JAB Insurance acquires Columbian Financial Group (Columbian Mutual Life Insurance Company and Columbian Life Insurance Company)
November 18, 2025
JAB Insurance signed an agreement to acquire Columbian Mutual Life Insurance Company (CML) and its Illinois subsidiary Columbian Life Insurance Company (CLIC), collectively Columbian Financial Group, as the centerpiece of a Plan of Rehabilitation. The transaction was completed after court and regulatory approvals, enabling the insurers to emerge from rehabilitation with a stable long-term home for policyholders.
- Buyers
- JAB Insurance
- Targets
- Columbian Mutual Life Insurance Company, Columbian Life Insurance Company
- Sellers
- Rehabilitators of CML and CLIC (including the New York Liquidation Bureau and Illinois Office of the Special Deputy)
- Industry
- Insurance
- Location
- New York, United States
- Transaction Type
- Buyout
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