Crum & Forster launches new life insurance business unit

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Property & Casualty (P&C) insurer, Crum & Forster has launched a new life insurance business unit, helping to further build on the organisations 2021 acquisition of Monitor Life Insurance Company of New York.

Both the acquisition and launch of a new life insurance business unit will allow the company to continue expanding its Accident and Health (A&H) offerings in an evolving marketplace.

With Certificates of Authority in 48 states (pending approval in MN, OR), filings for the initial suite of products are currently underway and sales will begin in the fourth quarter of this year.

The acquisition of Motor Life and new unit will give Crum & Forster A&H the ability to write a full suite of life products.

Additionally, it will also give the company the flexibility to add additional A&H products moving forward.

Furthermore, Crum & Forster will continue marketing through MGUs, TPAs, brokers, agents and program managers.

Gary McGeddy, A&H President, commented: “This is an exciting development for Crum & Forster, and we look forward to expanding our offerings to enhance our capabilities to meet and exceed clients’ expectations. As a business, we are committed to designing a diversified portfolio that delivers superior customer service to our partners. Our new life business is another step along that journey.”

Gary Nidds, Head of Crum & Forster’s new Life business unit and its A&H Medical business unit, added: “We look forward to working with our partners to expand our value proposition and continue providing new, high-quality products and services. As we continue to diversify and put forth innovative product offerings, we’re excited to be a catalyst of opportunity within the life insurance ecosystem.”

The post Crum & Forster launches new life insurance business unit appeared first on ReinsuranceNe.ws.

Are you starting an INDEPENDENT agency?

Get Your Agency StartUp Checklist Today

More News

NOAA - Tropical Weather Updates
Tropical Weather Updates

Tropical Storm Lidia Graphics

5-Day Uncertainty Track last updated Tue, 03 Oct 2023 14:51:13 GMT Wind Speed Probabilities last updated Tue, 03 Oct 2023 15:29:42 GMT

NOAA - Tropical Weather Updates
Tropical Weather Updates

Tropical Storm Lidia Forecast Discussion Number 2

Issued at 900 AM MDT Tue Oct 03 2023 932 WTPZ45 KNHC 031450 TCDEP5 Tropical Storm Lidia Discussion Number 2 NWS National Hurricane Center Miami