M&A Deal Summary

Globe Life Acquires Beazley Benefits

On August 2, 2021, Globe Life acquired insurance company Beazley Benefits from Beazley

Acquisition Highlights
  • This is Globe Life’s 4th transaction in the Insurance sector.
  • This is Globe Life’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-08-02
Target Beazley Benefits
Sector Insurance
Buyer(s) Globe Life
Sellers(s) Beazley
Deal Type Divestiture
Advisor(s) TigerRisk Capital Markets & Advisory (Financial)
Mayer Brown (Legal)

Target

Beazley Benefits

London, United Kingdom
Beazley Benefits is specializes in customized supplemental health solutions for the employee benefits market, with a product line that includes Supplemental Medical, Group Limited Indemnity, Critical Illness, Short Term Disability, and Accidental Death & Dismemberment. Beazley Benefits is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Globe Life

McKinney, Texas, United States

Category Company
Founded 1979
Sector Insurance
Employees3,636
Revenue 5.8B USD (2024)
DESCRIPTION
Entrance to Torchmark's corporate headquarters in Mckinney, Texas.
Entrance to Torchmark's corporate headquarters in Mckinney, Texas.

Globe Life is a holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Globe Life was founded in 1979 and is based in Mckinney, Texas.


DEAL STATS #
Overall 4 of 5
Sector: Insurance M&A 4 of 5
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Family Heritage Life Insurance Company of America

Cleveland, Ohio, United States

Family Heritage is a provider of supplemental health insurance and life insurance products to American families. Founded in 1989, the company specializes in life insurance and cancer, heart disease and stroke and accident insurance products with a return of premium feature.

Buy $219M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-13 Evry Health

Dallas, Texas, United States

Evry Health is a business-to-business health insurance company that differentiates itself from traditional PPOs and HMOs by lowering the cost of healthcare through software automation with a mobile-first experience. Evry Health was formed in 2017 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Beazley

London, United Kingdom

Category Company
Founded 1986
Sector Insurance
Employees2,419
Revenue 1.0B USD (2024)
DESCRIPTION

Beazley is a provider of risk insurance and reinsurance solutions. Beazley was founded in 1986 and is headquartered in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Creechurch International Underwriters

Toronto, Ontario, Canada

Creechurch International Underwriters Ltd. is a provider of tailored insurance programmes to small and medium enterprises in a range of industries and professions, including technology, life sciences and health products, manufacturing, distribution and trades, and architects and engineers. It also offers standalone products for cyber, management liability, commercial crime, employment practices liability, professional liability, miscellaneous errors & omissions, medical malpractice, general liability, property (including vacant property), and legal expenses.

Buy -