Company Overview of The Northwestern Mutual Life Insurance Company
The Northwestern Mutual Life Insurance Company provides various life insurance products to personal, business, and estate markets primarily in the United States. Its products include permanent and term life insurance products; disability insurance; long-term care insurance; annuity products, such as deferred and income annuities; and education funding plans. The company’s investment products and services comprise brokerage services, investment advisory services, trust services, financial planning services, and portfolio management services. The Northwestern Mutual Life Insurance Company was founded in 1857 and is based in Milwaukee, Wisconsin.
720 East Wisconsin Avenue
Milwaukee, WI 53202
Founded in 1857
Key Executives for The Northwestern Mutual Life Insurance Company
Chairman, Chief Executive Officer, Member of the Management Committee and Member of Finance Committee
Chief Financial Officer and Executive Vice President
Executive Vice President of Operations and Technology
Chief Investment Officer and Executive Vice President
Compensation as of Fiscal Year 2015.
The Northwestern Mutual Life Insurance Company Key Developments
Northwestern Mutual to Build Second Tower in Downtown Milwaukee
Oct 5 15
Northwestern Mutual, which already is building a 32-story, $450 million headquarters office in downtown Milwaukee, said it plans to construct a 33-story, mixed-use development across from the headquarters. Northwestern Mutual estimates the project cost at more than $100 million. It will be built on property the company already owns on the block bounded by North Van Buren, North Jackson, East Mason and East Wells streets immediately to the northwest of the existing headquarters. The 925,600-square-foot building will include a 25-story residential high-rise above an eight-story parking garage with 1,100 parking stalls. The residential portion will consist of 308 high-end apartment units and 16 penthouse units with extensive views of Lake Michigan and downtown, the company said. The project will have retail space on the ground floor along Jackson, Mason and Van Buren streets. The project is being developed as an investment property by Northwestern Mutual Real Estate, which is the company's real estate investment arm and one of the such investors in the United States. The Northwestern Mutual residential tower is the latest in a series of major downtown developments already underway or planned in the near future. Besides the NM corporate tower, the 833 East office building from Irgens Development is nearly complete on East Michigan Street. Milwaukee developer Rick Barrett plans the high-rise Couture just south of O'Donnell Park and Johnson Controls Inc. is studying land to the south of the Couture site for an office project. On the west side of downtown, the Milwaukee Bucks are preparing to break ground in coming months on a $500 million arena project and $400 million in mixed-use projects on the Park East corridor.
Northwestern Mutual Plans to Move by End of Year on New Downtown Parking, Mixed-Use Project
Sep 15 15
Northwestern Mutual is likely to move ahead with plans later in 2015 for another downtown development with parking for employees, but also retail and other uses. The company announced plans to build their own parking structure last December after the Milwaukee County Board rejected its offer to buy O'Donnell Park for its parking spaces. The building will have at least 1,100 parking spaces for its growing downtown employee base. The company's new headquarters $450 million office tower is under construction and set for completion in 2017. The next building will likely have first-floor retail space along the sidewalks.
The Northwestern Mutual Life Insurance Company Acquires Luxury Apartment Project in Downtown Walnut Creek
Sep 10 15
The Northwestern Mutual Life Insurance Company has acquired The Arroyo, a luxury apartment project currently under construction in downtown Walnut Creek, CA. The six-story, 100-unit complex will be an exciting addition to the downtown area, and is one of multiple investments Northwestern Mutual has made in Walnut Creek. The project is scheduled to be completed in late 2015.
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