Blue Cross Life to Acquire StanCorp Financial Group’s Canadian Voluntary Benefits Portfolio
March 20, 2026
Blue Cross Life Insurance Company of Canada agreed to acquire StanCorp Financial Group’s Canadian voluntary benefits business, which offers critical illness and accident insurance. The acquisition (covering about 170,000 employees and their families) was expected to close in late 2026 pending regulatory approvals, and is later reported as closed on July 3, 2026.
- Buyers
- Blue Cross Life Insurance Company of Canada
- Targets
- StanCorp Financial Group, Inc. (Canadian voluntary benefits business/portfolio)
- Sellers
- StanCorp Financial Group, Inc.
- Industry
- Healthcare Services
- Location
- Canada
- Transaction Type
- Buyout
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