Pan-American Life Acquires Encova Life Insurance Company
January 3, 2024
Pan-American Life Insurance Company (PALIC) has completed the acquisition and merger of Encova Life Insurance Company. The transaction adds roughly $60 million in revenue, over $500 million in total assets, $35 million in insurance premiums and about 79,000 covered lives to PALIC’s U.S. life insurance business, strengthening its U.S. scale and Mutual Trust Life Solutions division.
- Buyers
- Pan-American Life Insurance Company
- Targets
- Encova Life Insurance Company
- Sellers
- Encova Insurance
- Industry
- Insurance
- Location
- Ohio, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Eurovita Acquires Pramerica Life from Prudential Financial
August 1, 2019
Insurance
Eurovita Holding S.p.A., the Cinven-backed Italian life insurer, has signed an agreement to acquire Pramerica Life S.p.A. from Prudential Financial, Inc. The acquisition expands Eurovita's distribution network and capabilities in the life protection segment and is subject to customary IVASS and antitrust approvals.
-
Aquarian Holdings Acquires Pavonia Life Insurance Company of New York
February 16, 2021
Insurance
Aquarian Holdings has closed its acquisition of Pavonia Life Insurance Company of New York from a wholly owned U.S. subsidiary of Enstar Group Limited. The deal expands Aquarian's insurance portfolio (PLICNY is the firm's second insurance acquisition); financial advisor to Aquarian was RBC Capital Markets and legal advisor was Debevoise & Plimpton. Terms were not disclosed and the transaction completed following customary regulatory approvals.
-
AmeriLife Acquires The Equita Group and Affiliate MACC Insurance Services
October 15, 2020
Insurance
AmeriLife Group, LLC acquired The Equita Group (Equita Financial and Insurance Services) and affiliate MACC Insurance Services to expand its final expense distribution and call-center capabilities. The deal adds Equita's large independent agent network, Medicare brokerage volume and a dedicated call-center platform to AmeriLife's Life & Health Brokerage Distribution channel.
-
Sun Life Acquires PinnacleCare
April 23, 2021
Healthcare Services
Sun Life Financial agreed to acquire PinnacleCare, a Maryland-based medical intelligence and health-care navigation provider, for US$85 million to expand its U.S. Stop-Loss & Health business. The acquisition (expected to close mid-2021) will integrate PinnacleCare's care-navigation and second-opinion capabilities into Sun Life's stop-loss offering to improve member outcomes and reduce costs.
-
EPIC Insurance Brokers & Consultants Acquires Price Insurance
October 28, 2025
Professional Services
EPIC Insurance Brokers & Consultants has acquired Price Insurance, a fourth-generation independent insurance agency based in Lake Forest, Illinois. The acquisition expands EPIC's Private Client practice and Midwest presence by adding Price Insurance's team and capabilities serving high-net-worth families and local businesses.
-
Alliant Insurance Services Acquires Property Owners Protection Insurance Company (POPIC)
April 8, 2024
Insurance
Alliant Insurance Services has acquired Property Owners Protection Insurance Company, LLC (POPIC), a national captive program manager focused on multifamily and single-family residential portfolios. POPIC will join Alliant’s Alliant Underwriting Solutions division to expand the company’s residential real estate underwriting products and program administration capabilities; terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.