Torchmark Announces Closing of United Investors Life Insurance Sale
January 3rd, 2011
Torchmark Announces Closing of United Investors Life Insurance Sale
Torchmark Corporation is pleased to announce that its subsidiary, Liberty National Life Insurance Company has closed the sale of its wholly owned subsidiary, United Investors Life Insurance Company , to Protective Life Insurance Company for approximately $ 343 million, subject to post-closing adjustments.
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Fitch Affirms Northwestern Mutual’s IFS at ‘AAA’; Outlook Stable
Fitch Ratings has affirmed the ‘AAA’ Insurer Financial Strength ratings of The Northwestern Mutual Life Insurance Co. and Northwestern Long Term Care Insurance Co. . At the same time Fitch has affirmed NM’s ‘AA+’ Issuer Default Rating and ‘AA’ surplus note rating.
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Pa. Trust Co. buyout is planned
A management buyout is in the works at Pennsylvania Trust Co. in Radnor, a subsidiary of Penn Mutual Life Insurance Co. since 1991, the parent company said.
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