Alabama’s Protective Life Acquires Part of Great-West Life for $1.2 Billion

Posted on 01/26/2019

In a major deal, Great-West Life & Annuity Insurance Company (GWL&A), a unit of Winnipeg-based Great-West Lifeco U.S. LLC, agreed to sell the majority of its individual life insurance and annuity business to Protective Life Insurance Company for an estimated US$ 1.2 billion, through a reinsurance transaction. The transaction is expected to close in the […]