Security Mutual Life Insurance Company of New York

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Security Mutual Life Insurance Company of New York
IndustryInsurance
Founded1886;136 years ago (1886)
Headquarters
Binghamton, New York
,
United States
ProductsLife Insurance, Annuities, Accident and Health
Website www.smlny.com

Security Mutual Life Insurance Company of New York (established in 1886 as Security Mutual Life Association) is a mutual insurance company. It is headquartered in Binghamton, New York, United States. The company includes Security Mutual Life Insurance Company of New York, SML Agency Services, Inc. (SAS), Security Administrators, Inc. (SAI), and Archway Technology Services, Inc. (ATS). [1]

Contents

History

Security Mutual Life Building (1905), a Beaux-Arts landmark by T. I. Lacey & Son Binghamton Security Mutual Building.jpg
Security Mutual Life Building (1905), a Beaux-Arts landmark by T. I. Lacey & Son

Security Mutual Life Insurance Company of New York was originally incorporated as a mutual assessment association under the name Security Mutual Life Association on November 6, 1886 and commenced business on January 3, 1887. On May 31, 1898, the company re-incorporated as Security Mutual Life Insurance Company. It was reorganized on December 28, 1899 as a legal reserve mutual company. Security Mutual Life Insurance Company changed its name to Security Mutual Life Insurance Company of New York in 1960. The Company is a mutual life insurance company owned by its policyholders, and operates primarily in the Northeast United States. [2]

Bruce Boyea was named president and CEO of Security Mutual Life Insurance Company of New York in 1996. In 2019, the company elected Kirk Gravely president, while Boyea remained CEO and chairman. [3]

Security Mutual Life Insurance Company of New York is currently licensed in all 50 states, as well as in the District of Columbia and the U.S. Virgin Islands.

Products

The company sells life insurance, annuities, and accident and health coverage. [4]

See also

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References

  1. ↑ ASUBONTENG, JULIUS. "NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES REPORT ON EXAMINATION OF THE SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK" (PDF). Department of Financial Services of New York. Retrieved 8 February 2021.
  2. ↑ Good, Jeffrey. "NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES REPORT ON EXAMINATION OF THE SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK AS OF DECEMBER 31ST, 2010" (PDF). Department of Financial Services of New York. Retrieved 8 February 2021.
  3. ↑ Reinhardt, Eric. "Security Mutual elects new president, COO; Boyea to remain chairman, CEO". The Central New York Business Journal . Retrieved 8 February 2021.
  4. ↑ "Company Details". Department of Financial Services of New York. Retrieved 8 February 2021.
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