Global Atlantic Celebrates Expansion of Hartford Office to Support Continued Growth
22 February 2024 - 2:00AM
Business Wire
Global Atlantic Financial Group (“Global Atlantic”), a leading
insurance company meeting the retirement and life insurance needs
of individuals and institutions, today announced the completion of
its newly renovated office space on the 18th floor of the iconic
Gold Building in downtown Hartford. The expansion project includes
a renovation of 29,000 square feet. This involved a full
reconstruction of the 18th floor and a partial renovation of the
24th floor, which is currently near completion. The company now
occupies an impressive 47,000 square feet of the Gold Building.
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Global Atlantic's new cafe in its
expanded office. (Photo: Business Wire)
The new space includes a large café, game room, coffee bar, and
several lounge areas for team members to convene and collaborate.
Employees will also be able to utilize state-of-the-art technology
in conference rooms. Global Atlantic currently has nearly 300
employees in Hartford, with 100 of those hires occurring in 2023.
Companywide, a third of Global Atlantic’s new roles were created in
Hartford last year, which is now the largest of the company’s nine
offices across the country and in Bermuda. Global Atlantic’s
expanded footprint will now allow the company to support up to 400
employees in the capital city.
On hand to celebrate the official ribbon-cutting event was
Connecticut Governor Ned Lamont, Commissioner-designate Daniel
O’Keefe from the Connecticut Department of Economic and Community
Development, and Hartford Mayor Arunan Arulampalam.
“Global Atlantic Financial Group is a leading insurance company
with offices all over the United States, and the fact that they
chose Hartford as a location to expand and add jobs is a testament
to our state’s exceptionally talented workforce and support for the
insurance industry,” Governor Lamont said. “Since opening its
Hartford offices several years ago, Global Atlantic has continued
to grow and strengthen its presence in Connecticut, and I look
forward to seeing this company thrive here for years to come.”
The expansion of Global Atlantic’s presence in Hartford and its
contribution to the city’s economic development has been a core
focus for the company over the past several years. “This expansion
allows us to continue attracting talent in the Hartford region –
one of the premier insurance talent markets in the country,” said
Dan O’Shea, Chief Administrative Officer at Global Atlantic. “We
could not be prouder to continue our investment in Hartford and we
appreciate the support of the Connecticut Department of Economic
and Community Development.”
“Global Atlantic is in growth mode and the Hartford office
expansion is an example of the momentum we have in the insurance
industry,” said Rob Arena, Global Atlantic’s Co-President and Head
of Individual Markets. “We thank the State of Connecticut for its
support and look forward to building on our existing relationship
in the years to come.”
About Global Atlantic
Global Atlantic Financial Group is a leading insurance company
meeting the retirement and life insurance needs of individuals and
institutions. With a strong financial foundation and risk and
investment management expertise, the company delivers tailored
solutions to create more secure financial futures. The company's
performance has been driven by its culture and core values focused
on integrity, teamwork and the importance of building long-term
client relationships. Global Atlantic is a wholly-owned subsidiary
of KKR, a leading global investment firm. Through its relationship,
the company leverages KKR's investment capabilities, scale and
access to capital markets to enhance the value it offers clients.
KKR's parent company is KKR & Co. Inc. (NYSE: KKR).
Global Atlantic Financial Group (Global Atlantic) is the
marketing name for The Global Atlantic Financial Group LLC and its
subsidiaries, including Accordia Life and Annuity Company,
Commonwealth Annuity and Life Insurance Company, Forethought Life
Insurance Company and Global Atlantic Re Limited. Each subsidiary
is responsible for its own financial and contractual obligations.
These subsidiaries are not authorized to do business in New
York.
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version on businesswire.com: https://www.businesswire.com/news/home/20240221157971/en/
Jenn Bernstein, AVP Corporate Communications, Global Atlantic
860-966-0981, Jennifer.Bernstein@gafg.com ICR: Brian Ruby, Partner,
ICR 203-682-8268, Brian.Ruby@icrinc.com Adam Gerber, Account
Supervisor, ICR 203-682-8389, Adam.Gerber@icrinc.com
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