Scale and resources of Forethought, Global Atlantic merger create greater opportunity

The previously announced acquisition of Forethought Financial Group by Global Atlantic Financial Group Limited was finalized on January 2, 2014. Forethought, now a subsidiary of Global Atlantic, will continue as a retail brand, offering annuities and preneed insurance products. With greater resources and scale, Forethought and Global Atlantic are well positioned to pursue leadership positions in these markets.
 
Forethought and the recently acquired Accordia Life, formerly the Aviva USA life business, now form the foundation for Global Atlantic’s growing retail franchise, which joins a leading reinsurance business to create a more diverse and balanced organization. Forethought’s preneed line brings an additional dimension to our life insurance portfolio, and the annuity platform delivers broader product and distribution capabilities for the growing retiree demographic.
 
You can expect consistency in your established sales process. All contact information and existing sales relationships remain in place, and all currently-sold products remain available. In addition, this is also a seamless transaction for clients who already own a Forethought product. There are no changes to where and how the business is serviced.
 
In short, it’s business as usual for our distribution partners. We looking forward to the opportunity to continue helping you grow your business while addressing your clients’ financial needs.
 
Global Atlantic, a multiline insurance and reinsurance company, was founded at Goldman Sachs in 2004 and separated as independent company in April of 2013. In less than a decade, Global Atlantic has established itself as an innovative insurance and reinsurance provider. Global Atlantic’s success is driven by experienced leadership, a long-term focus on clients, financial discipline and a culture that emphasizes teamwork, innovation and excellence.
 
For more on the completion of this highly complementary transaction, please read the press release here

 

Annuities are issued by Forethought Life Insurance Company. Variable annuities are underwritten and distributed by Forethought Distributors, LLC.

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