has agreed to be acquired by

Cincinnati Equitable Life Insurance Company

Acted as exclusive advisor to Cincinnati Equitable Life Insurance Company (CELIC) in its announced sale to Global Bankers Insurance Group.  CELIC provides life insurance products and related services through the funeral industry, emphasizing the integration of advance funeral planning as an extension of the funeral arrangement service.  CELIC has maintained a presence in the preneed insurance marketplace for over a decade and is one of the market leaders in its operating region.  Global Bankers Insurance Group is a consortium of insurance and reinsurance companies, focusing on life insurance and annuities.  Some of its members include Bankers Life Insurance Company, Colorado Bankers Life Insurance Company, and Southland National Insurance Corporation.  Global Bankers’ extensive capital and technological resources will support CELIC’s plans to modernize its policy and service administrative platforms and enhance its product portfolio to better serve its existing and future policyholders.

has sold certain assets to

PEMCO Life Insurance Company

Acted as the exclusive financial advisor to PEMCO Life Insurance Company, a wholly-owned subsidiary of PEMCO Mutual Insurance Company, in the sale to Sagicor Life Insurance Company.  PEMCO has decided to exit the life business to concentrate on its core business of personal lines property and casualty insurance and has chosen Sagicor specifically because of its focus on customer service, its commitment to community and corporate citizenship, and its financial strength. Through this acquisition, Sagicor will acquire approximately 10,000 term and whole life policies and 7,500 new clients.

has acquired certain assets of
 

Wilton Re

Advised Wilton Life Re and initiated its acquisition of Utica National Life Insurance Company, a subsidiary of Utica National Insurance Group. Utica Life’s business is primarily ordinary life insurance sold through independent agents. Wilton Life Re purchased the company with approximately $250 million in assets and $20 million in premiums. $33 million transaction.
has affiliated with
 

COUNTRY Companies

Acted as exclusive financial advisor to Country Life Insurance Company and Country Mutual Insurance Company in their acquisition of Cotton States Life Insurance Company and affiliation with Cotton States Mutual Insurance Company. The affiliation was followed by the purchase of the publicly held shares of Cotton States Life valued at $135 million. The affiliation will increase the Country pool by $300 million of personal lines premium located in Georgia, Alabama, Tennessee, and Florida.
has sold certain assets to
 

GuideOne Life

Acted as the exclusive financial advisor to GuideOne Insurance Group in its sale of GuideOne Life Insurance Company to Kansas City Life Insurance Company. West Des Moines, IA based GuideOne Life sells individual life, annuity and group products through captive and independent multi-line agents, and in 2002 generated over $58 million in direct premiums and annuity considerations. The proceeds will enable GuideOne Insurance to strengthen its capital position and build surplus, and GuideOne Life’s policyholders will benefit from a strong A-rated insurer committed to excellent customer service. $103.1 million transaction.

OTHER TRANSACTIONS

Client


ABC Insurance Company

DEF Insurance Company

Advisory Role


Sale to XYZ Insurance Company

Affiliation with UVW Insurance Company