The Standard Acquires Elevance Health Life & Disability Business

The Standard Acquires Allstate's Employer Voluntary Benefits Business

April 1, 2025

Insurance

StanCorp Financial Group (The Standard) has completed the acquisition of The Allstate Corporation's Employer Voluntary Benefits business, largely comprised of American Heritage Life Insurance Company. The agreement includes a future distribution partnership to make certain of The Standard's products and services available to Allstate customers and is intended to expand The Standard's workplace benefits portfolio.

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.

Elevance Health Acquires Blue Cross and Blue Shield of Louisiana

January 23, 2023

Insurance

Elevance Health has entered into a definitive agreement to acquire Blue Cross and Blue Shield of Louisiana (BCBSLA). The transaction will integrate BCBSLA into Elevance's Anthem Blue Cross Blue Shield family, keep the Louisiana headquarters and workforce local, and expand Elevance's capabilities and footprint in Louisiana.

Elevance Health to Acquire BioPlus Specialty Pharmacy

November 9, 2022

Healthcare Services

Elevance Health announced it entered into an agreement to acquire BioPlus, a comprehensive specialty pharmacy that provides services for complex and chronic conditions such as cancer and autoimmune diseases. The deal is expected to close in the first half of 2023 and will integrate BioPlus into Elevance Health’s pharmacy benefit manager, IngenioRx, within its Carelon healthcare services brand.

Symetra Life Insurance to Acquire Dearborn Group Life & Disability Business

June 30, 2025

Healthcare Services

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.

Sciens Building Solutions Acquires Standard Electronics

July 23, 2024

Electrical Services

Sciens Building Solutions, a Carlyle-backed fire and life safety platform, has acquired El Cajon, California-based Standard Electronics, a provider of fire alarm and low-voltage systems serving the greater San Diego area. The add-on expands Sciens' Southern California footprint and brings additional expertise serving K-12 schools, government and other commercial verticals.