Announced
Financials
Tags
Single Bidder
Life Insurance
Majority
Private
Pending
Friendly
United States
Acquisition
Domestic
health insurance
Synopsis
The Standard, an insurance and financial services company, agreed to acquire the life & disability business of Elevance Health, a health insurance provider. Financial terms were not disclosed. “In researching acquisition opportunities in the group benefits space, the Elevance Health Life & Disability unit stood out as an ideal fit with our customer-first ethic and deep relationships with brokers and their employer customers. We look forward to welcoming the L&D employees to The Standard and to a mutually beneficial distribution partnership with Elevance Health as we move forward,” Dan McMillan, The Standard President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.