Global Atlantic to acquire Forethought Financial
October 1, 2013 by Michael K. Stanley
Last week, when Global Atlantic Financial Group (Global Atlantic) announced that they would be acquiring Forethought Financial Group, Inc. (Forethought) for an undisclosed amount, many industry-watchers and analysts concluded that it was an unsurprising move for a company that has been increasingly active lately.
Global Atlantic, the multiline insurance and reinsurance company that in May split from The Goldman Sachs Group, Inc., while retaining it as an investor, is expected to close their deal to purchase Aviva USA’s life insurance business from Athene Holding Ltd. (Athene) sometime within the next two months. The flurry of activity by Global Atlantic and its operating subsidiaries — Commonwealth Annuity and Life Insurance Co. and First Allmerica Financial Life Insurance Co.—showcase Global Atlantic’s aggressive risk appetite regarding the growth of consumption capital and their expansion into higher risk annuity products and transaction risk. Click here to read…
