CNO Financial Group acquired Web Benefits Design for $66m.

CNO Financial Group, a financial services holding company based in Carmel, Indiana, acquired Web Benefits Design, a leading national employee benefits technology, communication, and administration firm, for $66m. “CNO is the right partner to help us reach the next level of success while preserving what makes us valuable to our clients and partners,” said Bethany Schenk, president and chief executive officer of Web Benefits Design. “We are excited to join a company that shares our vision and values while supporting our entrepreneurial spirit. Linking our industry-leading platform with CNO’s operational infrastructure, insurance product portfolio and national sales force will create a win-win situation for all of our customers, brokers and carrier partners.”