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Global Atlantic Financial Group

Global Atlantic Financial Group Ratings & Company Profile

Global Atlantic Financial Group was founded by Goldman Sachs in 2004 and in 2013 Global Atlantic Financial Group separated as an independent, privately held company. As of March 31, 2020 they grown their assets to just under $90 Billion – up from just $13 Billion since their 2004 Inception at Goldman.

Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited. Each subsidiary is responsible for its own financial and contractual obligations.

This company has brought together leaders with deep experience at all levels of the organization – gained both at predecessor companies (namely Goldman Sachs) and throughout the industry. With a deep product and distribution knowledge in addition to leading investment and risk management capabilities, Global Atlantic Financial Group has climbed among the top 20 comparable US Life Insurance Companies.

Global Atlantic Financial Group's Reinsurance Business

Global Atlantic Financial Group provides custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies around the world. Global Atlantic has further evidences in its position as a leading reinsurance franchise in the U.S. life and annuity marketplace after a press release two weeks ago.

In a October 26th, 2020 press release, Global Atlantic announced an Annuity Reinsurance Transaction With Great American Life Insurance Company. 

After the execution of this $5.7 billion fixed and fixed-indexed annuity reinsurance transaction with American Financial Group’s affiliate, Great American Life Insurance Company (“Great American”) Global Atlantic will have reinsured approximately $40 billion of assets since its inception in 2004.

Global Atlantic Financial Group Ratings

A
Excellent

A.M. Best
(3rd of 13 Possible )

A3
Positive

Moody's
(7th of 21 Possible)

A-
Stable

Standard & Poor's
(7th of 21 Possible)

75
Out of 100

Comdex Score
(Percentile of Companies)

Global Atlantic Financial Group Contact Information:

Financial Advisors

Phone: (877) 454-4777

Monday-Friday, 8:00am – 6:00pm EST

Mailing Address:
Global Atlantic
One Financial Plaza
755 Main Street, 24th Floor
Hartford, CT 06103

 

Annuity Customers:

Phone: (866) 645-2449
Monday-Friday, 8:30am – 6:00pm EST

(Global Atlantic’s Website Advises Policyholders to have your Contract number when calling; this is a 9- or 10-digit number) 

 

Company Leadership:

Allan LevineChairman & Chief Executive Officer

Allan Levine, Chairman and Chief Executive Officer, is the co-founder of Global Atlantic Financial Group. Previously he served as the CEO for the Goldman Sachs Reinsurance Group (GSRG), which became Global Atlantic upon separation from Goldman Sachs in 2013. 

His vision and strategic direction have guided the company from inception into a leader in the U.S. retirement and life insurance market. Prior to founding GSRG and assuming his current role, Allan was co-head of Goldman Sachs’ Firmwide Strategy Group. He joined Goldman Sachs in 1997 and was named managing director in 2002 and partner in 2006.

Rob Arena, President

As President of Global Atlantic Financial Group, Rob is highly engaged in the day-to-day management of the business and the company’s overall strategy. Rob has oversight over the company’s individual retirement and life insurance businesses, marketing, operations, and technology. 

He has more than 25 years of experience in the financial services industry, including leadership of The Hartford’s annuity business and President, Hartford Mutual Funds. Previously, he served as Senior Vice President for American Skandia/Prudential Annuities.

Anup Agarwal, Chief Investment Officer

Anup oversees Global Atlantic’s Investment Office, which includes corporate credit, structured products, commercial real estate, operating assets, and private equity investments. He has more than 20 years of experience leading investment and research teams. Previously, Anup was Head of Residential, Commercial and Consumer Loans and Securities at Western Asset Management Company (WAMCO).

Paula Nelson, President, Retirement (Annuity Division)

Paula joined Global Atlantic from Forethought. Previously, she had served as Chief Executive Officer and President of Transamerica Capital, Inc. and Managing Director for AEGON Financial Services Group, Inc., where she was responsible for business development with AEGON’s top institutional business partners in the United States.

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Annuities are distributed by My Annuity Store, Inc. Guarantees are subject to the claims-paying ability of the insurer. My Annuity Store, Inc. does not advise clients on the purchase of non-fixed annuity products. The information presented here is not intended to be a recommendation to purchase a fixed annuity (MYGA), fixed index annuity(FIA), variable annuity (VA), registered index linked annuity (RILA), immediate annuity (SPIA), longevity annuity, or Qualified Longevity Annuity Contract (QLAC). 

The contract features described may not be current and may not apply in the state in which you reside. Insurance companies often issue contracts which are ‘state-specific’. Insurance companies also change their products and information often and without notice. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. Please call (855) 583-1104 if you have any questions or concerns. 

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