Protective Life Corp., headquartered in Birmingham, is relocating its Cincinnati, Ohio, office to the RiverCenter Towers in Covington, Kentucky, as part of its strategic growth plans.
“Protective Life has had a presence in the greater Cincinnati region for nearly 30 years, and as we look to the future with a focus on growth and scale, this relocation enables us to expand our workforce in the area and advance our ability to attract top talent, while exceeding both customer and employee expectations,” said Aaron Seurkamp, president of the Retirement Division at Protective Life.
The RiverCenter Towers site provides amenities to enhance the employee experience, including an on-site fitness center, in-building parking, on-site restaurants and access to the river walk. In addition, the company’s logo will be placed prominently at the top of the RiverCenter Towers, visible from downtown Cincinnati, the Bengals and Reds stadiums and major interstates passing through the region.
The relocation news follows the October announcement that Protective Life would begin to focus on the greater Cincinnati region as one of its three core sites, alongside Birmingham and St. Louis, which are also supported by a strong virtual workforce representing 40% of the company’s overall employee population. At the time, Protective Life planned to close six offices around the country over the next two years, including offices in Bannockburn, Illinois; Brentwood, Tennessee; Denver, Colorado; Elgin, Illinois; Fort Lauderdale, Florida; and Portsmouth, New Hampshire.
Pending the COVID-19 environment, Protective Life aims to move employees into RiverCenter Towers beginning in the summer of 2021. Initially, the new office space will be home to more than 100 employees, with plans to double that number over time.
Protective Life, founded in 1907, is a wholly owned U.S. subsidiary of Dai-ichi Life Holdings Inc. Japanese-based Dai-ichi purchased Protective Life in early 2015 for $5.7 billion. In mid-2019, Protective Life acquired Great-West Life & Annuity Insurance Co. in a capital investment deal of approximately $1.2 billion. Earlier this year, in September, Protective Life announced it would acquire Atlanta-based Revolos, a deal that is expected to close in early 2021.