BIRMINGHAM, Ala. - First Protective Insurance Group, Inc., a subsidiary of Protective Life Corporation, today announced its purchase of the assets of The MacNamee Group, a West Chester, Pennsylvania-based brokerage agency founded in 1982 that specializes in life insurance, long term care and annuities.
The purchase will allow The MacNamee Group’s producers to access a broader range of risk management product lines and leverage expanded sales, technology and marketing resources through First Protective.
“We are excited about bringing these two organizations together, and look forward to serving the financial services community and the community at large in both Pennsylvania and New Jersey. We have deep respect for The MacNamee Group’s 34-year history and look forward to building on that legacy,” stated Andy Martin, CLU, ChFC, President of First Protective.
“We are delighted about the opportunity to join forces with First Protective,” said Steve MacNamee, President of The MacNamee Group. “We conducted an extensive search
looking for an opportunity like this and First Protective exceeded our hopes for a firm to combine with that will continue the tradition we have for excellent service, deep expertise, and an environment that we want to be a part of. We like to think of it as the “City of Brotherly Love meets Southern Hospitality.”
ABOUT FIRST PROTECTIVE
First Protective, a subsidiary of Protective Life Corporation, serves insurance and financial services professionals across the United States. Originally founded in 1983 as a life insurance distribution company, First Protective is a full-service financial services marketing organization providing life insurance, annuities and asset-based LTC solutions, as well as disability and long term care insurance. First Protective is headquartered in Birmingham, Alabama, with regional offices in Mobile and Huntsville, AL, Baton Rouge, LA, Chattanooga, TN, Greenville, SC, Nashville, TN, and Milwaukee, WI.
For more information, about First Protective, visit www.firstprotective.com.
ABOUT PROTECTIVE LIFE
Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S. The flagship subsidiary, Protective Life Insurance Company, was founded in 1907.
Protective’s home office is located in Birmingham, Alabama. As of December 31, 2015 the Company had assets of approximately $68.5 billion. For more information on Protective Life, please visit www.protective.com.