Symetra to acquire life and disability business from HCSC-backed Dearborn.

Symetra, a family of companies providing retirement plans, employee benefits, annuities and life insurance through independent distributors nationwide, agreed to acquire life and disability business from HCSC-backed Dearborn, an insurance company. Financial terms were not disclosed. “This is a significant transaction for Symetra and Dearborn Group, and an important opportunity for our Benefits division. Symetra’s strategic plan envisions opportunities across many parts of our business. Dearborn Group’s well-regarded life and disability business complements our own, allowing us to reach a wider range of employer groups and accelerating the growth of our workforce benefits line. In addition, the distribution agreement with HCSC will significantly broaden the reach of our workforce benefits products. We expect this to be an important growth driver in the years ahead," Margaret Meister, Symetra Financial President and Chief Executive Officer.