Ullico Infrastructure Fund Exceeds $3 Billion in Commitments
Ullico Infrastructure Fund (UIF) has secured more than $3 billion in commitments from investors in less than 10 years.
Ullico Invests in Contracted Power Generation and Storage Portfolio
Ullico will acquire a 35% interest in Southland from The AES Corporation ("AES"), a Fortune 500 global power company.
Ullico Tops NABTU’s Infrastructure Manager Report Card
Ullico has achieved a 100 percent rating on the North America's Building Trades Unions (NABTU) Infrastructure Manager Report Card.
Ullico Partners with NFP to Form Construction Risk Services Program
Ullico Casualty Group, LLC announced an agreement to collaborate with NFP, a leading insurance broker with expertise in the construction industry.
Union Labor Life Maintains A- (Excellent) Rating from AM Best
AM Best has affirmed The Union Labor Life Insurance Company's Financial Strength (FSR) rating of A- (Excellent).
UIA-IM Analyzes Corporate Credit Developments to Date and Provides an Outlook for the Next 12 Months
The U.S. corporate bond market has undergone substantial change in response to COVID-19.
Ullico Partners with Marathon Health to Bring Primary Care Access to Unions
Ullico Benefit Solutions will promote the advantages of Marathon Health to provide primary and preventive care to multiemployer health and welfare plans.
Ullico Enhances Fiduciary Solution to Include Cyber Security Resources
Cyber Liability policyholders will receive complimentary access to a variety of cybersecurity tools and resources to aid their loss control strategies.
Ullico Invests in Toll Road Company in Puerto Rico
Ullico is proud to make its first investment in Puerto Rico in an asset that is critical for the community and the local economy.
Ullico Adds Senior Corporate Credit Professionals at UIA Investment Management
Ullico is pleased to announce the addition of Mike Barone and Andrew
G. Stone, CFA to UIA Investment Management, LLC (UIA-IM).
Union Labor Life Upgraded to A- (Excellent) by AM Best
AM Best upgraded Union Labor Life's Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and its Long-Term Issuer Credit Rating (ICR) to "a-" from "bbb+."
Ullico Inc. Provides Notice of Data Security Incident
On April 1, 2019, an unauthorized external user was able to access the company email account of an employee of The Union Labor Life Insurance Company.
Ullico Invests in Marine Transportation Business in the Pacific Northwest
Ullico Inc. invests in Tidewater, an intermodal transportation business serving waterways in the Pacific Northwest region of the United States and Canada.
BlackRock Real Assets sells operating portfolio of Canadian solar plants to Ullico Inc.
BlackRock Real Assets has reached an agreement with Ullico Inc. on the sale of a portfolio of four operating solar projects in Ontario, Canada.
Ullico Invests in 1.3 GW Renewable Energy Portfolio
Ullico to invest in over 70 solar and wind power generation projects owned by affiliates of AIMCo and AES.
New Senior Investment Professionals for UIA Investment Management, LLC
Timothy J. Cunneen, CFA, and Daniel R. Adler will join UIA Investment Management, LLC (“UIA-IM”) upon its expected launch in early 2019.
Ullico Expands Fixed-Income Management Services through UIA Investment Management, LLC
Ullico announced that it is expanding its in-house capability and launching UIA Investment Management, LLC (UIA-IM).
Ullico Invests in 38.5 MWac Renewable Energy Portfolio
Ullico Inc. announced the closing of its acquisition of a portfolio
of four solar power generation projects owned by DIF Infrastructure III, a fund managed by DIF Management B.V. ("DIF").
Ullico Invests in Renewable Energy Portfolio
Ullico announced investment in four solar and wind power generation projects owned by affiliates of D. E. Shaw Renewable Investments, L.L.C. ("DESRI")
Ullico Leads with First to Market Solution for Fiduciary Risk Management
Partnering with Enquiron, Ullico's Policyholders will receive access to loss control services through Ullico Resource Center for Organized Labor.
Ullico Partners with AGIA Affinity to Administer Benefit Programs
AGIA Affinity to provide administration services for its portfolio of individual and group life and health supplemental products.
Union Labor Life Receives Positive Credit Rating Outlook from A.M. Best
A.M. Best revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR).
Ullico Invests $116.5 Million in San Francisco Project
Ullico committed up to $116.5 million to finance construction of Block One, a 391-unit for-sale residential development in San Francisco.
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.
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
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.
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).
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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
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
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
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.
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
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.
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').
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.
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.
Ullico Commits $50 Million to Solar Energy Projects
Deal Creates Partnership with Panasonic Eco Solutions and Coronal Management
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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”
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).
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.
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.
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.
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.
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.
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.
Joe D'Amato's Infantry
On the eleventh anniversary of 9/11, we honor and remember all who were lost on that fateful day.
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.
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.
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.
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).
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.
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
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.
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.
Newsroom