services organization that will benefit from economies of scale, expanded marketing opportunities and even greater financial strength,” Henning said. “Assurity will be in a stronger position to capitalize on growth opportunities, enhance our independent insurance ratings and better serve the long-term interests of our customers.”