The Manhattan Life Insurance Company has completed its acquisition of Union Security Life Insurance Company of New York. The Manhattan Life Insurance Company acquisition took place in March 2026. The company acquired Union Security Life from Assurant, Inc.
The transaction followed the required regulatory review process. ManhattanLife has now publicly announced the completed acquisition. The announcement comes after regulatory clearance for public communications.
Union Security Life has been providing service to New York customers since 1971. The company offers policyholders access to a range of insurance products. It offers life insurance, annuities and accident and health products.The deal will expand ManhattanLife’s footprint in the New York insurance market. It will also be the company’s second state charter.This will allow ManhattanLife to expand its current reach in New York. The move also fits into the company’s broader growth strategy. The acquisition also points to ManhattanLife’s ongoing growth in the insurance market.
“This acquisition underscores ManhattanLife’s proven ability to successfully execute transactions and operate effectively,” said David Harris, Chief Executive Officer and Chairman of ManhattanLife. “Earning our second charter in the State of New York is a significant milestone that reflects the State’s continued confidence in ManhattanLife’s financial stability and long-term commitment to policyholders.”
Expanded Operations and Customer Support
ManhattanLife will bring its dedicated operations team to Union Security. The company will also introduce sophisticated systems to support the business.
In addition, Union Security will become part of ManhattanLife’s broader service model. The approach is intended to build operational capabilities across the acquired business. It enables the continuation of service delivery to existing customers.In addition, the combination will give Union Security access to ManhattanLife’s operational resources. This combination can help support customers across the company’s portfolio of insurance.
The acquisition also strengthens ManhattanLife’s position in the New York insurance market. The company continues to seek opportunities that enhance long-term growth of the business.Another example of the company’s focus on strategic transactions is the purchase of the Manhattan Life Insurance Company. ManhattanLife continues to assess opportunities to grow its market presence.
The company expects its expanded presence to support its partners and policyholders. Meanwhile, its second New York charter marks an important milestone.
ManhattanLife Continues Strategic Growth
ManhattanLife President Tyler Harris highlighted the importance of the transaction. He said the acquisition aligns with the company’s ongoing growth strategy.
“The acquisition of Union Security reinforces ManhattanLife’s ongoing growth strategy and demonstrates that we remain an active, trusted participant in the market continuing to make strategic acquisitions, expand our reach, and strengthen the value we deliver to our partners and policyholders,” said Tyler Harris, President of ManhattanLife.
The latest transaction adds another step to ManhattanLife’s expansion efforts. It also demonstrates the company’s continued participation in the insurance acquisition market.
The acquisition adds another New York charter, expanding ManhattanLife’s footprint. The company will continue to service policyholders through its existing insurance business.
In general the deal strengthens ManhattanLife’s position in the insurance industry. It also supports the company’s long-term strategy for sustainable development. The purchase of Manhattan Life Insurance Company is another example of the company’s strategic growth focus. The deal also strengthens its capacity to serve partners and policyholders.
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News Source: Businesswire.com
