Protective life insurance company

Protective Life Corp. to relocate regional office to Covington

FRANKFORT, Ky. — Kentucky’s efforts to attract and create better-paying jobs statewide took a major step forward today. Protective Life Corp. announced the company will relocate its core site in the greater Cincinnati region to Covington. The new location positions Protective Life for long-term employee and business growth. The initial move to RiverCenter Towers in downtown Covington will bring approximately 100 well-paying jobs to Kentucky in 2021. As the company grows over the next decade, leaders expect to more than double that employee count. Protective Life plans a $17.1 million investment to lease and retrofit 67,000 square feet in Technology Tower I of Covington’s RiverCenter. The...

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Protective Life Insurance Company Company Profile, DiversityJobs

Protective Life Insurance Company | Diversity Employer Protective Life Corporation offers a broad range of life, asset protection, and retirement products. We trace our roots to the Corporation’s flagship company, Protective Life Insurance Company – founded in 1907. Throughout our more than 110-year history, we have been a company driven by values. Our growth and success can be largely attributed to our ongoing commitment to serving people and doing the right thing… for our employees, our distributors and most importantly, our customers. The company is headquartered in Birmingham, Alabama, and its more than 2,800 employees are located in offices across the United States....

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

BIRMINGHAM, Ala.--( BUSINESS WIRE )--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 Company’s (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...

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Protective Life Insurance Company Diversifies Investment Banking Partners with Minority-Owned Investment Firms, Business Wire

BIRMINGHAM, Ala.--( BUSINESS WIRE )-- Protective Life Insurance Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced a recent transaction that included four minority-owned investment banking firms for its funding agreement-backed notes (FABN) program. Protective selected CastleOak Securities, LP., Loop Capital Markets LLC, Siebert Williams Shank and Stern as active co-managers for the FABN transaction, which totaled $375 million. Citigroup Global Markets Inc., BofA Securities and Wells Fargo Securities were active bookrunners on the transaction. “With an ongoing commitment to diversifying our investor base, Protective is...

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Protective Life Corporation Introduces New Brand Identity, Showcases Commitment as Protectors, Business Wire

BIRMINGHAM, Ala.--( BUSINESS WIRE )--Today Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announces a new brand identity that exemplifies the Company’s 114-year commitment of putting people first, delivering on promises and striving to do more for its customers, business partners, employees and communities. The new brand leverages the potential of Protective’s name and amplifies its purpose – “because we’re all protectors” – and allows its many audiences to see themselves as part of the Protective story. “At our core, there is a protector in each of us. At Protective, we have always believed in helping more people...

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Research on healthy aging flourishes with new partnership between Protective Life Corporation and UAB - News, UAB

In 1988, researchers discovered that a mutation in a tiny worm’s genes could extend its lifespan by 50 percent. In the 33 years since, the study of healthy aging has become one of the most dynamic fields in the scientific world, as researchers translate discoveries from the intensive study of animal biology to the development of new medicines and the implementation of lifestyle changes that can help people live better, as well as longer. Today, the University of Alabama at Birmingham and Protective Life Corporation announce a partnership that will advance the science of healthy aging. Pending approval of the University of Alabama System Board of Trustees, Protective’s $2 million investment...

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Protective Closes Reinsurance Transaction with Great-West, Business Wire

BIRMINGHAM, Ala.--( BUSINESS WIRE )-- 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 was announced on January 24, 2019. The transaction is expected to represent a capital investment by Protective of approximately $1.2 billion and is the company’s largest acquisition to date. The...

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Japan s Dai-ichi Life agrees to buy Protective Life for $5.7 billion , Reuters

TOKYO (Reuters) - Japan’s Dai-ichi Life Insurance Co has agreed to buy U.S. peer Protective Life for $5.7 billion, the largest acquisition by a Japanese insurer, displaying its determination to grow overseas to counter weak prospects at home. Dai-ichi Life, Japan’s second-largest private-sector life insurer, said it will issue up to 250 billion yen ($2.4 billion) in new shares to help finance the widely expected purchase of Protective Life. The Japanese insurer will retain existing management at the Birmingham, Alabama-based target, which booked premiums and policy fees of $2.98 billion and net income of $393 million in 2013. Faced with weak growth prospects at home amid Japan’s ageing...

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Protective Life realigns life insurance distribution organization - NS Insurance

Protective Life Insurance Company has announced a realignment of responsibilities in its life insurance sales organization to enhance the focus and collaboration of its overall sales efforts. The company distributes life insurance products through Protective Life Insurance Company and through its subsidiary, West Coast Life Insurance Company, focusing on sales through independent agents, brokerage general agencies, and through institutions such as broker/dealers and financial institutions. Mark Rush, senior vice president of sales and marketing for West Coast Life, and Jeff Marsh, vice president of institutional life sales for Protective Life, will now be responsible for all life insurance...

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Great-West closes sale of insurance and annuity business, Empower Retirement

Great-West closes sale of insurance and annuity business Great-West Life & Annuity Insurance Company (GWL&A) is announcing that it has completed the sale through reinsurance of substantially all of its individual life insurance and annuity business to Protective Life Insurance Company, the primary subsidiary of Protective Life Corporation (Protective). The sale was previously announced on January 24, 2019. The closing was effective June 1, 2019. The business transferred includes bank-owned and corporate-owned life insurance, single premium life insurance, individual annuities and closed block life insurance and annuities. GWL&A will retain a small block of participating life...

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