Nassau Completes Acquisition of Foresters’ U.S. Variable Annuity and Variable Life Operations
July 7, 2020 by Allison Bell
The company that acquired The Phoenix Companies Inc. has now completed efforts to acquire the U.S. variable annuity and variable life operations of The Independent Order of Foresters.
For the buyer, Nassau Financial Group LP, the announcement means that Nassau now has a bigger presence in the U.S. life and annuity markets.
For Foresters, completing the deal means that the company can now move ahead with efforts to focus more narrowly on sales of protection life insurance to moderate-income families.