Gerber Life Insurance Company
The Gerber Life Insurance Company was formed in 1967 as a subsidiary of the Gerber Products Company, which itself is a subsidiary of Nestlé, in Fremont, Michigan.[1] Gerber Life provides juvenile and family life insurance products to middle-income families along with medical insurance to small- and medium-sized businesses.[2]
| Private (Subsidiary of Gerber Products Company, which is a subsidiary of Nestlé) | |
| Industry | Life Insurance |
| Founded | 1967 Fremont, Michigan, U.S. |
| Headquarters | White Plains, New York, U.S. |
Number of employees | 500 |
| Parent | Gerber Products Company, Nestlé |
| Website | gerberlife |
History
Gerber Life is headquartered in White Plains, New York and has an operation center in Fremont, Michigan.[3] The company has $52 billion of life insurance in force with 3.6 million policies for individuals throughout the United States, Puerto Rico, and Canada.[4][2]
In 2007, Nestle acquired the company.[2]
Nestle announced on September 17, 2018 that it would be selling the Gerber Life Insurance Company to Western & Southern Financial Group for $1.55 billion.[5]
References
- ↑ "Gerber Life Insurance Company: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-11-16.
- ↑ 2.0 2.1 2.2 Caproni, Erin (September 17, 2018). "Western & Southern to make $1.5B acquisition". Cincinnati Business Courier. Retrieved 16 October 2018.
- ↑ http://www.gerberlife.com/gl/view/index.jsp#product1 Archived 2010-11-01 at the Wayback Machine.
- ↑ Iacurci, Greg (September 18, 2018). "Western & Southern buys Gerber Life Insurance in $1.55 billion deal". Investment News. Retrieved 16 October 2018.
- ↑ Scism, Leslie; Barba, Robert (17 September 2018). "Nestlé to Sell Gerber Life Insurance to Western & Southern Financial" – via www.wsj.com.
