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In 1995, CNA completed a $1.1 billion merger with The Continental Corporation. The merger was the first significant merger of two property and casualty companies in more than 25 years. In 1999, CNA sold its personal insurance division to Allstate. [5] [6] That personal insurance company is now Encompass Insurance Company, a subsidiary of ...
In 2009, Aflac acquired Continental American Insurance Company for $100 million, [5] enabling them to sell supplemental insurance on both the individual and group platforms. [6] As of June 30, 2012 [update] , it was represented by approximately 19,300 sales agencies in Japan and 76,900 licensed sales associates in the U.S. [ 7 ]
2013: Sold its life insurance business to Prudential, retirement plans to MassMutual, and a broker-dealer to AIG. [14] 2012: Announced it would focus on property and casualty insurance, group benefits and mutual funds, and would sell its wealth management businesses. [15] 2009: the company announced that it was withdrawing its business ...
The best life insurance company for each person varies since each policyholder brings a unique set of needs and preferences to the table. For instance, some people may be willing to spend a little ...
In December 2015, the company sold Genworth Lifestyle Protection Insurance to Axa for €465 million. [32] In January 2016, Protective Life acquired parts of the company for $661 million. [33] [34] In February 2016, the company suspended sales of annuities and life insurance, putting the existing books of business into runoff. [35] [36]
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.