| › Corporate Overview › Our History › Our Executive Team | ||
› YesterdayManhattan Insurance Group's legacy begins in 1850 with the formation of The Manhattan Life Insurance Company, one of the early pioneers in the life insurance industry. Manhattan Life was the first company to introduce incontestable clauses in life insurance contracts. It also issued the first group life contract as well as the first life policy to a woman. After the Civil War, Manhattan Life became known as "Old Reliable" because it continued to pay death benefits to the widows of Southern soldiers. In 1894, the original Manhattan Life office building in New York City was the tallest building in the world. Maintaining the Manhattan Life tradition of innovation, Manhattan Insurance Group created a reinsurance program in the early 1980. It became clear, that as companies responded to changes in the insurance marketplace, a need arose to develop and service new kinds of life and health insurance. With fewer resources available to efficiently maintain older policy forms, nationally known entities reached out to the Manhattan Insurance Group operating entities and their predecessors for a solution to the problem. In response, Manhattan Insurance Group developed a reinsurance and servicing format that would better maintain these older blocks of business, freeing up capital and management resources to focus on the newer forms of insurance the market demanded. Manhattan Insurance Group grew and became the standard bearer in acquisition reinsurance and policy management with more than 60 such transactions completed since 1983. Over 10,000 different policy forms are now under management, representing over 700,000 policyholders. Over the years, Manhattan Insurance Group has completed these transactions with such well-known companies as American General, SunAmerica, UNUM, SAFECO, CIGNA, Sun Life of Canada, Nationwide and many others. From 1993 until 1998, Manhattan Insurance Group was the exclusive US agent for Sun Life of Canada for reinsurance agreements of this type.
› TodayToday, Manhattan Life is a sister company with Central United Life, Family Life Insurance Company and Investors Consolidated Insurance Company as part of the Manhattan Insurance Group (MIG). Since Manhattan Insurance Group set the standards in the early 1980's, dozens of other companies have used the basic Manhattan Insurance Group format to reinsure and administer all types of life and health insurance. More than a decade ago, Manhattan Insurance Group entered into the Worksite arena and now produces over 30,000 new policies each year to employees all across the country. Manhattan Insurance Group's Worksite strategy is to offer exemplary products that meet the sophisticated needs of today's modern policyholders. Its portfolio of voluntary and involuntary products offers high quality benefits at affordable rates to employees, while helping employers to augment and enhance their benefit programs.
› TomorrowManhattan Insurance Group puts technology at the forefront, developing online tools that allow clients to select from a wide range of communication and enrollment services to create a customized benefit plan for their employees. In addition, a unique Employee Enrollment/Human Resources Management System empowers employees to make well-informed benefit selections while automating daily human resource functions. The results are significant and right in line with maintaining and advancing the Manhattan legacy. |
||
 |
Manhattan Insurance Group a commitment to you |