NEW ORLEANS, La.–(BUSINESS WIRE)–Pan-American Life Insurance Company (“PALIC”) has completed the acquisition and merger of Encova Life Insurance Company (“Encova Life”). The transaction will add approximately $60 million in revenues, over $500 million in total assets, $35 million in insurance premiums and 79,000 covered lives to PALIC’s U.S. life insurance business, further enhancing PALIC’s U.S. scale, reach and investment portfolio. “We are very pleased to have closed this strategic transac
Business Wire Merger/Acquisition News
