Globe Life Insurance Company of New York
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| Company type | Subsidiary of Torchmark Corporation |
|---|---|
| Industry | Life insurance |
| Founded | 1981 |
| Headquarters | Syracuse, New York |
Area served | New York |
Key people | Vern D. Herbel, CEO Michael C. Majors, President[1] |
| Products | Supplemental health and life insurance |
| Website | www.globelifeofnewyork.com |
Globe Life Insurance Company of New York, based in Syracuse, New York, is a subsidiary of United American Insurance Company (UA). The company was previously known as First United American Life Insurance Company, but changed its name to Globe Life Insurance Company of New York on January 1, 2017.[2] The company is a wholly owned subsidiary of Torchmark Corporation (NYSE: TMK), based in McKinney, Texas.
History
In 1981, as United American, the company became a member of Torchmark Corporation, a financial services holding company listed on the New York Stock Exchange. United American was chartered that year as a result of their business spreading across the United States. First UA wrote its first piece of business in 1986.
First United American has earned the A+ (Superior) Financial Rating from A.M. Best Company.[3]
References
- ^ "Executive Profile Michael Clay Majors". Bloomberg. Retrieved 17 January 2019.
- ^ "First United American Life Insurance Company Changes Its Name". PR Newswire. Retrieved 10 January 2017.
- ^ "A.M. Best Affirms Ratings of Torchmark Corporation and Its Subsidiaries". Retrieved 18 January 2015.