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Article: Colonial Penn Group Inc. acquires Colonial Penn Annuity and Life Insurance Co. from Mutual Life Insurance Company of New York.
- Article from:
- PR Newswire
- Article date:
- January 18, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLONIAL PENN GROUP INC. ACQUIRES COLONIAL PENN ANNUITY AND LIFE
INSURANCE CO. FROM MUTUAL LIFE INSURANCE COMPANY OF NEW YORK
PHILADELPHIA, Jan. 18 /PRNewswire/ -- Delaware Insurance Commissioner David N. Levinson and Douglas B. Pierce, executive vice president, Colonial Penn Group Inc., today announced the acquisition of Colonial Penn Annuity and Life Insurance Co. (CPAL) from the Mutual Life Insurance Company of New York and its relocation from the New York Metropolitan area to New Castle County, Del.
"Colonial Penn plans to utilize CPAL to market a new line of interest-sensitive life insurance products. The administrative operations ...