X
GO

National Guardian Life Insurance Company and Insurance Capital Group launch strategic partnership

Creation of BrightBenefits and investment in Commercial Travelers to be initial transactions

A new strategic partnership was launched by NGL and New York-based Insurance Capital Group (ICG), the leading strategic investor in the mutual insurance industry. NGL and ICG, through its Federal Life Group, Inc. affiliate, have jointly developed and launched a national dental and vision insurance business called BrightBenefits, which will be led by insurance industry veteran Danny Bentley. BrightBenefits policies will be issued by Commercial Travelers Insurance Company, an A.M. Best A- (Excellent) rated affiliate of NGL, in which Federal Life will make a significant equity investment, subject to receiving regulatory approval.

NGL transfers student and special risk division administration to Wellfleet

“Entering into this agreement with Wellfleet will allow us to streamline product offerings and give our talented employees the ability to dedicate the resources needed for growth in these product lines. NGL is evolving as it looks toward the future and focuses on the best interests of policyholders, agents, partners and our employees,” said Knut A. Olson, President & CEO of NGL.

In the News