Global Atlantic Financial Group, a retirement and life-insurance company, announced Wednesday that it had completed renovations of its office space on the 18th floor of the Gold Building in downtown Hartford.
In January 2023, the company announced plans to expand its presence in the capital city, taking on an additional 11,500 square feet in the iconic building at One Financial Plaza to support 100 new employees.
Global Atlantic currently has about 300 employees in Hartford, 100 of whom were added last year. With the expanded footprint, Global Atlantic plans to increase its Hartford employee base to 400, the company said.
“This expansion allows us to continue attracting talent in the Hartford region – one of the premier insurance talent markets in the country,” said Dan O’Shea, chief administrative officer at Global Atlantic.
The company renovated a total of 29,000 square feet of space, which included a full reconstruction of the 18th floor, and an ongoing partial renovation of the 24th floor, according to the announcement.
The new space includes a large café, game room, coffee bar and several lounge areas.
Global Atlantic now occupies 47,000 square feet of the Gold Building.
“Global Atlantic is in growth mode and the Hartford office expansion is an example of the momentum we have in the insurance industry,” said Rob Arena, Global Atlantic’s co-president and head of individual markets. “We thank the State of Connecticut for its support and look forward to building on our existing relationship in the years to come.”
The Department of Economic and Community Development will provide Global Atlantic up to $695,640 in grants if the company creates and retains 100 full-time jobs over seven years.
Hartford is now the largest of Global Atlantic’s nine offices across the United States and in Bermuda.
A ribbon-cutting event was held Wednesday featuring Gov. Ned Lamont, Commissioner-designate Daniel O’Keefe from the Connecticut Department of Economic and Community Development and Hartford Mayor Arunan Arulampalam.
“Since opening its Hartford offices several years ago, Global Atlantic has continued to grow and strengthen its presence in Connecticut, and I look forward to seeing this company thrive here for years to come,” Lamont said.
Global Atlantic is a wholly owned subsidiary of KKR, a global investment firm.