Symetra Life Insurance to Acquire Dearborn Group Life & Disability Business
June 30, 2025
Dearborn Group and Symetra announced a definitive agreement under which Symetra Life Insurance Company will acquire Dearborn Group’s group life and disability (L&D) business via a reinsurance transaction. Symetra will also enter an exclusive multi-year product distribution arrangement to offer its L&D products to Health Care Service Corporation (HCSC) customers, with closing expected in the second half of 2025.
- Buyers
- Symetra Life Insurance Company, Health Care Service Corporation (HCSC)
- Targets
- Dearborn Group's group life and disability (L&D) business
- Sellers
- Dearborn Group
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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.
-
Health Care Service Corporation Acquires Cigna's Medicare Businesses
March 19, 2025
Healthcare Services
Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses. The divestiture streamlines Cigna’s portfolio and provides HCSC with expanded Medicare capabilities and geographic presence across the United States; Cigna intends to deploy proceeds largely for share repurchases.
-
LTC Global Acquires NJ LTC and DI Brokers Corporation (NJLTC)
November 5, 2020
Insurance
LTC Global, Inc. (headquartered in Fort Myers, Florida) has acquired Hazlet, New Jersey-based NJ LTC and DI Brokers Corporation (NJLTC), a specialist in long-term care and disability income insurance. The deal brings nationally recognized disability income expertise and distribution relationships to LTC Global; Dennis O'Connor III will continue to manage the business.
-
Health Care Service Corporation (HCSC) Completes Acquisition of Cigna’s Medicare and CareAllies Businesses
March 19, 2025
Healthcare Services
Health Care Service Corporation (HCSC) completed its previously announced acquisition of The Cigna Group’s Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D, and CareAllies businesses. The deal is intended to expand HCSC’s capabilities and geographic presence in the growing Medicare market.
-
The Standard Acquires Elevance Health Life & Disability Business
April 1, 2024
Financial Services
StanCorp Financial Group Inc. (The Standard) closed its acquisition of Elevance Health’s Life & Disability business and added absence management and paid family leave businesses under The Standard brand. The deal also includes a 10-year distribution partnership in which The Standard’s products and services are made available to Elevance Health customers.
-
Hub International Acquires Symphony Financial & Insurance Services
June 6, 2024
Insurance
Hub International Limited has acquired the assets of Symphony Financial & Insurance Services, a Rosemead, California-based employee benefits and insurance advisory practice. David Lee, Owner, and the Symphony team will join Hub's Los Angeles/Orange County office as part of Hub's effort to strengthen its employee benefits capabilities and local footprint in Southern California; terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.