LifeShield Agrees to Acquire Individual Assurance Company Parent

Jun 12, 2019

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    LifeShield Agrees to Acquire Individual Assurance Company Parent | ThinkAdvisor

    A privately held life insurer with ties to Oklahoma City’s MidFirst Bank may be getting into the Medicare supplement insurance business.

    The MidFirst affiliate, LifeShield National Insurance Company, says it has agreed to acquire IAC Group, the parent of Individual Assurance Company, for a price that was not disclosed.

    David Brooks, LifeShield’s president, said in a statement that the deal will help LifeShield improve its operational capabilities.

    The deal “will enable both companies to become leading providers of products in the senior market,” Brooks said in the statement.
     
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