Just as individuals or businesses purchase insurance to protect them from the financial consequences of property and liability losses, insurance companies purchase reinsurance to protect them from some of the financial consequences of insuring the loss of others. Reinsurance is very common between insurance companies, and is not usually disclosed to the person or business that is buying the insurance. That’s why many employers and individuals are not aware of the amount of reinsurance that is routinely transacted on a daily basis.
Group Reinsurance Quick Facts
- No. 1 African-American reinsurer of group life benefits with approximately $14 billion of insurance in force
- 27 Corporate Clients among Fortune 500 corporations
- 2 State and local government clients
Atlanta Life Insurance Company can serve as both a minority partner as well as a group reinsurance company.