Protective Life

Protective Closes Reinsurance Transaction with Great-West

Retrieved on: 
Monday, June 3, 2019
Professional services, Banking, Finance, Insurance, Finance, Insurance companies, Economy, Dai-ichi Life, Protective Life, Great-West Lifeco, Insurance, Life annuity, The Great-West Life Assurance Company, United Investors Life Insurance Company

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today that its principal subsidiary, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, completed the transaction with Great-West Life & Annuity Insurance Company (GWL&A) to acquire via reinsurance substantially all of its individual life and annuity business.

Key Points: 
  • Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today that its principal subsidiary, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, completed the transaction with Great-West Life & Annuity Insurance Company (GWL&A) to acquire via reinsurance substantially all of its individual life and annuity business.
  • The transaction is expected to represent a capital investment by Protective of approximately $1.2 billion and is the companys largest acquisition to date.
  • Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S.
  • Protective traces its roots to its flagship company, Protective Life Insurance Company founded in 1907.

Birmingham-Jefferson Convention Complex and Protective Life Corporation Announce Naming Rights Agreement for Birmingham’s New Multi-Use Stadium

Retrieved on: 
Thursday, April 11, 2019
General Sports, Professional services, Banking, Finance, Insurance, Construction & Property, Commercial Building & Real Estate, Sports, Dai-ichi Life, Sports venues, Protective Life, ALABAMA, Sports, Birmingham–Jefferson Convention Complex, Birmingham, Alabama, Naming rights, BJCC

The Birmingham-Jefferson Convention Complex (BJCC) and Protective Life Corporation (Protective) announced today a 15-year agreement for the naming rights sponsorship of Birminghams new multi-use stadium, which will now be called Protective Stadium.

Key Points: 
  • The Birmingham-Jefferson Convention Complex (BJCC) and Protective Life Corporation (Protective) announced today a 15-year agreement for the naming rights sponsorship of Birminghams new multi-use stadium, which will now be called Protective Stadium.
  • View the full release here: https://www.businesswire.com/news/home/20190411005830/en/
    Rendering of Protective Stadium (Photo: Business Wire)
    We are excited to welcome Protective Life Corporation as our naming rights partner for the new multi-use stadium, said Tad Snider, Executive Director, BJCC.
  • This is more than a stadium its an opportunity for our community to continue thriving, said Rich Bielen, President and Chief Executive Officer, Protective.
  • Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S.

Protective to Host 2019 Company Update Meeting

Retrieved on: 
Friday, March 15, 2019
Professional services, Finance, Insurance, Dai-ichi Life, Insurance companies, Protective Life, Dai-ichi, United Investors Life Insurance Company

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, Dai-ichi), will host a Company Update webcast on April 2, 2019, from 8 to 9:30 a.m. CT, providing information about Protectives 2018 financial results, current business strategy, and 2019 outlook.

Key Points: 
  • Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, Dai-ichi), will host a Company Update webcast on April 2, 2019, from 8 to 9:30 a.m. CT, providing information about Protectives 2018 financial results, current business strategy, and 2019 outlook.
  • The live audio webcast of the presentation will be available at Protective.com in the Financial Information section.
  • Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S.
  • The company traces its roots to the corporations flagship company, Protective Life Insurance Company founded in 1907.

Protective Life Enters Agreement with Great-West to Reinsure Individual Life Insurance and Annuity Business

Retrieved on: 
Thursday, January 24, 2019
Professional services, Insurance, Finance, Insurance, Economy, Annuities, Actuarial science, Dai-ichi Life, Protective Life, Great-West Lifeco, The Great-West Life Assurance Company, Life insurance, Life annuity, Genworth Financial

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, Dai-ichi), announced that it has reached an agreement under which its subsidiaries, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, will acquire via reinsurance substantially all of Great-West Life & Annuity Insurance Companys (GWL&A) individual life insurance and annuity business.

Key Points: 
  • Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, Dai-ichi), announced that it has reached an agreement under which its subsidiaries, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, will acquire via reinsurance substantially all of Great-West Life & Annuity Insurance Companys (GWL&A) individual life insurance and annuity business.
  • The business to be transferred, which has been marketed under the Great-West Financial brand, includes bank-owned and corporate-owned life insurance, single premium life insurance, individual annuities, and a portion of Great-Wests closed block life insurance and annuities.
  • The transaction includes business written by GWL&A, Great-West Life &Annuity Insurance Company of New York and the U.S. branches of GWL&As affiliates, The Canada Life Assurance Company and The Great-West Life Assurance Company.
  • The company traces its roots to the corporations flagship company, Protective Life Insurance Company founded in 1907.

Protective Life Corporation Names Mark McVeigh Senior Vice President of Life Insurance Sales

Retrieved on: 
Friday, January 18, 2019
Professional services, Finance, Insurance, Finance, Insurance, Economy, Dai-ichi Life, Protective Life, McVeigh, Life insurance

Protective Life Corporation (Protective) is pleased to announce that Mark McVeigh has been appointed to the role of Senior Vice President of Life Insurance Sales.

Key Points: 
  • Protective Life Corporation (Protective) is pleased to announce that Mark McVeigh has been appointed to the role of Senior Vice President of Life Insurance Sales.
  • McVeigh will report to Matt Riebel, Senior Vice President and Chief Sales Officer, Protective.
  • View the full release here: https://www.businesswire.com/news/home/20190118005275/en/
    Protective Life Corporation names Mark McVeigh Senior Vice President of Life Insurance Sales.
  • Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S.