Printer Friendly

FIRST DELAWARE LIFE INSURANCE COMPANY MOVES HEADQUARTERS TO DELAWARE

FIRST DELAWARE LIFE INSURANCE COMPANY MOVES HEADQUARTERS TO DELAWARE
 DOVER, Del., June 17 /PRNewswire/ -- First Delaware Life Insurance Company has moved from Los Angeles and has established full operational capacity in Wilmington, Del., according to Ira L. Gottshall, president and chief executive officer of First Delaware Life, and David N. Levinson, Delaware insurance commissioner.
 First Delaware Life has also shifted services, such as printing and microfilm services, to Delaware companies. The company has now shifted virtually all of its operational functions to the Delaware office, and plans to have every function located in Delaware within the next three months.
 First Delaware Life Insurance Company already has 20 employees located in Delaware. Gottshall said he plans to relocate to Delaware within the next two months. Three company officers are now located in the Wilmington office. The company also contracts out work on the local level, and said it plans to do more in the future. First Delaware Life said it expects continued future growth in tandem with new market opportunities.
 Levinson, when asked to comment on the company's relocation to Delaware, stated, "The location of headquarters of Delaware domiciled insurance companies is critical to the future economic health of our state. I am delighted to welcome First Delaware to Wilmington and wish them continued growth and prosperity."
 Commenting on the company's recent move to Delaware, Gottshall said, "We appreciate all the assistance we received from Commissioner Levinson and from the Delaware Insurance Department in assisting our move to Delaware and developing our plans for future growth."
 First Delaware Life Insurance Company markets interest sensitive whole life, universal life, term life and annuities.
 First Delaware Life Insurance Company is located at Three Christina Centre, Suite 1004, 201 N. Walnut St. in Wilmington.
 -0- 6/17/92
 /CONTACT: Ira L. Gottshall, president and CEO of First Delaware Life, 302-429-4900, or Beverly Moyer-Sisson of the Delaware Department of Insurance, 302-739-4251/ CO: First Delaware Life Insurance Company; Delaware Department of
 Insurance ST: Delaware IN: INS SU:


MK-MP -- PH004 -- 0975 06/17/92 09:59 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 17, 1992
Words:340
Previous Article:XEROX ELECTS TWO EXECUTIVES CORPORATE VICE PRESIDENTS
Next Article:IMMUNOGEN EXPANDS MANAGEMENT TEAM: DONALD J. MCCARREN NAMED PRESIDENT AND CHIEF OPERATING OFFICER
Topics:


Related Articles
INSURANCE COMMISSIONER LEVINSON LICENSES THREE INSURANCE COMPANIES OWNED BY BANKS UNDER DELAWARE'S 1989 BANK AND TRUST COMPANY INSURANCE ACT
DELAWARE INSURANCE COMMISSIONER ISSUES STATEMENT
DELAWARE INSURANCE COMMISSIONER PAYS CLAIMS OF APEX POLICYHOLDERS
DELAWARE INSURANCE DEPARTMENT ENACTS RESTRICTIONS ON AUTO SURCHARGES
DELAWARE INSURANCE COMMISSIONER: ORDER OF LIQUIDATION ISSUED AGAINST INTERNATIONAL UNDERWRITERS INSURANCE COMPANY
DELAWARE INSURANCE COMMISSIONER WILLIAMS ANNOUNCES ACQUISITION OF TWO NEW DELAWARE CAPTIVE INSURANCE COMPANIES
BLUE CROSS AND BLUE SHIELD OF NEW JERSEY AND BLUE CROSS BLUE SHIELD OF DELAWARE ANNOUNCE CONSOLIDATION
Best's Rating Changes. (Ratings).
Best's rating changes.
Delaware Agency Appointed to Represent The Cincinnati Insurance Company.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters