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NEW ENGLAND LIFE INSURANCE CO history
NEW ENGLAND LIFE INSURANCE CO company history timeline
In 1981 Ted Phillips became chief executive and chairman.
NEL purchased Covenant Life Insurance, in 1981, in order to have a stock subsidiary available in planning for the future.
In 1982 NEL mutual funds had substantial assets.
By 1983, after 15 years, assets of Loomis had grown to $12 billion.
In 1983 variable life was introduced, with investment options in stocks, long-term bonds, or money-market instruments.
NEL showed its first loss in 1985, an $11.8 million operating loss.
In 1986, however, a $6.5 million operating gain, made possible by a $38 million tax break, appeared as a hefty $177 million gain.
The company in 1989 had total assets of $16.75 billion with $77.4 billion of insurance in force.
Kamen, a slightly built, sometimes self-effacing lawyer who became Met Life's chief executive in early 1993.
New England Mutual Life Insurance Company lives on as part of MetLife which acquired the company in 1996.
London ; Brookfield, Vt. : Pickering & Chatto, 2000.
Clark, NJ : Lawbook Exchange, 2009. (reprint) //lccn.loc.gov/99059012 History of insurance / edited by David Jenkins and Takau Yoneyama.
London : Pickering & Chatto, 2010.
Wilmer Rowe June 17, 2013 at 3:58 pm Does a copy of Daniel Webster’s insurance policy still exist.
John Palamountain January 5, 2018 at 11:04 pm Just on the off chance you actually still monitor this, can you recommend some good general readings on the history of life insurance?
"New England Mutual Life Insurance Company ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/new-england-mutual-life-insurance-company
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NEW ENGLAND LIFE INSURANCE CO competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Applied Underwriters | 1994 | $360.0M | 500 | 43 |
| Empower Retirement | 1907 | $2.8B | 3,300 | 131 |
| Seibels | 1869 | $21.4M | 264 | - |
| Sun Life of Canada | 1997 | $843.7M | 2,591 | 44 |
| TWG Holdings, Inc. | - | $1.3B | 2,300 | 11 |
| Hamilton Insurance Group | 1992 | $1.6M | 30 | - |
| Molton, Allen & Williams, LLC | 1886 | $33.0M | 50 | - |
| Connecticut Guaranty Assoc | 1972 | $290,000 | 5 | - |
| John Hancock | 1862 | $31.0M | 6,700 | 72 |
| North Carolina Mutual Life Insurance | 1898 | $44.0M | 50 | - |
NEW ENGLAND LIFE INSURANCE CO history FAQs
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NEW ENGLAND LIFE INSURANCE CO may also be known as or be related to New England Life Insurance Company and NEW ENGLAND LIFE INSURANCE CO.