Pan-American Life Insurance Group Merges Mutual Trust Life Insurance Company into Pan-American Life Insurance Company

Pan-American Life Acquires Encova Life Insurance Company

January 3, 2024

Insurance

Pan-American Life Insurance Company (PALIC) has completed the acquisition and merger of Encova Life Insurance Company. The transaction adds roughly $60 million in revenue, over $500 million in total assets, $35 million in insurance premiums and about 79,000 covered lives to PALIC’s U.S. life insurance business, strengthening its U.S. scale and Mutual Trust Life Solutions division.

Alliant Insurance Services Acquires Property Owners Protection Insurance Company (POPIC)

April 8, 2024

Insurance

Alliant Insurance Services has acquired Property Owners Protection Insurance Company, LLC (POPIC), a national captive program manager focused on multifamily and single-family residential portfolios. POPIC will join Alliant’s Alliant Underwriting Solutions division to expand the company’s residential real estate underwriting products and program administration capabilities; terms were not disclosed.

Mutual of America Acquires Landmark Life Insurance Company

April 26, 2022

Insurance

Mutual of America Financial Group entered into a Stock Purchase Agreement to acquire Landmark Life Insurance Company, a Texas-based life and annuity insurer owned by The Jarvis Family Limited Partnership. The deal (expected to close in Q3 2022 per the announcement) is intended to expand Mutual of America's guaranteed retirement income capabilities and distribution reach beyond New York.

Tangram Insurance Services Acquires Personal Care and Assisted Living Insurance Center (PCALIC)

April 12, 2021

Insurance

Tangram Insurance Services, a national managing general underwriter and program manager based in Petaluma, California, acquired Hanover, Pennsylvania-based Personal Care and Assisted Living Insurance Center (PCALIC) effective April 1, 2021. The acquisition brings PCALIC’s specialty insurance programs for adult residential care facilities, nonprofits, and animal welfare organizations into Tangram’s national platform to support capability and footprint expansion.

Alliant Insurance Services Acquires Polley Insurance and Risk Management

December 7, 2022

Insurance

Alliant Insurance Services has acquired Polley Insurance and Risk Management, expanding Alliant's presence and capabilities in the Sacramento region. Polley — a 21-year-old independent insurance brokerage focused on commercial insurance, risk management, employee benefits and personal insurance — will continue to operate from its Gold River, California headquarters; terms were not disclosed.

HDI Global Insurance Company Acquires Indiana Lumbermens Insurance Company

December 5, 2023

Insurance

HDI Global Insurance Company has acquired 100% of Indiana Lumbermens Insurance Company (ILIC) from Pennsylvania Lumbermens Mutual Insurance Company (PLM); the transaction closed on November 30, 2023 and the purchase price was not disclosed. The acquisition gives HDI additional U.S. admitted carrier licenses and a Treasury listing, enabling a faster entry into the U.S. surety market and broadening HDI's U.S. specialty insurance product offerings.