Independent Life is entering an exciting new chapter.
Independent Insurance Group, LLC, which operates Independent Life Insurance Company, has entered into a definitive agreement to be acquired by 26North Reinsurance Holding Company (“26North Re”). Founded in 2022, 26North Re manages approximately $13 billion in assets on a pro forma basis, including multiple reinsurance transactions with high-quality, industry-leading ceding partners.
For us, this agreement represents a meaningful step forward in the continued growth of a company built with a clear purpose: to serve personal injury claimants, their families, and the professionals who help them plan for life after settlement.
Since our founding, we have focused exclusively on the structured settlement market. That focus has shaped how we operate, how we support settlement advisors and attorneys, and how we build products designed around long-term financial security for injured claimants.
With the support of 26North Re, Independent Life expects to benefit from additional long-term capital, institutional-scale capabilities, and asset origination resources. These capabilities are expected to support continued growth, competitive pricing, and expanded capacity in the structured settlement market.
For our partners, this means continuity with added strength behind it, and for claimants and families, it reinforces the long-term certainty that sits at the foundation of every structured settlement.
“Joining 26North Re gives Independent Life access to institutional-scale capabilities. Under 26North’s stewardship, we are positioned to serve more clients, in more markets with greater confidence than ever before,” said Independent Group CEO Donald Herrema.
Following the close of the transaction, Independent Life will continue operating under its existing brand. Our team, our market focus, and our commitment to service will remain in place.
“This transaction represents an important milestone in the evolution of Independent Life and we look forward to continuing to grow the Company with the support of 26North Re,” said Todd Hagely, Independent Life CFO.
The transaction is subject to customary regulatory approvals, including review by applicable state insurance departments.
Media Contact
Courtney Barber, CSMO
Independent Life
