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

Life Health > Life Insurance

New York Insurer Scoops Up Neighbor

Your article was successfully shared with the contacts you provided.

Columbian Mutual Life Insurance Company has acquired Farmers and Traders Life Insurance Company through a merger.

Columbian, Binghamton, N.Y., says policyholders of Farmers and Traders, Syracuse, N.Y., will become policyholders of Columbian and that policy provisions will not change.

Columbian says it plans to keep Farmers and Traders’ current offices in Syracuse as well as its own offices in Binghamton.

The combined company now has more than $1 billion in assets and about $70 million in surplus, Columbian says.

Columbian sells a wide range of life insurance products, such as voluntary life insurance policies and funeral insurance.

Farmers and Traders also has been selling a full line of insurance and annuity products, including whole life coverage, term life coverage, universal life coverage, fixed annuities and immediate annuities.


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