Prosperity Life Assurance to acquire closed-book businesses from National Guardian Life.

Prosperity Life Assurance, an insurance related services, agreed to acquire closed-book businesses from National Guardian Life, an American insurance firm. Financial terms were not disclosed. “This transaction is a significant milestone for NGL in executing our strategic capital optimization plan and is aligned with our objective of continually improving our return on surplus and risk-based capital position,” Knut A. Olson, NGL President & CEO.