Sbg Acquires Accounts ; Topeka Firm Strikes Deal with Nebraska Insurer Mutual of Omaha
The Topeka Capital-Journal › February 05, 2004
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Summary
Security Benefit Group of Cos. will acquire 25,268 variable annuity accounts from Mutual of Omaha, the two companies announced Monday.
Kris Robbins, president and chief executive officer of SBG, said the acquisition includes $730 million in 15,668 variable annuity contracts and 9,600 variable life insurance policies.See the full content of this document
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Sbg Acquires Accounts ; Topeka Firm Strikes Deal with Nebraska Insurer Mutual of Omaha
Financial terms weren't disclosed, but Robbins said SBG raised $100 million in October through a private placement of equity with institutional investors. That money...
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