American Mayflower

The "American Mayflower" name is associated with a New York-domiciled life insurer that, in more recent regulatory reporting, appears in the Genworth holding-company system as Genworth Life Insurance Company of New York.[1] New York Department of Financial Services examination materials describe the company's ownership within Genworth's structure and note internal holding-company reorganizations completed in 2013.[1]

The examination report also shows how product strategy can evolve. The company historically wrote life insurance and annuities, but discontinued sales of certain lines over time (including variable annuity sales in 2011 and selected life product sales in 2012), with a later focus on fixed annuities.[1] That kind of pivot reflects the economics of long-duration guarantees in changing interest-rate and market environments.

Reinsurance has been a major tool in managing exposure. As of year-end 2014, the report notes reinsurance treaties with dozens of companies and indicates that a large share of life insurance in force was ceded, with specific collateral support structures described for unauthorized reinsurers.[1] In plain terms: the company used reinsurance extensively to balance risk and capital while managing a sizable in-force book.

Sources: [1] New York State Department of Financial Services, Examination Report (Genworth Life Insurance Company of New York, NAIC 72990) - includes ownership, product discontinuations, and reinsurance detail: https://www.dfs.ny.gov/reports_and_publications/exam_reports/life_insurance/72990c14.