has been acquired by

Cincinnati Equitable Life Insurance Company

Acted as exclusive financial advisor to Cincinnati Equitable Life Insurance in its sale to Farm Bureau Insurance of Michigan. Cincinnati Equitable Insurance Company, founded in 1826, and headquartered in Cincinnati, Ohio, is licensed to sell property casualty insurance in the states of Illinois, Indiana, Kentucky, Ohio, and Pennsylvania. Cincinnati Equitable Life provides pre-need and final expense life insurance solutions in the states of Georgia, Indiana, Kentucky, Mississippi, Ohio, and Tennessee. President Greg Baker and his colleagues at Cincinnati Equitable will continue to operate from their home office in Cincinnati, Ohio.

has been acquired by

Grange Life Insurance Company

Acted as exclusive financial advisor to Grange Life Insurance Company in its sale to Kansas City Life Insurance Company. Based in Columbus, OH, Grange Life is a long-standing Midwestern life insurer that provides financial protection through life insurance and annuity products. Established in 1895 and based in Kansas City, MO, Kansas City Life Insurance Company is a publicly traded life insurance company, operating in 49 states and the District of Columbia. The acquisition creates an Ohio-based hub for Kansas City Life, further strengthening its geographic composition. Following the acquisition, Grange Life personnel will continue to service existing policyholders and will assist in distributing Grange Life and Kansas City Life products. Theresa Mason will continue to serve as President of Grange Life after the acquisition is completed.

PhiloSmith has provided M&A services to CELIC


Cincinnati Equitable Life Insurance Company

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.

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.



ABC Insurance Company

DEF Insurance Company

Advisory Role

Sale to XYZ Insurance Company

Affiliation with UVW Insurance Company