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Guardian finds mutual ground in Berkshire merger; Deal creates the No. 2 entity in the disability insurance field.(Guardian Life Insurance Co. merger with Berkshire Life Insurance Co.)(Brief Article)
Crain's New York Business, September, 2000 by wipperfurth, heike
Last summer, Joseph Sargent, the 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 Manhattan-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 or injury-one of Guardian's fastest growing businesses. ...
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