Massachusetts Mutual Life Insurance (MassMutual) has closed its previously announced $3.5 billion acquisition of Great American Life Insurance Company and other subsidiaries and affiliated entities from American Financial Group. The acquisition, which was announced in January 2021, is said to place MassMutual among the top five individual annuity writers in the US. As part of […]
Empower Retirement will acquire the retirement plan business of Massachusetts Mutual Life Insurance Company (MassMutual) in a reinsurance transaction for a ceding commission of $2.35 billion. The acquisition will capitalize on the expertise of the two firms to offer technological excellence and deep product capabilities, and generate scale to the benefit of participants in the […]