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American Financial Group, Inc. (NYSE: AFG) announced today that the Ohio Department of Insurance has approved the sale of its Annuity businesses, consisting of Great American Life Insurance Company (GALIC) and its two insurance subsidiaries, Annuity Investors Life Insurance Company and Manhattan National Life Insurance Company, to Massachusetts Mutual Life Insurance Company (MassMutual). The sale is expected to close on May 28, 2021.
AFG expects to receive total after-tax cash sale proceeds of $3.4 billion.
American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions, broker-dealer, and registered investment advisor markets. On January 27, 2021, AFG anno
UNest Announces Partnership with Haven Life
Share Article NORTH HOLLYWOOD, Calif. (PRWEB) May 05, 2021
UNest, the first app to offer parents a flexible way to invest and save for their kids’ future, today announced a partnership with Haven Life, the customer-centric life insurance agency backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). The collaboration enables UNest members to earn a reward when considering Haven Term, a simple, affordable term life insurance that helps families protect their loved ones.
As a result of the partnership, UNest customers who live in eligible states and obtain a no-obligation Haven Life quote through the UNest app will receive a $5 reward into their child’s savings account. The Haven Life quote process only takes a matter of minutes and will help UNest customers determine eligibility and pricing for dependable term life insurance. Additionally
US life insurer expands facility to a total workspace of 1.5 lakh sq. ft.
U.S. life insurer Massachusetts Mutual Life Insurance Company (MassMutual) plans to hire 550 people by December for its Global Capability Center (GCC) in the city.
In a media interaction on Wednesday, Head of the GCC Ravi Tangirala said, “We are currently a workforce of approximately 450 associates and leadership areas across a number of organisational functions. With an aim to further expand hiring for multiple roles across the technology landscape, we are targeting to reach more than 1,000 employees by the end of this year.”
Full Stack Development and Support, DevOps, Quality Assurance, Security and Cloud Engineering and Data Science are some of the domains for which it will be hiring. To accommodate more employees, the GCC has expanded to another floor at the same location in Financial District, creating a total workspace of 1.5 lakh sq. ft.
MassMutual Life Insurance on expansion mode
April 28, 2021
US-based company to hire 550 professionals The US-based Massachusetts Mutual Life Insurance Company (MassMutual) is planning to expand operations at its Global Business Services India LLP, its Global Capability Center (GCC) here by hiring about 550 professionals
The company has chalked out plans to increase its hiring targets in Hyderabad based on its continued digital focus and the availability of qualified talent in India. To accommodate the increasing employee number, the centre expanded to another floor in the same location: Vamsiram’s BSR IT SEZ Park, creating a total workspace of 150,000 square feet.
“We are currently a workforce of approximately 450 associates and leadership areas across a number of organisational functions,” Ravi Tangirala, Head of the GCC in India, told newspersons here.