iA Financial completed the acquisition of Vericity from J.C. Flowers for $170m.

iA Financial, an insurance and wealth management company, completed the acquisition of Vericity, an insurance company, from J.C. Flowers, a private investment firm, for $170m. “This milestone marks the start of a new chapter for Vericity and we are proud to join the iA family. Combining our teams and resources unlocks exciting new opportunities to extend the capabilities of Fidelity Life and eFinancial to make life insurance more accessible and affordable for everyday Americans. We also see abundant possibilities ahead for our employees who will play a pivotal role in charting and achieving our future growth potential,” James Hohmann, Vericity CEO.