Global Bankers Insurance Group Acquires Lincoln Benefit Life
Global Bankers Insurance Group, an international family of insurance and reinsurance companies, will acquire Lincoln Benefit Life Company, a Lincoln, Nebraska, U.S.-based provider of life insurance and annuity solutions. The transaction that will conclude in the first quarter of 2018.
Subject to appropriate regulatory approvals by the Nebraska Dept. of Insurance, the sale was prompted by the decision of Lincoln’s Resolution Group, which planned consolidation of Lincoln’s insurance activities across the U.S., the U.K., and continental Europe into a single holding company with a unified shareholding structure.
The acquisition contributes a sizable platform to enhance Global Bankers’ growing portfolio of insurance companies, according to Lou Hensley, Co-CEO and President, Global Bankers. Global Bankers will continue Lincoln Benefit Life’s existing operations in Lincoln, Nebraska, and Rosemont, Illinois.