Latest News and Press Releases

Apr 07
2017

Ullico Invests in 921 MWac Renewable Energy Portfolio
Ullico Inc. today announced the closing of its investment in a portfolio of eight solar and wind power generation projects owned by affiliates of D. E. Shaw Renewable Investments, L.L.C. (“DESRI”) and other investors.


Mar 30
2017

Ullico Selects Enquiron, Drives Client Value Through Risk Management
Ullico Casualty Group, Inc., a subsidiary of Ullico Inc., has selected Enquiron® to fuel its growth and provide a stellar client experience


Mar 09
2017

Ullico’s Human Resources Program Recognized for Outstanding Leadership
Ullico’s human resources program received some much-deserved recognition when SmartCEO magazine honored one of its leaders with an Executive Management Award (EMA).


Oct 07
2016

Ullico Invests in 135 MW Hydroelectric Power Portfolio
Eagle Creek's hydroelectric plants provide clean, renewable energy to residents and businesses in the Midwest, Northeast and New England regions.


Sep 28
2016

Ullico Closes Investment in Connecticut Energy Project
Ullico Inc. today announced the closing of a 13.7 percent equity investment in the CPV Towantic Energy Center project.


Sep 12
2016

Ullico Invests in New Jersey Generating Facility
West Deptford has supplied energy, capacity, and ancillary services into the PJM Interconnection, the world's largest wholesale power market spanning 13 states.


Jun 02
2016

Ullico General Counsel Patrick McGlone Elected D.C. Bar President-Elect
Patrick McGlone has been elected president-elect of The District of Columbia Bar, the second-largest unified bar in the country, for the 2016-2017 term.


Mar 10
2016

Ullico General Counsel Patrick McGlone Nominated to Run for D.C. Bar President-Elect
The District of Columbia Bar is the second-largest unified bar in the country. If elected, McGlone will serve as president of the D.C. Bar beginning in July 2017.


Oct 05
2015

Ullico Launches Private Exchange Platform for Union Members
Unions finally have an opportunity to offer their members centralized access to supplemental and voluntary benefits, as well as health insurance


Sep 21
2015

Ullico Provides $93.3 Million in Loans for Two Chicago Projects
Financed by the Union Labor Life Insurance Company on behalf of "J for Jobs," the two loans are for 2 projects in the River North neighborhood of Chicago.


Sep 11
2015

Ullico Invests $78.1 Million in Boston Project
The multi-family rental project will include 259 units in a new 16-story tower with lofts, rooftop terrace, outdoor pool, fitness facilities, and community rooms.


Aug 04
2015

Ullico Invests $158 Million in Los Angeles Project
Ullico committed up to $158 million to finance the construction of two 4-story Class A buildings in the Playa Vista submarket of West Los Angeles.


May 05
2015

Ullico Invests $228 Million in Two Philadelphia Projects
Ullico recently committed to provide up to $228 million in loans to finance two real estate projects in Philadelphia.


Apr 17
2015

Ullico Invests $242 Million in Two Hawaii Projects
Ullico Inc. recently closed on its commitment to provide $242 million in loans to finance the construction of two new real estate projects in Hawaii.


Apr 07
2015

Ullico Announces Closing of a $58 Million Investment in Ohio Energy Project
Ullico Inc. announced the closing of an approximately $58 million investment in the Carroll County Energy Project.


Mar 11
2015

Ullico Invests More Than $1.36 Billion in 2014
In 2014, Ullico closed more than $1.36 billion in construction, permanent and other loans to the commercial real estate community.


Feb 18
2015

Ullico Announces $25 Million Fiduciary Liability Insurance Limits
Ullico Casualty Group, Inc., may offer up to $25 million in multiemployer fiduciary liability insurance in its program with Alterra America Insurance Company, a Markel company.


Jan 28
2015

Ullico Provides $250.7 Million in Loans for New York Projects
Ullico Inc. recently provided $250.7 million in loans to finance the construction or renovation of four new real estate projects in New York City


Jan 13
2015

Ullico Provides $110 Million Loan for Los Angeles Project
Ullico Inc. approved loan to finance renovation of the Sheraton Hotel at The Bloc, a mixed-use urban development in the heart of downtown Los Angeles


Nov 07
2014

Ullico Announces Closing of a $75 Million Investment in the Neptune Regional Transmission System
Ullico Announces Closing of a $75 Million Investment in the Neptune Regional Transmission System


Aug 06
2014

Ullico Announces Closing of a $20.5 Million Loan for Pearl West in Portland, Oregon
Ullico Announces Closing of a $20.5 Million Loan for Pearl West in Portland, Oregon


Aug 06
2014

Ullico Provides $77.5 Million in Loans for Chicago’s River Point and 545 McClurg Court
Ullico Inc. recently announced the closing nearly $77.5 million in loans to help finance the construction of Chicago’s River Point and 545 McClurg Court. Both projects are financed by The Union Labor Life Insurance Company on behalf of its Separate Account J (known as ‘J for Jobs’). As a condition of Ullico's participation in the loans, all construction will be built with union labor.


Aug 06
2014

A.M. Best Affirms The Union Labor Life Insurance Company's B++ (Good) Rating
A.M. Best Affirms The Union Labor Life Insurance Company's B++ (Good) Rating


Jun 12
2014

Union Labor Life Statement on Potential Exposure of Personal Data
The Union Labor Life Insurance Company (Union Labor Life), an affiliate of Ullico Inc. (Ullico), has reported the potential exposure of personal data of certain individuals to the U.S. Department of Health and Human Services and has begun notifying various state regulatory agencies, as required by federal and state data privacy laws.


May 07
2014

ULLICO Provides $87.59 Million in Loans for 3 Chicago Real Estate Projects
Ullico Inc. recently provided $87.59 million in loans to finance the construction of 3 new Chicago real estate projects. Financed by The Union Labor Life Insurance Company on behalf of its Separate Account J (known as 'J for Jobs').


Apr 24
2014

Ullico Inc. Launches Share Your Roots Social Media Campaign and Contest
“Share Your Roots” social media campaign and contest designed to celebrate the only labor-owned insurance and investment company's union heritage.


Apr 14
2014

Ullico Announces $57.5 Million Loan for L.A.'s 10000 Santa Monica
Ullico Inc. today announced $57.5 million in lead financing on a $210 million loan to finance the construction of 10000 Santa Monica, an 42-story, 283-unit apartment tower in Beverly Hills, California.


Dec 16
2013

Ullico Commits $50 Million to Solar Energy Projects
Deal Creates Partnership with Panasonic Eco Solutions and Coronal Management


Dec 16
2013

Ullico Provides $37.5 Million Loan for St. Louis' West End City Apartments
Ullico Inc. today announced the closing of a $37.5 million loan to finance renovation and new construction of West End City Apartments, a collection of three historic high-rises with 318 apartments, is located at 275 Union Blvd in St. Louis, Missouri.


Dec 16
2013

Ullico Provides $46 Million Loan for San Francisco's 1400 Mission
Ullico Inc. today announced the closing of a $46 million loan to finance the construction of a 15-story, below market rate (BMR) residential project to be located at 1400 Mission Street in the Mid-Market neighborhood of San Francisco.


Dec 16
2013

Ullico Announces $50 Million Loan for Seattle's Hill 7
Ullico Inc. today announced $50 million in lead financing on a $75 million loan to finance the construction of Hill 7, an 11-story, 286,000 square foot office building with a 353-car parking garage in the Belltown neighborhood of Seattle, Washington.


Aug 02
2013

The Union Labor Life Insurance Company's Highest Rating in History Affirmed by A.M. Best
AM Best reassigned its rating of B++ (Good), stable outlook, noting Union Labor Life's focus on growth and established presence in the union marketplace.


Jul 30
2013

Ullico Announces Investment in U.S. Wind Farm
The wind farm is operated by a leading renewable energy developer under a long-term contract and has an attractive 20-year power purchase agreement with an investment grade utility.


Apr 21
2013

Ullico Inc. Webinar Discusses Developments in Property and Casualty Business
During a webinar on Monday, April 15, 2013, Ullico senior management discussed recent developments with Ullico Casualty Company, future plans for property and casualty related business and highlights from Ullico subsidiaries.


Apr 19
2013

Media Advisory: Ullico Inc. President and CEO Ed Smith to Speak at San Bernardino and Riverside Counties Building & Construction Trades Council
Smith will discuss how Ullico Investment Advisors, Inc.'s investment in Rialto Water Services, along with its partners, will create jobs and make critical capital improvements to the water and wastewater infrastructure of the City of Rialto, California.


Mar 15
2013

Ullico Provides $41 Million Loan for Manhattan Apartment Complex
Ullico announced it provided a $41 million, five-year refinancing for The Cameo, a seven-story, 102 unit apartment complex with a 60-car parking garage in midtown Manhattan.


Mar 15
2013

Ullico Inc. Statement on Ullico Casualty Company
Delaware Chancery Court granted a petition filed by the Delaware Department of Insurance seeking an order of rehabilitation for Ullico Casualty Company.


Feb 26
2013

2013 Letter to the American Labor Community and Industry Affiliates from the Ullico Inc. Board of Directors
2013 Letter to the American Labor Community and Industry Affiliates from the Ullico Inc. Board of Directors


Feb 26
2013

Statement from Ullico Inc. on Withdrawal of A.M. Best Rating from Ullico Casualty Company
CEO Edward M. Smith said today the decision to withdraw the rating by A.M. Best from Ullico Casualty Company was a deliberate action taken by the company to reflect its new strategic direction and focus.


Feb 19
2013

MAYOR RAHM EMANUEL ANNOUNCES CHICAGO INFRASTRUCTURE TRUST TO INVEST IN TRANSFORMATIVE PROJECTS
Mayor Rahm Emanuel today announced the Chicago Infrastructure Trust, an innovative way to leverage private investment for transformative infrastructure projects to guide the city's renewal of these vital and foundational elements in the 21st century.


Jan 10
2013

Ullico Will Begin Offering Policies through Alterra America
Ullico Casualty Group, Inc., will begin writing and renewing multiemployer and government fiduciary liability and union liability policies next week with Alterra American Insurance Company (Alterra America).


Jan 02
2013

How Workers' Compensation Premiums Will Change in 2013
For many union construction contractors, 2013 may bring some good news: Workers' compensation premiums may decline if you have a strong safety program and few on-the-job injuries.


Dec 12
2012

Ullico Announces First Infrastructure Investment
The investment will make critical capital improvements to the water and wastewater infrastructure of Rialto, California. It is estimated by Rialto Water Services that these improvements will produce 445 jobs for members of the local building and construction trades.


Dec 05
2012

Ullico Medical Stop Loss Insurance Pays $740K Dividend to Teamster Health Care Funds
Group Medical Stop Loss Program with the International Brotherhood of Teamsters will return an aggregate dividend of approximately $740k to 29 self-funded Teamster health care plans across the country.


Nov 28
2012

Ullico Flagship Commercial Real Estate Fund Commits $20 Million to Minneapolis Construction Project
Ullico will extend up to $20 million in financing through its Separate Account J, also known as “J for Jobs”, for the construction of Loring Park Tower, a 37-story, 354-unit high-rise apartment building in downtown Minneapolis, Minn.


Nov 26
2012

Media Advisory: Ullico Inc. Celebrates Latest 'J for Jobs' Project at Building Trades Event in Minneapolis
CEO, Edward M. Smith and Chairman of the Board Joseph J. Hunt will discuss how Ullico's $20 million commitment to the Loring Park Tower project will create over 1000 union construction jobs.


Nov 19
2012

Ullico Casualty Group Announces Partnership with Alterra America Insurance Company
Ullico Casualty Group, Inc., has entered into long-term agreements with Alterra America Insurance Company (Alterra America), a subsidiary of Alterra Capital Holdings Limited, that will allow UCG to continue to provide competitive multiemployer and government fiduciary liability and union liability insurance at affordable premiums.


Nov 13
2012

Media Advisory: Ullico President & CEO Ed Smith Discusses Our Nation's Competitiveness at the National Competitiveness Forum Nov. 16
CEO Smith will participate in a panel discussion with leading CEOs on the topic of our nation's competitiveness at the National Competitiveness Forum on Friday, Nov. 16 at 9:30 a.m. EST at the George Washington University in Washington, D.C.


Nov 08
2012

Media Advisory: Sonia Axter Will Discuss Infrastructure Investing at IFEBP Panel
Sonia M. Axter, managing director of Infrastructure Investments with Ullico Investment Advisors, Inc., will participate in a panel discussion on infrastructure investing at the 58th Annual International Foundation of Employee Benefit Plans conference on Tuesday, Nov. 13 in San Diego, Calif.


Nov 06
2012

Ullico Inc. Returns as Four Time Platinum Sponsor of the 58th Annual Employee Benefits Conference
Ullico announced today that it will be a four time platinum sponsor and exhibitor at the 58th Annual Employee Benefits Conference taking place on Nov. 11-14, in San Diego, Calif.


Sep 21
2012

Red Building, Financed by Ullico Inc., Featured in LA Building Trades News
Red Building financed by "J for Jobs" featured in the Sept. issue of the Los Angeles/Orange Counties Building and Construction Trades Council's Building Trades News.


Sep 19
2012

Ullico Captive Insurance Program with W. Va Contractors Wins Risk Innovator Award from Risk & Insurance
Ullico receives the Risk Innovator award from Risk & Insurance Magazine.


Sep 17
2012

Ullico's Signatory Advantage Was a Finalist for Two Awards from Captive Review
Ullico announced today that its captive insurance program, Signatory Advantage, was a finalist for the “Innovation in Captive Management”


Sep 17
2012

Statement on A.M. Best Co.'s Rating of Ullico Casualty Company and The Union Labor Life Insurance Company
We are pleased that A.M. Best Company affirmed The Union Labor Life Insurance Company's financial strength rating (FSR) of B++ (Good) and Ullico Casualty Company's FSR rating of B (Fair).


Sep 17
2012

Ullico mourns the passing of longtime board member Mark H. Ayers
It is with deep sadness that we inform you today of the sudden passing of longtime Ullico Inc. board member Mark H. Ayers, President of the Building and Construction Trades Department (BCTD) of the AFL-CIO, on April 8, 2012.


Sep 17
2012

Ullico Casualty Company Begins Year on High Note
Ullico Inc. today reported strong first quarter performance in its Ullico Casualty Professional Insurance Lines, which company officials say indicates the transition to State National Insurance Company policies has been successful for both existing and new policyholders.


Sep 17
2012

Ullico CEO: Company Had Moved Into Lines We Shouldn't Have Been In
Ullico Inc. is shedding some lines of business and focusing on its core businesses after enduring a sluggish economy and a strategy drift with some former company executives, the company's chief executive officer told Best's News Service.


Sep 17
2012

From Work Boots to Work Suits, NLC Graduate Ensures Ullico Stays True to Union-Roots
When Edward Smith attended National Labor College (NLC) back in 1974, labor was in its heyday. A labor shortage meant high wages and 'cafeteria' benefits.


Sep 17
2012

Ullico's Partnership with West Virginia Workers' Compensation Consortium a Model for the Nation
Workers' compensation coverage for union construction contractors has traditionally been a costly proposition, due to the higher payroll costs associated with a union workforce. However, a partnership between Ullico Casualty Company and the West Virginia Workers' Compensation Consortium (WVWCC) challenges this notion and the result is an insurance captive that serves as model for containing workers' compensation costs for union contractors nationwide.


Sep 17
2012

Institutional Investment Can Help Rebuild U.S. Infrastructure
Including infrastructure investments as part of a pension fund portfolio can have several advantages for multiemployer and public employee pension funds, in addition to providing and protecting U.S. jobs.


Sep 17
2012

Joe D'Amato's Infantry
On the eleventh anniversary of 9/11, we honor and remember all who were lost on that fateful day.


Sep 17
2012

The Need for Life Insurance Gave Birth to Ullico Inc.
Even today, union members work in dangerous occupations. But nearly a century ago, it was even worse.


Aug 30
2012

Rohit Syal Joins Ullico Investment Advisors, Inc.
Ullico Inc., the only labor-owned insurance and investment company, announced today that Rohit Syal has joined Ullico Investment Advisors, Inc., as a director.


Oct 12
2011

Ullico Inc. Returns as a Sponsor of Annual International Foundation of Employee Benefit Plans’ Conference; Leads Educational Sessions
Ullico will return for the third time as a platinum sponsor for the 57th U.S. Annual Employee Benefits Conference.


Jul 11
2011

Ullico Casualty Group and Ullico Casualty Company Form Alliance with Philadelphia Insurance Companies to Enhance Surety Platform for Union Contractors
Ullico Inc., the Labor-owned multi-line holding company offering insurance and financial products and services, announced that its subsidiaries Ullico Casualty Group, Inc. and Ullico Casualty Company (Ullico Casualty) have formed a strategic alliance with leading property and casualty insurance carrier Philadelphia Insurance Companies (PHLY).


Dec 20
2010

Ullico Casualty Offers $25 Million Fiduciary Liability Limits
Ullico Casualty announces today that it has increased its fiduciary liability insurance limits from $15 million to $25 million.


Jun 10
2010

ULLICO Casualty increases limits to $250,000 for individual labor leader coverage
ULLICO Casualty is proud to announce higher coverage limits to its Individual Labor Leader endorsement, up to $250,000


Jan 14
2010

ULLICO Casualty's Contract Surety Bonds Program Is Now SBA Approved
ULLICO Casualty Company ("ULLICO Casualty") is proud to announce that its Contract Surety Bonds Program is now approved in the U.S. Small Business Administration's (“SBA”) Prior Approval Program, demonstrating our interest in serving America's small contractors.


Oct 07
2009

ULLICO Casualty Passes the $100 Million Mark
ULLICO Casualty Company ("ULLICO Casualty") finished the second quarter of 2009 with more than $102 million in gross written in force premium, surpassing the $100 million mark in record time.


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