Protective Enters Agreement to Reinsure Liberty Life and Annuity Business
By a
The transaction represents a capital investment by Protective of approximately
The life and annuity segments are a cornerstone of Protective's business. The addition of the Liberty Life individual life and annuity business provides Protective the opportunity for growth and expansion through these segments in the future.
When closed, this acquisition will be the third transaction completed since Protective joined Dai-ichi in 2015. Dai-ichi considers Protective to be the Group's growth platform in
The closing is expected to occur in second quarter 2018, subject to the receipt of regulatory approvals and satisfaction of customary closing conditions. ABOUT
For more information on Protective, please visit www.Protective.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20180119005300/en/
Keywords for this news article include: Business, Financial Companies, Life Insurance Companies,
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