Securian Financial to Acquire Majority Interest in Insurance Asset Manager

November 24, 2014

On November 20, 2014, Securian Financial Group announced that it had agreed to acquire a majority interest in Asset Allocation & Management Company from a private equity fund managed by Stone Point Capital and related investors. 

On November 20, 2014, Securian Financial Group (“Securian”) announced that it had agreed to acquire a majority interest in Asset Allocation & Management Company (“AAM”), a Chicago-based insurance asset manager, from a private equity fund managed by Stone Point Capital and related investors. AAM will operate independently within Securian following the acquisition and be governed by its own board of directors.

Securian is one of the largest financial service providers in the nation, holding close to $46 billion in assets under management and more than $1 trillion of insurance in force. AAM manages $16.4 billion in insurance company assets. 

Terms of the transaction, which is expected to close on December 31, 2014, were not disclosed.

To view the press release, On November 20, 2014, Securian Financial Group (“Securian”) announced that it had agreed to acquire a majority interest in Asset Allocation & Management Company (“AAM”), a Chicago-based insurance asset manager, from a private equity fund managed by Stone Point Capital and related investors. AAM will operate independently within Securian following the acquisition and be governed by its own board of directors.

Securian is one of the largest financial service providers in the nation, holding close to $46 billion in assets under management and more than $1 trillion of insurance in force. AAM manages $16.4 billion in insurance company assets. 

Terms of the transaction, which is expected to close on December 31, 2014, were not disclosed.

To view the press release, please click here.


Categories

Investment Manager M&A, Transactions