Forethought Financial Group

Forethought Financial Group, Inc., has completed its acquisition of the individual annuity new business capabilities and a broker/dealer from The Hartford. With the acquired broker/dealer (now known as Forethought Distributors, LLC), the company has underwriting and distribution capability for variable products. As a result, Forethought plans to launch its first variable annuity into the marketplace during the first quarter of 2013.

Robert Arena, who previously led The Hartford’s individual annuity business, joins Forethought as president of Forethought Annuity, which is a division of Forethought Life Insurance Company.

The company has opened new offices in Simsbury, CT, and Berwyn, PA, to support the operation for Indiana-based Forethought Life Insurance Company. These capabilities complement the company’s existing nonregistered distribution platform, led by Forethought veteran Paula Nelson, executive vice president.

Forethought Financial Group, Inc., was founded in 1985 and is a privately held, diversified financial services organization based in Houston, TX, with insurance operations throughout the United States. 

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