JAB Insurance Completes Acquisition of Columbian Financial Group, Culminating Successful Rehabilitation

AI summary

MIAMI--(BUSINESS WIRE)--JAB Insurance announced today that it has completed its acquisition of Columbian Financial Group following the successful conclusion of coordinated rehabilitation proceedings in New York and Illinois and receipt of all required court and regulatory approvals. The transaction comprises New York-based Columbian Mutual Life Insurance Company (“CML” or “Columbian Mutual”), which converted at closing from a mutual to a stock life insurance company and was renamed Columbian Li