Eliphalet Adams Bulkeley
Eliphalet Adams Bulkeley was an American business executive, politician, and first president of the Aetna Insurance Company.Life and career
Bulkeley was born June 20, 1803 in Colchester, Connecticut, the son of Sarah and John Charles Bulkeley. He attended Bacon Academy. Bulkeley earned his Bachelor's and law degree from Yale University and practicing law in Lebanon, Connecticut and Selma, Alabama. Bulkeley later moved to East Haddam, Connecticut, where he worked as a banker, town representative, member and Speaker of the Connecticut House of Representatives, state's attorney, and judge. Bulkeley became the president of the Connecticut Mutual Life Insurance Company, founded in 1846, the first life insurance company in Connecticut.
In 1847, Bulkeley became director and general counsel of the Aetna Insurance Company. In 1850, when a subsidiary, Annuity Fund, was formed to sell life insurance, Bulkeley was named its administrative head.
When Annuity Fund was reorganized in 1853 as the Aetna Life Insurance Company, Bulkeley became its first president. When the Panic of 1857 caused many Aetna stockholders to talk of dissolving the company, Bulkeley refused. In 1861, the industry again suffered a downturn; rather than pull back, however, Bulkeley embarked on a more aggressive marketing campaign which proved prescient when interest in life insurance soared during the war, and Aetna became one of America's leading life insurance companies. Bulkeley had two children, Charles and Morgan. Charles died in the Civil War, and Morgan Bulkeley served as Mayor of Hartford, Governor of Connecticut, and U.S. Senator from Connecticut.
Bulkeley died on February 13, 1872 in Hartford, Connecticut.
