Conseco was originally established in 1979 as an insurance provider, becoming a publicly traded company in 1985 when it started to operate as a holding company for its customer-facing subsidiaries Bankers Life and Casualty Company, Colonial Penn Life Insurance Company, Washington National Insurance Company, and 40|86 Advisors. The company was mired in bad publicity when it loaned millions of dollars to its own executives in the late 1990s and it later went through bankruptcy in the early 2000s. Looking to establish some distance from its past, Conseco changed its name to CNO Financial Group this past March and introduced a new identity.
POSTED BY: Armin
CATEGORY: Finance
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