Mony life originated as the mutual life insurance company of new york and was founded there in 1842. On november 16 1998 the mutual life insurance company of new york successfully completed its conversion from a mutual life insurance company to a shareholder owned company the mony group inc.
New York Neon Big Mony
On july 8 2004.
The mutual life insurance company of new york mony. Mutual of new york mony. It played a key role in the development of the us. The company provides life health and disability insurance services as well as offers retirement plan financial security and.
The company operated under the original name until 1998 when it made the change to mony life insurance although the acronym for mutual of new york has been in use for some time. Which was formerly the mutual life insurance company of new york. Although it has been selling conventional whole life policies for more than a century mony has accounted for several.
On july 8 2004 mony group became a wholly owned subsidiary of axa financial. Mony life insurance company had assets of 110 billion at the end of 2005 and net premiums written of 567 million in 2005. Learn more about mutual of new york including ratings company history subsidiaries.
They received a charter from the state of new york on april 12 1842 and opened the doors of the mutual life insurance company of new york for business less than a year later. Monys founders alfred pell who had worked for the mutual safety insurance company and morris robinson a businessman decided in 1841 to form a life insurance company. Mutual of new york insurance company mony is affiliated with mony group a family of companies which became wholly owned subsidiaries of axa financial inc.
History of mony life insurance. The mutual life insurance company of new york mony has been successful for most of its history. Mutual of new york insurance company syracuse ny 13221 4707 800 487 6669.
Mutual of new york insurance company. Mony life insurance company operates as an insurance company.
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