Accordia Life Launches New Life Insurance Business

Experienced leadership and proven product designs to drive business

Business Wire

DES MOINES, Iowa--(BUSINESS WIRE)--

Today, Accordia Life announces the launch of its Des Moines-based life insurance company focused on delivering competitive life insurance solutions through its network of seasoned distribution partners and life insurance professionals.

Accordia Life launches with a suite of products, including indexed universal life, universal life and term insurance. These products are designed to help meet the protection, wealth transfer and small business needs of customers throughout the United States.

“Today we are pleased to introduce Accordia Life to the life insurance industry,” said Michael Miller, President of Accordia Life. “We are building an innovative new life insurance company, leveraging the talents of our seasoned industry professionals and our expertise in indexed universal life. We look forward to delivering outstanding results to our distribution partners and clients.”

With more than 200 seasoned life insurance employees dedicated to delivering the most compelling products to market, Accordia Life brings in-depth knowledge of product, underwriting, operations, sales and marketing to create an agile, innovative organization built on best practices. Steve Hinrichs, Senior Vice President, Sales, will lead distribution efforts through a national network of career and independent life insurance marketing organizations, bringing over 30 years of industry experience to the role.

Accordia Life is a subsidiary of Global Atlantic Financial Group Limited (Global Atlantic). In 2013, Global Atlantic acquired the Aviva USA life division, which it then incorporated as Accordia Life. The Accordia Life business is built on a foundation of seasoned industry talent, risk management expertise and proven product designs.

Accordia Life and Forethought Life Insurance Company form Global Atlantic’s primary insurance sales operations, offering annuities, life insurance and preneed life insurance.

About Global Atlantic Financial Group Limited

Global Atlantic Financial Group Limited, a multi-line insurance and reinsurance company, was founded at Goldman Sachs in 2004 and separated as an independent company in April of 2013. In less than a decade, Global Atlantic has established itself as an innovative insurance provider. The combined organization has over $30 billion in assets and 10 offices. Global Atlantic’s success is driven by experienced leadership, a long-term focus on policyholders, financial discipline and a culture that emphasizes teamwork, innovation and excellence.

Contact:
Global Atlantic Financial Group Limited
Jennifer Cohen, 212-389-2280
Investor Relations
Jennifer.Cohen@gafg.com

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