Aspida (Ares) Acquires Global Bankers Insurance Group

July 15, 2021

Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corporation, has closed the acquisition of Global Bankers Insurance Group, LLC and will rebrand the business as Aspida Financial Services, LLC. The deal brings a team of over 100 insurance professionals and an operations and technology platform to support Aspida's nationwide life and annuity platform and its plans to begin issuing annuities in 2022.

Buyers
Aspida Holdings Ltd., Ares Management Corporation
Targets
Global Bankers Insurance Group, LLC
Platforms
Aspida Financial Services, LLC
Location
North Carolina, United States
Transaction Type
Addon

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