JAB Insurance to acquire Columbian Mutual Life Insurance Company and Columbian Life Insurance Company.

JAB Insurance, a fully integrated life insurance platform, agreed to acquire Columbian Mutual Life Insurance Company, a provider of life insurance coverage, and Columbian Life Insurance Company, a company which specialises in various life insurance products, including term, whole life and final expense policies. Financial terms were not disclosed. By bringing these rehabilitated companies into the JAB Insurance family, policyholders will gain the benefit of this platform’s full operational, asset liability management, investment, risk management and financial capabilities, rather than facing uncertain outcomes under rehabilitation or liquidation.