NU Online News Service, Sept. 25, 10:22 a.m. – New York Life Insurance Company, New York, says it has bought a unit of Clark/Bardes Consulting Inc., North Barrington, Ill., that sells small and midsize corporate-owned life insurance cases.
Clark/Bardes will be keeping the existing book of COLI business, and it will also keep a unit that sets up large COLI cases.