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Seeking partner, insurer finds target.
Investment News, October, 2000 by Wipperfurth, Heike
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Guardian, attracted by disability biz, buys Berkshire Last summer, Joseph Sargent, president of the Guardian Life Insurance Co. of America, inspected a list of small mutual life insurance companies to find a strategic partner for the New York-based company. He had eyes only for the company at the top of the list.
It was Berkshire Life Insurance Co., a $1.5 billion Pittsfield, Mass., life insurance company. What attracted Mr. Sargent to Berkshire was its strong disability income insurance business that protects customers against financial losses stemming from illness ...
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