HOUSTON, TX – August 13, 2026 (STL.News) The Manhattan Life Insurance Company (MHL) has acquired Union Security Life Insurance Company of New York from Assurant Inc., expanding ManhattanLife’s presence in New York and giving the insurer a second charter in the state.
MHL announced the transaction Thursday, although the acquisition was completed in March 2026. The company said the public announcement followed completion of a regulatory review process concerning communications about the transaction.
Financial terms of the acquisition were not disclosed in the announcement.
The transaction adds another insurance operation to a company that has used acquisitions as a significant part of its long-term expansion strategy. ManhattanLife said it has completed more than 100 company and insurance-block acquisitions over its history.
Acquisition Expands ManhattanLife in New York
Union Security Life Insurance Company of New York was founded in 1971 and offers life insurance, annuities, and accident and health insurance products in New York.
The acquisition is particularly significant for ManhattanLife because Union Security represents its second charter in the state.
MHL Chairman and CEO David Harris described the additional New York charter as an important milestone for the organization and linked the transaction to the insurer’s financial stability and long-term commitment to policyholders.
New York is one of the country’s largest and most closely regulated insurance markets, making an additional state-chartered insurance operation potentially valuable as ManhattanLife works to broaden its reach.
MHL said it is bringing a dedicated operations team and its systems to Union Security. The company’s service model also provides customers with access to live customer support.
ManhattanLife Continues Acquisition Strategy
The Union Security deal fits within a much broader acquisition strategy pursued by ManhattanLife.
Founded in 1850, MHL is one of the country’s longstanding privately held insurance organizations. Its products span individual life and health insurance, employer group benefits and annuities.
The company says it has completed more than 100 company and block acquisitions, demonstrating how acquisitions have become an established part of its growth strategy rather than an occasional expansion tool.
Tyler Harris, president of MHL, said the Union Security transaction reinforces that strategy and the company’s continued participation in the insurance acquisition market.
“The acquisition of Union Security reinforces MHL’s ongoing growth strategy,” Harris said in the company’s announcement.
MHL’s current leadership includes David Harris as chairman and CEO and Tyler Harris as president of The Manhattan Life Insurance Company and ManhattanLife Insurance and Annuity Company, according to the company’s leadership information.
What Union Security Adds
Union Security’s importance to ManhattanLife extends beyond simply adding another insurance company to the organization.
Because Union Security is licensed to provide insurance products in New York, the acquisition strengthens ManhattanLife’s structural presence in the state. Its business includes life insurance, annuities, and accident and health products.
The acquisition also gives ManhattanLife an existing New York insurance operation rather than requiring the company to build an entirely new platform from the ground up.
For existing Union Security policyholders, the most immediate consideration is how policies and customer service will be administered under the new ownership. ManhattanLife emphasized its operations infrastructure and access to live customer support when announcing the acquisition.
The announcement did not identify any immediate changes to existing policy terms or provide details about significant changes to Union Security’s product lineup.
ManhattanLife Builds on More Than 175 Years
ManhattanLife traces its history to 1850, giving the organization more than 175 years in the U.S. insurance industry.
Today, the ManhattanLife brand offers insurance and annuity products addressing different stages of consumers’ financial and insurance needs, including life and health coverage, employer benefits and retirement-oriented annuity products. The company’s website currently highlights products including accident and dental insurance, Medicare Supplement coverage and annuities.
That long history has been accompanied by repeated acquisitions and expansion into different insurance businesses.
The Union Security transaction represents another step in that strategy, but it is notable because of the New York charter attached to the acquired company.
David Harris said obtaining the second charter represents a significant milestone for ManhattanLife and reflects the company’s continuing commitment to operating in the state.
Regulatory Review Preceded Public Announcement
The timing of Thursday’s announcement differs from the closing date of the transaction.
ManhattanLife said it completed the acquisition from Assurant in March 2026. The company waited to publicly announce the acquisition until after completion of the regulatory review process for communications concerning the transaction.
That distinction is important: the Aug. 13 announcement does not represent the closing date. Ownership had already transferred months earlier.
Public corporate records from April also identified Union Security as a wholly owned subsidiary of The Manhattan Life Insurance Company, providing additional confirmation that the ownership change had already occurred before Thursday’s public announcement.
Neither ManhattanLife’s announcement nor the available disclosure provided a purchase price for the transaction.
Insurance Consolidation Remains Part of Growth Strategy
Acquisitions of insurance companies and existing policy blocks can allow insurers to increase scale, add customers and expand into markets without relying exclusively on organic sales.
For ManhattanLife, the Union Security acquisition appears consistent with an established model.
The company is emphasizing three aspects of the deal: its additional New York charter, its ability to integrate acquired insurance businesses and its intention to remain an active participant in future acquisition opportunities.
The company operates across individual life and health insurance, employer group benefits and annuities, providing a diversified base from which it can integrate additional insurance businesses.
The Union Security transaction adds another component to that platform while strengthening ManhattanLife’s position in New York.
What Comes Next for ManhattanLife
Attention now turns to integrating and operating Union Security under ManhattanLife ownership.
The company has not announced additional transactions in connection with Thursday’s disclosure, but management’s comments make clear that acquisitions remain part of its broader growth strategy.
For Union Security policyholders, the acquisition places their insurer within a larger organization with a history of buying and managing insurance companies and blocks of business.
For ManhattanLife, the transaction provides something potentially more strategically important: another established insurance charter in New York and a larger foundation for operating in one of the nation’s most significant insurance markets.
With more than 100 company and block acquisitions already completed, the Union Security deal adds to a decades-long expansion strategy that ManhattanLife says it intends to continue.
