Independent Insurance Group to acquire Sterling National Life Insurance from SILAC Insurance.

Independent Insurance Group, a holding company that operates as a general insurance company, agreed to acquire Sterling National Life Insurance, an insurance firm, from SILAC Insurance, a life insurance company. Financial terms were not disclosed. "This acquisition is a key element of our broader strategy to continually enhance our overall business profile. Building upon the strong foundation we have created to date, Sterling National brings us licenses in the majority of states across the US, further expanding our footprint, market presence and diversification potential," George Luecke, Independent Group President and Chief Strategy Officer.