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  • Western & Southern to Move Lafayette Life

    January 12, 2011 by Ashley Scudder

    Published 1/11/2011

    Western & Southern Financial Group plans to move the main office of its Lafayette Life Insurance Company unit to Cincinnati by June.

    Lafayette Life, a company that writes life and annuity products for individuals and small businesses, has been in Lafayette, Ind., for 105 years.

    Western & Southern, Cincinnati, decided to move the company to make it more competitive, according to Western & Southern Chairman John Barrett.

    “Lafayette Life is a very important, high-performing part of our family of companies,” Barrett says in a statement. “In Cincinnati, we have the capacity and resources to help build on Lafayette Life’s strengths and enhance its support by taking full advantage of our scale through the back-office services we have built.”

    Western & Southern acquired Lafayette Life in 2005.

    Lafayette Life now has about 150 employees in Lafayette. Full-time employees can choose between moving to Cincinnati or taking severance benefits, Western & Southern says.

    After the move, Lafayette Life will keep its name, marketing structure and distribution structure.

    The Lafayette Life Foundation, a foundation affiliated with Lafayette Life, will stay in Lafayette under the leadership of Bill Olds and continue to support causes such as the United Way, Western & Southern says.

    Ashley Scudder

    Originally Posted at National Underwriter on January 11, 2011 by Ashley Scudder.

    Categories: Industry Articles
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