Dec 17, 2021
A.M. Best, a global credit rating agency, has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-“ (Excellent) from “bbb+” (Good) of Guggenheim Life and Annuity Company (“Guggenheim Life”). Read the press release here.
"We are thrilled that A.M. Best has upgraded Guggenheim Life, which recently joined the Group 1001 financial services enterprise,” said Dan Towriss, CEO and President of Group 1001, Guggenheim Life’s parent company. “This upgrade recognizes the success and financial strength of our organization as well as our continued commitment to our business strategy.”
Jan 18, 2022
Group 1001 today announced the appointment of Wall Street leader Bill Shelton to the position of Chief Marketing Officer. Shelton is a financial services veteran with deep expertise in delivering transformational growth and success in both the corporate and start-up sectors. He will report to Group 1001 CEO and Preside...
Sep 17, 2021
Interest in annuities is up and Barron's recently recognized the 100 best for today's market.
Delaware Life's new Accelerator Prime℠ variable annuity with Income Control and Income Boost riders, and its Pinnacle multi-year guaranteed annuity topped key categories in Barron's 2021 "The Best Annui...
Mar 24, 2020
In light of the Coronavirus (COVID-19) outbreak, we want to let you know that Group1001 and our family of insurance businesses are committed to meet the needs of our customers and their financial professionals. With family in mind, we’re putting measures in place to protect the health of our employees, partners, and th...
May 15, 2019
Chicago, IL - Clear Spring Health (“CSH”) is pleased to announce that its acquisition of Community Care Alliance of Illinois, NFP (“CCAI”) has received regulatory approval from Illinois regulators, the supervising Circuit Court, and federal regulators. The acquisition ensures continuing coverage and service to all CCAI...
Apr 4, 2019
Chicago, IL – Clear Spring Health (“CSH”) is pleased to announce an agreement in principle to acquire and re-capitalize Community Care Alliance of Illinois, NFP (“CCAI”) out of rehabilitation. Once completed, this proposed agreement will ensure continuing coverage and service to all CCAI policyholders.
CSH is committed...
Apr 1, 2019
Today, GROUP1001 has received formal regulatory approval to complete the acquisition of Lackawanna Casualty Company and its wholly-owned subsidiaries, Lackawanna American Insurance Company and Lackawanna National Insurance Company, together known as “Lackawanna ...
Nov 15, 2018
Press Release - Wilkes-Barre, PA
Group1001 announced today it will acquire 100% of Lackawanna Casualty Company and its wholly-owned subsidiaries, Lackawanna American Insurance Company and Lackawanna National Insurance Company, together known as “Lackawanna Insurance Group.”
Lackawanna is currently the 7th largest writer ...
Oct 24, 2018
Introducing a New Financial Product to Reward Smart Spending Habits with Incredible Cash-Back
Group1001 has unveiled today Relay®, a revolutionary financial product that rewards goal-oriented consumers with incredible cash-back on everyday expenses. Relay’s bold new insurtech offering couples an immediate annuity, issue...
Sep 30, 2018
Consumers are much more informed and no longer as open to being sold. We believe that education and youth sports have the power to transform lives and communities.
September 30, 2018
Sep 5, 2018
Group1001 was launched today as a newly rebranded insurance group in the United States. The group is a privately-owned insurance business with approximately 340,000 policyholders and $37 billion in assets. The rebranded group includes Delaware Life Insurance Company and Delaware Life Insurance Company of N...