Securian Unit Agrees to Acquire Gerber Life’s Canadian Policies

February 19, 2020 by Allison Bell

Canadian Premier Life Insurance Company has agreed to buy a block of life insurance business in Canada from an arm of Western & Southern Financial Group Inc.

Canadian Premier —  a Toronto-based arm of Securian Financial Group Inc. — is acquiring the Canadian block of business from Gerber Life Insurance Company.

Western & Southern acquired Gerber Life from a unit of Nestlé S.A. at the end of 2018. Most of the Gerber Life block of business in Canada consists of Grow-Up whole life policies for children.

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Originally Posted at ThinkAdvisor on February 17, 2020 by Allison Bell.