Insurance
Head left banking in 1933, when he became the first president of Great American Life Insurance Company in St. Louis, Missouri. The new company was formed by Equity Corporation, controlled by David Milton (son-in-law of John D. Rockefeller, Jr.). Equity had acquired the business of Missouri State Life in bankruptcy court in September, 1933, following Missouri State Life's collapse during the Great Depression. Milton recruited Head to be the founder and first president of General American Life and take over Missouri State Life's business. Head continued as president of Great American Life Insurance until January, 1951, when he was succeeded by P. B. McHaney.
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Famous quotes containing the word insurance:
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