CUNA Mutual Group completed the acquisition of Global Preneed from Assurant for $1.3bn.

CUNA Mutual Group, an insurance, investment and financial services company, completed the acquisition of Global Preneed, a prearranged funeral insurance and final expense business, from Assurant, a global provider of lifestyle and housing solutions for $1.3bn. “This transaction represents a successful outcome for all of our stakeholders, including our Global Preneed employees, clients, partners, policyholders and shareholders, The sale of Global Preneed is another important milestone in our transformation of Assurant, sharpening our focus on our market-leading lifestyle and housing businesses, and better positioning our company to capitalize on future growth opportunities emerging around the connected consumer,” Alan Colberg, Assurant President and CEO.