Symetra completed the acquisition of 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, completed the acquisition of life and disability business from HCSC-backed Dearborn, an insurance company. Financial terms were not disclosed. “This is a significant milestone for Symetra that will reshape and rescale a rapidly growing portion of our business. It signals our commitment to being a leader in the US group benefits business and advances our vision of supporting greater access to financial freedom by reaching more people with the protection and benefits they need. Importantly, this new chapter is grounded in the strong cultural alignment between Symetra and Dearborn Group and our shared values. As we welcome nearly 450 talented new employees to Symetra, we are committed to ensuring a seamless integration experience for our customers and partners,” Margaret Meister, Symetra Financial President and Chief Executive Officer.