Globe Life completed the acquisition of Beazley Benefits.

Globe Life, an insurance holding company, completed the acquisition of Beazley Benefits, a provider of supplemental health solutions catering to the employee benefits market. Financial terms were not disclosed. “Beazley Benefits has provided accident and health insurance solutions in the US since 2010, partnering with producers to offer supplemental health solutions for the employee benefits market. It has grown into a profitable business that meets the needs of a solid client base, thanks to our highly experienced team. The US employee benefit market operates outside Beazley plc’s core businesses, so to ensure Beazley Benefits maximizes its potential, we have agreed to sell our US employee benefits business to Globe Life,” Adrian Cox, Beazley CEO.