Unum acquires Polish insurer Pramerica Życie

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Unum acquires Polish insurer Pramerica Życie

Unum is to acquire Pramerica Życie, an insurer based in Poland, from a subsidiary of Prudential Financial (PFI.)

Pramerica Życie will remain a standalone business reporting to Peter O'Donnell, UK president and CEO at Unum. He said: "Pramerica Życie is a group and individual risk protection provider with a strong distribution model and a solid reputation as a trustworthy provider of high-quality products and professional financial advice." Terms of the sale were not disclosed, with the transaction expected to close by the end of the year, subject to regulatory approvals. Unum said the deal "will...

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