Nassau Financial Group to Acquire Delaware Life Insurance Company of New York

Fortress Investment Group Makes $130M Minority Investment in Nassau Financial Group

September 1, 2023

Financial Services

Fortress Investment Group invested $130 million in Nassau Financial Group, acquiring a minority non-voting common equity stake (approximately 7.7%) as part of a strategic partnership that closed on September 1, 2023. The deal includes a long-term Investment Management Agreement giving Nassau's insurance subsidiaries access to Fortress' credit strategies; Golden Gate Capital remains Nassau's majority shareholder.

Dreamscape Industries Acquires LifeSecure Insurance Company

October 3, 2025

Insurance

Dreamscape Industries, a privately held, family-owned investment firm based in New York, has completed its acquisition of LifeSecure Insurance Company, effective October 3, 2025. LifeSecure will retain its New Hudson, Michigan headquarters and continue selling its long-term care and ancillary health insurance products while pursuing growth and expanded product offerings under new leadership.

Federal Life Insurance Company Acquires Texas Service Life Insurance Company

June 4, 2025

Financial Services

Federal Life Insurance Company has acquired Texas Service Life Insurance Company, a Texas-based preneed insurance provider, as part of a push to expand preneed offerings nationally. Federal Life — rated A- by AM Best and backed by Bain Capital — named George Wise president of Texas Service Life and signaled plans for expanded product and distribution efforts serving families and funeral-home partners.

Allstate Acquires National General Holdings

July 7, 2020

Insurance

The Allstate Corporation agreed to acquire National General Holdings Corporation for approximately $4.0 billion in cash (total $34.50 per share including expected closing dividends), a transaction expected to close in early 2021 subject to regulatory approvals. The deal expands Allstate's personal lines premiums by about $4.0 billion, increases market share among independent agent distribution, and is expected to be accretive to adjusted net income per share and ROE in the first year.

Reliance Standard Acquires Standard Security Life Insurance Company of New York

January 3, 2022

Insurance

Reliance Standard Life Insurance Company, a member of the Tokio Marine Group, has completed its acquisition of Standard Security Life Insurance Company of New York (SSL) from Independence Holding Company. SSL, a leading provider of New York DBL and statutory paid family leave insurance with ~1 million covered employees across 60,000 employer groups and ~70 employees, will operate as a wholly owned subsidiary of Reliance Standard and expand Reliance Standard's New York market position.

Align Financial Holdings Acquires National Lloyds Corporation; Carriers Sold to ReAlign Insurance Holdings

July 1, 2020

Insurance

Hilltop Holdings completed the sale of its wholly owned subsidiary National Lloyds Corporation to Align Financial Holdings, LLC on June 30, 2020, after receiving regulatory approvals. Align concurrently sold National Lloyds' insurance carriers (National Lloyds Insurance Company and American Summit Insurance Company) to ReAlign Insurance Holdings, LLC; the transaction positions Align to scale its specialty insurance platform while Hilltop monetized the subsidiary.