Meiji Yasuda Group acquires Banner Life for $2.3bn
ReinsuranceNe.ws·2026-02-05 06:30
Meiji Yasuda Group, a Japanese life insurance company, has completed the acquisition of Banner Life Insurance Company and William Penn Life Insurance Company of New York (the Banner Life family of companies) for approximately $2.3 billion.The acquisition follows the initial agreement announced in February 2025 and includes the U.S. term life insurance and pension risk transfer (PRT) businesses previously owned by Legal & General Group plc.The transaction also includes the establishment of a long-term strate ...