Abacus Life went public via a SPAC merger with East Resources Acquisition in a $618m deal.

Abacus Life, a buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, went public via a SPAC merger with East Resources Acquisition in a $618m deal. “We are thrilled to be partnering with East Resources on this significant milestone. They share our excitement about the opportunity ahead and bring invaluable expertise and knowledge in alternative investments. This transaction is an important milestone and will assist in accelerating the scale of our platform to increase penetration into the growing $233bn potential Annual Life Settlement market," Jay Jackson, Abacus Life CEO.