Joining the M&A bandwagon: Penn Mutual to acquire Vantis Life

October 18, 2016 by Warren S. Hersch

Coveting new markets and distribution channels, mergers among life insurers are continuing apace.

The latest manifestation of the deal-making is an agreement, announced on October 10, by The Penn Mutual Life Insurance Co. to acquire Vantis Life Insurance Co. Once finalized, Vantis Life will become a wholly-owned affiliate of Penn Mutual, a Horsham, Pa.-based mutual life insurer since 1847.

Awaiting regulatory approval, the merger will expand Penn Mutual’s footprint by adding to its 6,000-strong advisor network Vantis Life’s direct-to-consumer and bank channels. 

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Originally Posted at LifeHealthPro on October 12, 2016 by Warren S. Hersch.