Meiji Yasuda Group Acquires Banner Life and William Penn

Mid Penn Bancorp Acquires William Penn Bancorporation

April 30, 2025

Financial Services

Mid Penn Bancorp, Inc. completed its all-stock acquisition of William Penn Bancorporation on April 30, 2025 in a transaction valued at approximately $120 million. The merger combines William Penn Bank into Mid Penn Bank, expands Mid Penn’s footprint into the Greater Philadelphia and Southern New Jersey regions, and results in consolidated assets of about $6.3 billion; William Penn’s CEO Kenneth J. Stephon joins Mid Penn’s board and senior leadership.

Mutual of America Acquires Landmark Life Insurance Company

April 26, 2022

Insurance

Mutual of America Financial Group entered into a Stock Purchase Agreement to acquire Landmark Life Insurance Company, a Texas-based life and annuity insurer owned by The Jarvis Family Limited Partnership. The deal (expected to close in Q3 2022 per the announcement) is intended to expand Mutual of America's guaranteed retirement income capabilities and distribution reach beyond New York.

Shin Kong Life and Taishin Life Complete Merger Under TS Financial Holdings

January 1, 2026

Insurance

Shin Kong Life Insurance and Taishin Life Insurance, both subsidiaries of TS Financial Holdings, completed their merger effective January 1, 2026, with Taishin Life as the surviving entity renamed Shin Kong Life Insurance. The combined company, with total assets surpassing NT$4 trillion and a Contractual Service Margin (CSM) expected to exceed NT$250 billion, will integrate product portfolios and distribution channels to strengthen capital flexibility, cross-selling, digital transformation, and long-term profitability under IFRS 17 and ICS frameworks.

S. USA Life (Prosperity Life Group) Acquires National Western Life Group for $1.9 Billion

July 9, 2024

Insurance

S. USA Life Insurance Company, Inc. (a Prosperity Life Group company) completed an all-cash merger to acquire National Western Life Group, Inc. for approximately $1.9 billion, with each National Western share converted into $500 in cash. The deal brings National Western into Prosperity's insurance platform to scale distribution, expand capabilities, and integrate institutional expertise.

Assured Guaranty Acquires Warwick Re Limited to Launch Assured Life Reinsurance Ltd.

January 21, 2026

Financial Services

Assured Guaranty Ltd. acquired Bermuda-based life and annuity reinsurer Warwick Re Limited for approximately $158 million, closing on January 21, 2026, and renamed it Assured Life Reinsurance Ltd. The acquisition gives Assured Guaranty an immediate platform to reinsure fixed-term annuities, multi-year guaranteed annuities (MYGA) and U.K. bulk purchase annuities (pension risk transfers), and to expand its capabilities in the annuity reinsurance market.

JAB Insurance Acquires Prosperity Life Group from Elliott Investment Management

September 5, 2025

Insurance

JAB Insurance has completed its acquisition of Prosperity Life Group from Elliott Investment Management. Prosperity — which serves roughly one million policyholders and manages nearly $30 billion in assets — will become a foundational part of JAB Insurance as the buyer seeks to build a global life insurance platform and expand its capabilities.