Governor Lamont Announces Global Atlantic Financial Group Is Expanding Operations and Adding Jobs in Hartford

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01/09/2023

Governor Lamont Announces International Atlantic Financial Team Is Expanding Functions and Including Work opportunities in Hartford

(HARTFORD, CT) – Governor Ned Lamont today introduced that International Atlantic Monetary Team, a leading insurance policies enterprise assembly the retirement and existence insurance plan demands of folks and establishments, is developing its functions in Hartford in an expansion approach that incorporates leasing an extra 11,500 sq. toes of office area to help around 100 new staff.

With this addition, World Atlantic will now occupy the entire 10th and 24th floors of The Gold Setting up at One Financial Plaza in downtown Hartford. This is the second time that Global Atlantic has expanded its footprint in Connecticut’s money metropolis – the to start with was in 2019 right after it moved into The Gold Developing in 2018. The firm will now have a complete footprint of a lot more than 46,000 sq. ft in the constructing with the means to assistance far more than 300 personnel.

“Since relocating to downtown Hartford four many years in the past, World-wide Atlantic has observed a sizeable progress in its organization and its work stages,” Governor Lamont explained. “Now, as this renowned coverage firm that has places of work all through the state is hunting for a spot to broaden, they’ve made the decision that Hartford is the ideal put to guidance this advancement. I congratulate Worldwide Atlantic on their choice to commit and improve here, and I appear ahead to strengthening our partnership with this firm for years to arrive.”

In 2022, World-wide Atlantic grew its whole employee foundation by 325 employees. This consists of the addition of 75 new personnel in Hartford, which represents the finest concentration of progress among the its places of work.

“The enlargement of our existence in Hartford, one particular of the leading insurance coverage marketplaces in the United States, is a testament to Global Atlantic’s growth and situation within the insurance industry,” Dan O’Shea, chief administrative officer for International Atlantic, stated. “We are happy to continue on increasing in a state with such a various talent pool and vibrant community and value the assist of the Connecticut Office of Financial and Community Growth.”

The Connecticut Department of Economic and Community Growth (DECD) is supporting the enlargement by offering up to $695,640 in grants in arrears that are contingent on the business making and retaining 100 comprehensive-time work over seven several years.

“Global Atlantic is a valued member of our business enterprise group, and it is excellent to see them expanding their physical footprint and continuing to include careers in our money town,” Alexandra Daum, commissioner designate of DECD, and Peter Denious, CEO of the nonprofit economic enhancement organization AdvanceCT, reported in a joint statement. “Connecticut’s insurance coverage sector is acknowledged about the planet for its proficient workforce, foremost providers, and dedication to innovation. Announcements like this a single enhance our aggressive strengths in this sector and the truth that Connecticut is dwelling to the premier insurance policy sector cluster in North America.”

World Atlantic Fiscal Team is a foremost insurance enterprise conference the retirement and daily life coverage demands of folks and establishments. With a strong money basis and possibility and investment management skills, the enterprise provides tailored methods to build extra safe financial futures. The company’s general performance has been driven by its culture and main values targeted on integrity, teamwork, and the relevance of setting up lengthy-expression customer associations. World-wide Atlantic is a the greater part-owned subsidiary of KKR, a foremost world wide investment agency. By its romance, the firm leverages KKR’s investment abilities, scale, and entry to cash markets to improve the value it presents purchasers. KKR’s father or mother corporation is KKR & Co. Inc. (NYSE: KKR).

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Twitter: @GovNedLamont

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Facebook: Place of work of Governor Ned Lamont

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Christopher Lewis

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