Western & Southern to make $1.5B acquisition

Western & Southern Financial Group has reached an agreement to purchase another insurance company for $1.55 billion.

The Cincinnati-based insurer will acquire Gerber Life Insurance Co. from parent Nestle S.A. along with a long-term license to use Gerber Life intellectual property in connection with financial services.

The acquisition of Gerber Life is expected to increase Western & Southern’s assets owned and under management to $77.1 billion and increase its ratio of life insurance business…

Previous $242M investment in Gaylord Rockies beefs up Nashville company's western presence
Next Kerry Killinger discusses Washington Mutual failure in rare public appearance

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *