The Bank of New York announced today that the Torchmark Corporation had chosen it to provide global custody services.
Torchmark Corporation is a financial services holding company specializing in life insurance and supplemental health insurance for
middle-income Americans marketed through multiple distribution channels.
“The Bank of New York is pleased to meet Torchmark’s diverse needs with our integrated services,” says Robert R. Field, executive vice president, The Bank of New York. “Our goal is to help our insurance clients deliver more value to their clients. We do this by dedicating the resources to understand their needs and developing the services to give them a competitive edge in the marketplace.”
The Bank of New York’s Insurance Services Division aims to provide insurance companies with integrated solutions that add value to their investment process. Services include custody, cash management, investment risk management, foreign exchange, securities lending, trustee services, and fixed income and equity trade execution.