The Standard to acquire the life & disability business of Elevance Health.

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.