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.