New York Life has announced that it will acquire through reinsurance 60% of John Hancock Financial’s closed block, made up primarily of participating whole life insurance. In addition, New York Life announced a separate agreement under which it will sell NEW YORK, Dec 23, 2014 (BUSINESS WIRE) -- New York Life, the largest mutual life insurance company in the United States, announced today that it has signed a definitive agreement to acquire through reinsurance 60 percent of John Hancock Financial’s Annamaria Banaszek, Craig DeSanto and John DiRago have been elected senior vice presidents of New York Life, reporting to Chris Blunt, president of the Insurance Group. As head of the Group’s Wealth Management Department, Banaszek is responsible for (Reuters) - New universal life, according to a letter reviewed by Reuters on Sunday. Benjamin Lawsky, superintendent of the Department of Financial Services, sent a letter to 134 insurers earlier this month asking how they market life insurance New York Life Insurance Co. has bought downtown's The Cumberland apartment building at 555 Church St., Nashville Post reports. A New York Life official confirmed the sale to the Post, but declined to disclose the purchase price. As of early Monday morning Strengthening the policyholder relationship is an ongoing priority for New York Life (NYL), which is broadening its She most recently reported on financial tech for Insurance & Technology, before which she was a staff writer for InformationWeek and .
Pennsylvania Insurance Commissioner Michael Consedine announced today that the state has reached a multi-state, regulatory settlement agreement with New York Life Insurance Company. Under the terms of the settlement, New York Life has agreed to implement a “We’re using the occasion” of Life Insurance Awareness Month “to try to get people to think about insurance in a different way,” says Richard Hong, senior vice president for global brand and marketing at MetLife in New York. A primary reason for New York — New York Life Insurance Co. is joining with the Life and Health Insurance Foundation for Education to sponsor the fifth annual Life Insurance Awareness Month (LIAM) campaign to educate consumers about the benefits of life insurance New York Life Insurance Co. on Friday realigned its business, dividing the company into two major groups to cover insurance and investments. Chris Blunt, who had overseen New York Life's Retirement Income Security business since it was created in 2008 .
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