CDPQ and OTPP-backed Constellation Insurance Holdings to acquire Columbian Mutual Life Insurance Company for $100m.

CDPQ and OTPP-backed Constellation Insurance Holdings, an insurance holding company targeting acquisitions of life and P&C insurers, agreed to acquire Columbian Mutual Life Insurance Company, a provider of high-quality, affordable life insurance protection, for $100m. “Columbian is an impressive company with significant growth potential. We look forward to partnering with Michael and the management team to significantly accelerate Columbian’s organic and inorganic growth trajectory and firmly position the company as a leader in targeted life insurance market segments,” Anurag Chandra, Constellation Insurance Holdings Founder, Chairman and CEO.