Global Atlantic Financial Group Expands Hartford, Connecticut, Operations
01/10/2023
The company will lease an additional 11,500-square-feet of office space to support approximately 100 new employees. Global Atlantic will now occupy the entire 10th and 24th floors of The Gold Building at One Financial Plaza in downtown.
“The expansion of our presence in Hartford, one of the premier insurance markets in the United States, is a testament to Global Atlantic’s growth and position within the insurance industry,” Dan O’Shea, chief administrative officer for Global Atlantic, said. “We are proud to continue expanding in a state with such a diverse talent pool and vibrant community and appreciate the support of the Connecticut Department of Economic and Community Development.”
As an incentive the Connecticut Department of Economic and Community Development is supporting the expansion by providing up to $695,640 in grants in arrears that are contingent on the company creating and retaining 100 full-time jobs over seven years.
“Global Atlantic is a valued member of our business community, and it is great to see them expanding their physical footprint and continuing to add jobs in our capital city,” noted Alexandra Daum, commissioner designate of DECD, and Peter Denious, CEO of AdvanceCT. “Connecticut’s insurance industry is recognized around the world for its talented workforce, leading companies, and commitment to innovation. Announcements like this one reinforce our competitive strengths in this sector and the fact that Connecticut is home to the largest insurance industry cluster in North America.”
Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. The company is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. KKR’s parent company is KKR & Co. Inc.
Project Announcements
Oldcastle APG Plans Lancaster, South Carolina, Operations
05/10/2025
Vantive Plans Deerfield, Illinois, Headquarters Operations
05/10/2025
SkyWest Airlines Plans Shreveport, Louisiana, Maintenance Operations
05/10/2025
Hissho Sushi Plans Rock Hill, South Carolina, Headquarters-Distribution Operations
05/09/2025
Nelson Brothers Expands Walker County, Alabama, Operations
05/04/2025
Kimberly-Clark Expands Aiken County, South Carolina, Distribution Operations
05/04/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024