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Who bought the Mutual Life Insurance Company of New York?

The Mutual Life Insurance Company of New York (also known as Mutual of New York or MONY) was the oldest continuous writer of insurance policies in the United States. Incorporated in 1842, it was headquartered at 1740 Broadway, before becoming a wholly owned subsidiaries of AXA Financial, Inc. in 2004.

Who owns the Mutual Group?

A mutual insurance company is an insurance company that is owned by policyholders. The sole purpose of a mutual insurance company is to provide insurance coverage for its members and policyholders, and its members are given the right to select management.

What happened to MONY insurance com?

In 2013, Protective Life bought MONY Life Insurance Company as well as a block of policies written by the subsidiary, which still remains under the ownership of AXA. Protective has reinsured those policies and taken over the administration. All MONY customers are directed to the Protective Life site.

Who owns the Mutual Life Insurance Company of New York?

Mutual Life Insurance Company of New York, later Mutual of New York (MONY), and now part of AXA. New England Mutual Life Insurance Company, acquired by MetLife in 1995.

Did New York Life change their name?

Group Life and Disability Business Rebranded New York Life Group Benefit Solutions. NEW YORK, December 31, 2020 - New York Life, America's largest mutual life insurer1, today announced the completion of the company's acquisition of Cigna's group life, accident, and disability insurance business.

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