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M&A Deal Summary

Pan-American Life Insurance Group Acquires Encova Insurance

On January 3, 2024, Pan-American Life Insurance Group acquired insurance company Encova Insurance

Acquisition Highlights
  • This is Pan-American Life Insurance Group’s 1st transaction in the Insurance sector.
  • This is Pan-American Life Insurance Group’s 2nd transaction in the United States.
  • This is Pan-American Life Insurance Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-01-03
Target Encova Insurance
Sector Insurance
Buyer(s) Pan-American Life Insurance Group
Deal Type Merger

Target

Encova Insurance

Columbus, Ohio, United States
Encova Insurance strives to be the most trusted and responsive carrier in the independent agency system. To achieve its goals, the company ― a network of P&C, life insurance, and insurance brokerage companies and agents ― decided to modernize both its technology infrastructure and operations to better address the evolving needs of its agents and policyholders. Encova Insurance is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

Pan-American Life Insurance Group

New Orelans, Louisiana, United States
Category Company
Founded 1911
Sector Insurance
DESCRIPTION

Pan-American Life Insurance Group is a provider of insurance and financial services throughout the Americas that has been delivering trusted financial services. Pan-American Life Insurance Group was founded in 1911 and is based in New Orleans, Louisiana.

DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 Hola Doctor

Roswell, Georgia, United States

HolaDoctor, Inc. is a provider of web and mobile destination of health and lifestyle content and programs in Spanish, with millions of visitors per month and a fast-growing registered database surpassing two million Hispanics. Hola Doctor was founded in 1999 and is based in Roswell, Georgia.

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