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October 06, 2015 1:06 AM ET


Company Overview of Riversource Life Insurance Company

Company Overview

RiverSource Life Insurance Company, a stock life insurance company, issues insurance and annuity products in the United States. It provides fixed and variable annuities; and variable universal life, fixed universal life, traditional whole life, term life, and disability income insurance products. The company is based in Minneapolis, Minnesota. RiverSource Life Insurance Company is a subsidiary of Ameriprise Financial, Inc.

1099 Ameriprise Financial Center

Minneapolis, MN 55474

United States



Key Executives for Riversource Life Insurance Company

Chairman, Principal Executive Officer and President
Age: 46
Chief Financial Officer, Executive Vice President and Director
Age: 44
Principal Accounting Officer, Senior Vice President, Controller and Vice President of American Express Financial Corporation
Age: 62
Executive Vice President of Annuities and Director
Vice President and Chief Actuary
Compensation as of Fiscal Year 2015.

Riversource Life Insurance Company Key Developments

Riversource Life Insurance Company Closes New York Office

Riversource Life Insurance Company announced that it is closing its Albany, New York office and laying off 29 employees under a move to consolidate operations in Minnesota. RiverSource Life Insurance of New York announced the layoffs in a filing with state regulators. The operation is relocating to Minneapolis, Minnesota and the employees in Albany, New York will receive severance packages and other assistance in finding new jobs. Existing life insurance customers in New York would receive service from the RiverSource headquarters in Minneapolis. Layoffs begin in late September. The Albany office closing is at 20 Madison Ave., though the company plans to retain space at the building to sustain a legal presence in New York.

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