JAB Insurance Acquires Columbian Mutual Life Insurance Company and Columbian Life Insurance Company (Columbian Financial Group)
November 18, 2025
JAB Insurance has signed a purchase agreement to acquire New York-based Columbian Mutual Life Insurance Company and its Illinois-based subsidiary, Columbian Life Insurance Company, collectively known as Columbian Financial Group, as the centerpiece of CML’s proposed Plan of Rehabilitation. The deal will provide new equity capital to help the rehabilitated insurers emerge with policyholder contracts intact, pending court and regulatory approvals.
- Buyers
- JAB Insurance
- Targets
- Columbian Mutual Life Insurance Company, Columbian Life Insurance Company
- Sellers
- Rehabilitator of CML and her staff at the New York Liquidation Bureau (NYLB), Rehabilitator of CLIC at the Illinois Office of the Special Deputy (OSD)
- Platforms
- JAB Insurance
- Industry
- Insurance
- Location
- Florida, United States
- Transaction Type
- Buyout
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