SILAC Insurance
Insurance · Utah, United States · 501-1,000 Employees
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Overview
Headquarters
299 S Main St Ste 1100, Salt Lake City, ...Phone Number
(800) 352-5150Website
www.silacins.comRevenue
$12.3 MillionIndustry
ZI Rank: 6
Signal Type
Jan
Feb
Mar
Apr
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ZI Rank
5
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4
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6
About SILAC Insurance
SILAC Insurance Company has been a trusted leader in savings and retirement solutions since 1935, offering a range of annuity products designed to help clients achieve their retirement goals. Their product lineup includes Guaranteed Accumulation options, various Fixed Indexed Annuities (FIAs), and Legacy FIAs. The company focuses on providing financial security for individuals and families planning for the future. SILAC is dedicated to educating clients about annuities and their benefits, ensuring they are well-informed in their retirement planning.Explore more
SILAC Insurance Org Chart
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Revenue
Number of Employees
Type
Funding
Founded In
$11.2M
201-500
Private
-
2020
AB
Andre BerryVice President, Sales & Operations Business Transformation Executive
Company Profile Activity
Activity Insights
SILAC Insurance is experiencing very low activity levels compared to other companies in the Insurance sector.
What does this means?
SILAC Insurance is drawing exceptional interest within the Insurance industry, suggesting notable developments or strong market momentum, learn more about SILAC Insurance.
SILAC Insurance Tech Stack
A closer look at the technologies used by SILAC Insurance
Most Recent Scoops
Promotion
Executive Move
Executive Moves, Promotion
Executive Move
Executive Moves
Hiring Plans
SILAC Insurance has more open roles in Operations than it has had at any time in the past 12 months. Areas of expertise include: Administrative Support, Stakeholder Coordination, Bachelor Of Science In Business Administration, and DocuSign (Software).
Hiring Plans
Project
SILAC Insurance is considering the purchase of solutions related to marketing automation such as Sharpspring, LeadFWD.
Spending/Investment, Marketing Automation, Automation
Executive Move
Executive Moves
SILAC Insurance News & Media
AM Best Removes From Under Review With Negative Implications, Downgrades Credit Ratings of SILAC Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bbb-” (Good) of SILAC Insurance Company (SILAC) (Salt Lake City, UT). The outlook assigned to the FSR is stable while the outlook assigned to the Long-Term ICR is negative. The Credit Ratings (ratings) reflect SILAC’s balance sheetKBRA Assigns Ratings to SILAC Insurance Company and Sterling Investors Life Insurance Company
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns BBB insurance financial strength ratings to SILAC Insurance Company ("SILAC") and Sterling Investors Life Insurance Company ("SILIC"). The Outlook for both ratings is Stable. The ratings reflect solid capitalization with favorable growth trends in capital, a seasoned management team, minimal exposure to disintermediation risk, and expanded distribution with a focus on independent agents. SILAC’s year-end 2023 CAL RBC of 375% is solidAM Best Places Credit Ratings of SILAC Insurance Company Under Review With Negative Implications
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with negative implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of SILAC Insurance Company (SILAC) (Salt Lake City, UT). The Credit Ratings (ratings) of SILAC have been placed under review with negative implications primarily due to a decline in the quality of one of its reinsurance counterparties and the quality of investments that it holds as collateral.
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Frequently Asked Questions Regarding SILAC Insurance
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SILAC Insurance Company has been a trusted leader in savings and retirement solutions since 1935, offering a range of annuity products designed to help clients achieve their retirement goals. Their product lineup includes Guaranteed Accumulation options, various Fixed Indexed Annuities (FIAs), and Legacy FIAs. The company focuses on providing finan... Read More
