Galveston, TX – March 19, 2010 - American National Insurance Company of Galveston,
Texas is pleased to announce the formation of a new subsidiary, American National Life
Insurance Company of New York, with headquarters in Glenmont, New York. The
company was incorporated under the laws of New York on October 15, 2009 and received
its license from New York to sell life insurance, accident and health insurance and
annuities on March 17, 2010.
American National Life Insurance Company of New York is part of American National
Insurance Company’s expanding marketing operations. According to Jim Pozzi, President
and Chief Operating Officer of American National Life Insurance Company of New York,
“Our new subsidiary will create a marketing opportunity to introduce our portfolio of fixed
annuities to New York residents, and as we further develop our product offerings, we will
expand into direct marketing and other areas.”
David Behrens, Senior Vice President of Marketing for American National Life Insurance
Company of New York, is excited about the marketing opportunities. “With a distribution
that includes brokerage, banks, broker dealers, and career agents, we are poised to
market our fixed annuities to the broadest possible range of New York residents. Looking
ahead, our plans include expansion into life and pension sales, through both agent
marketing and direct marketing to consumers.”
Our Farm Family Life Insurance Company products and operations will continue
unchanged in New York and other Northeastern states.
American National Insurance Company welcomes the addition of American National Life
Insurance Company of New York into its family of companies, which also includes
American National Life Insurance Company of Texas, Standard Life and Accident
Insurance Company, Garden State Life Insurance Company, American National Property
and Casualty Company, Farm Family Life Insurance Company, Farm Family Casualty
Insurance Company and United Farm Family Insurance Company. The American
National family of companies offers a broad line of products and services, which includes
life insurance, annuities, health insurance, credit insurance, pension plan services and
property and casualty insurance for personal lines, agribusiness, and targeted commercial
exposures.
Chartered in 1905, American National Insurance Company is headquartered in Galveston,
Texas. American National Insurance Company has evolved into an industry leader,
ranking among the largest of life insurance companies in the United States, with over
$20.1 billion in assets. American National Insurance Company is rated A (Excellent) by
A.M. Best Company, and AA- (Very Strong) by Standard & Poor’s.
For additional information, including company news and investor relations information,
visit www.anico.com.