Through contracted general agents and wholesalers, we provide flexible, broad and competitively-priced products. Northfield Contract Binding has a broad risk appetite offering coverage on a monoline and package basis for more than 1, classes of business.
We provide our general agents with delegated underwriting authority and a sophisticated rate, quote, bind and issue platform incorporating advanced Web Services capabilities. Northfield Brokerage Solutions is an individual-account underwriting group that focuses on larger and more complex risks that fall outside of Contract Binding authority.
Coverage is provided on either a monoline or package basis when applicable. The Travelers Indemnity Company of Connecticut.
Travelers Property Casualty Company of America. The Premier Insurance Company of Massachusetts. The Travelers Lloyds Insurance Company. Travelers Marine, LLC. TPC U. TravCo Insurance Company. Travelers Commercial Casualty Company. This rating is considered above average for the industry. Since MetLife policies are only offered through participating workplaces, policies regarding cancellation and premiums may vary. In general, term life policies can be canceled at any time without penalty.
Since these policies do not build up a cash value over time, any premiums paid into the coverage are simply lost when the policy ends. Universal life policies do accumulate a cash value, however. Policyholders who cancel their coverage may be entitled to that cash value, minus any applicable surrender fees.
Employer-sponsored coverage will vary in cost according to the coverage options available and the workplace demographics as a whole. Generally, premiums on workplace policies are impacted by factors such as age, gender, and the level of coverage purchased. Term life coverage is usually more affordable than permanent coverage, such as universal life policies, and adding riders or supplemental coverage may increase your premiums further.
Though individual factors have less of an impact on premiums when it comes to workplace policies versus personal policies , gender can still affect the price.
Non-binary and transgender applicants are welcome to buy coverage, but will generally need to select their assigned gender at birth when applying. Prudential Financial is a top life insurance company , also boasting a long history that dates back to the s. Prudential, however, pulls ahead pretty quickly from there. While MetLife only offers workplace coverage, Prudential also sells directly to consumers. Prudential also offers instant online quotes for term life policies.
MetLife has no online quote options, and pricing has to be obtained by benefits administrators at each workplace. Since being acquired by MetLife in , Travelers Life and Annuity no longer issues its own life insurance policies. The company, which is not affiliated with Travelers Insurance, offers group life insurance coverage to participating workplaces, via MetLife.
In order to provide readers with the most accurate, informative, and complete reviews, we employ a comprehensive methodology process. We also look at factors such as pricing, customer service responsiveness, and consumer complaints.
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At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. Shortly after the Minet acquisition, The St. Paul established St. Paul U. On May 1, , Haugh retired and was replaced by The St. Leatherdale, who continued the company's strategy for an increasing presence in the European market. Paul's European market. After two and a half bitter years of litigation and regulatory oversight, The St.
Paul in mid successfully ended an attempted hostile takeover by Alleghany Corporation. In May The St. Paul with a 74 percent stake which increased to 77 percent by mid Paul as a whole did not fare as well. Paul launched a restructuring of its U.
Paul Fire and Marine Insurance , partly in response to the losses of the previous year. Nearly two dozen departments were streamlined into three new entities: St. Paul Specialty, which housed such niche underwriting operations as medical services; St. Paul Commercial, responsible for midsized commercial customers. In August the St. With no repeat of the spate of catastrophic storms, The St. In July of that year, St. Paul Fire and Marine strengthened its position in the small to midsized commercial underwriting market with the purchase of Northbrook Holdings, Inc.
Then in December The St. Paul decided to sell its loss-making Minet Group, finally unloading it in May to the insurance brokerage firm Aon, based in Chicago. Paul International Underwriting, the underwriter of non-U. In the rapidly consolidating insurance industry of the s, The St. Paul Companies continued to be on the side of the acquirers. Paul propelled itself from the 13th to the eighth largest property and casualty insurer in the nation.
The companies' operations meshed well geographically, with The St. Paul launched an month plan to slash 2, jobs from the combined workforce. In the wake of these results, Leatherdale elected to focus the company on the more profitable commercial side of its business, and more specifically the specialty commercial sector, jettisoning several individual insurance units over a two-year period. In the meantime, The St. MMI, based in Deerfield, Illinois, specialized in services for the healthcare industry, including clinical risk management, operational-consulting services, and insurance and reinsurance in the United States and London.
Later in The St. In what turned out to be the final deal of the Leatherdale era, The St. Fishman was brought onboard as chairman and CEO, succeeding Leatherdale. Fishman quickly put his stamp on The St. In a reversal of one of his predecessor's moves, The St. The company also substantially reduced its international operations, retaining only its businesses in the United Kingdom, Canada, and Mexico, and in December began a gradual pullout from medical-malpractice insurance, a business in which it was paying out more in claims than it was collecting in premiums.
In reinsurance, the company narrowed the types of reinsurance it offered and then converted the remaining reinsurance operation into a separate Bermuda company with The St.
Paul as a major investor. Fishman also slashed about 1, jobs from the workforce. On the downside, The St.
Announced in November and completed in April , the deal created the second biggest commercial property and casualty insurer in the United States, trailing only American International Group, Inc. It also brought homeowners and auto insurance back into The St. Paul fold and combined Travelers' more extensive general commercial lines with The St. Paul's stronger specialty insurance business. Upon the deal's completion The St. Paul changed its name to The St.
Lipp, head of Travelers. In late Fishman succeeded Lipp as chairman. As St. The company also lost some commercial business as independent agents who had been selling products of The St. Paul chafed at the more stringent underwriting policies and sales practices of Travelers.
Paul Travelers. In the combination of catastrophic claims and special charges was even higher than the previous year. Needing to raise cash, St. Coupled with improving performance in the company's core operations, the Nuveen divestment helped St.
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