Reinsurance News
Protective Life Corporation
Protective Life to acquire Abry Partners’ portfolio company
3rd November 2025
Private equity firm Abry Partners announced that its portfolio company, Portfolio Holding, Inc., has entered into an agreement to be acquired by Protective Life Insurance Company, the principal subsidiary of Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. The transaction is expected to close in the ... Read the full article
Resolution Life signs $9.7bn reinsurance agreement with Protective
7th March 2025
Resolution Life has signed a $9.7 billion reinsurance agreement with Protective, a U.S. subsidiary of Dai-ichi Life Holdings, Inc. Protective’s operating subsidiaries, Protective Life Insurance Company and West Coast Life Insurance Company, will reportedly cede in-scope blocks of structured settlement annuities and secondary guaranteed universal life policies currently in runoff to ... Read the full article
Protective Life Corporation sells Concourse Securities and Concourse Agency
9th October 2024
Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, has entered into agreements to sell Concourse Financial Group Securities (Concourse Securities) and Concourse Financial Group Agency (Concourse Agency). This includes an asset purchase agreement with Cetera Financial Group (Cetera) to acquire Concourse Securities, and a stock purchase agreement with ... Read the full article
Protective enters agreement to acquire ShelterPoint
11th April 2024
Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, Inc., has revealed that its principal subsidiary, Protective Life Insurance Company, has agreed to acquire ShelterPoint Group, Inc. ShelterPoint is a provider of statutory disability, paid family and medical leave, as well as medical gap insurance products, among others. The transaction is ... Read the full article
Protective Life hires RGA’s Cox as President of Protection Division
15th July 2022
Protective Life, a wholly owned US subsidiary of Dai-ichi Life Holdings, Inc. has appointed Reinsurance Group of America’s (RGA) Kathryn Cox as Senior Vice President, and President of the company’s Protection Division. Within her new role, Cox will lead sales, as well as new business operations, product development and underwriting for ... Read the full article
Protective appoints Pooja Rahman as Chief Risk Officer
15th June 2021
Protective Life Corporation, a wholly owned subsidiary of Dai-ichi Life Holdings, has announced the appointment of Pooja Rahman as Senior Vice President (SVP) and Chief Risk Officer. With over 20 years of risk management, finance and legal experience in the insurance industry, Rahman most recently served as Head of Financial Risk ... Read the full article
Progressive completes takeover of Protective Insurance
2nd June 2021
Property and auto-focused insurance group Progressive has announced the completion of its acquisition of Protective Insurance Corporation for approximately $338 million. First announced in February 2021, the transaction saw Protective shareholders receive $23.30 per share in cash, without interest, for their Class A and Class B common shares. The per share ... Read the full article
Protective Life appoints Michael Morrissey as Chairman
25th May 2021
Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc., has announced the appointment of Michael J. Morrissey as Chairman of its Board of Directors. Morrissey has served on Protective’s Board of Directors since May 2020 and previously served as President and Chief Executive Officer of the International ... Read the full article
Protective to acquire F&I insurer Revolos
28th September 2020
Protective Life Corporation (Protective), a wholly owned US subsidiary of Dai-ichi Life Holdings, Inc., has entered into an agreement to acquire the Revolos family of companies. Headquartered in Atlanta, Georgia, Revolos is a Finance & Insurance (F&I) solutions provider. Protective Asset Protection has been providing F&I solutions to the automotive industry for ... Read the full article
Protective completes reinsurance transaction with Great-West Lifeco
4th June 2019
Great-West Lifeco Inc. subsidiary, Great-West Life & Annuity Insurance Company (GWL&A) has completed the sale, via reinsurance of all of its individual life insurance and annuity business to Protective Life Insurance Company, a subsidiary of Protective Life Corporation. The transaction was previously announced on January 24th, 2019 and the business sold includes bank-owned ... Read the full article
Protective completes $1.2bn reinsurance deal with Liberty Life
2nd May 2018
Protective Life Corporation, a wholly owned U.S subsidiary of Dai-ichi Life Holdings, Inc., has announced that it has successfully completed the acquisition of all the individual life and annuity business of Liberty Life Assurance Company of Boston (Liberty Life) in a reinsurance deal valued at $1.2 billion. Protective entered the ... Read the full article
Protective in reinsurance agreement to acquire Liberty Life and Annuity operations
19th January 2018
Dai-ichi Life Holdings, Inc.'s wholly owned U.S. subsidiary, Protective Life Corporation (Protective), has entered into a reinsurance agreement with Lincoln Financial Group, under which its life and annuity subsidiaries will acquire all of the life and annuity business of Liberty Life Assurance Company of Boston (Liberty Life). Protective subsidiaries, Protective Life ... Read the full article
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