Pan-American Life Insurance Company to acquire Encova Life Insurance from Encova Mutual Insurance Group.

Pan-American Life Insurance Company, a provider of life, accident and health insurance, agreed to acquire Encova Life Insurance, an insurance company, from Encova Mutual Insurance Group, a provider of insurer ratings. Financial terms were not disclosed. “We have had strong success in our property and casualty operations as evidenced by our recent AM Best upgrade, and we want to focus exclusively on leveraging this recent P&C success. We remain committed to our agency partners, and we will help ensure this transition to Pan-American Life is a smooth process for our life agents and policyholders,” TJ Obrokta, Encova Insurance President and CEO.