Dai-ichi Life-backed Protective Life completed the acquisition of ShelterPoint from Eos Partners.

Dai-ichi Life-backed Protective Life, a financial service holding company, completed the acquisition of ShelterPoint, a life Insurance company, from Eos Partners, an alternative investment firm. Financial terms were not disclosed. “As a leader in the employee benefits space with a strong commitment to customer service, ShelterPoint stood out as a great business for Protective to add to our already diversified product mix. We welcome ShelterPoint’s teammates to the Protective family and look forward to continuing ShelterPoint’s great customer care to its more than two million customers,” Rich Bielen, Protective President and CEO.