October 6, 2023
Willkie advised iA Financial Corporation Inc., the holding company of iA Financial Group, a leading Canadian insurance and wealth management group, in its acquisition of Vericity, a leader in direct-to-consumer life insurance solutions.
On October 3, iA Financial announced that it entered into a definitive merger agreement whereby its subsidiary iA American Holdings, Inc. will acquire Vericity for $170 million. Vericity, a publicly traded company majority-owned by J.C. Flowers & Co., comprises two entities servicing the middle-market life insurance space: Fidelity Life, an insurance carrier, and eFinancial, a direct-to-consumer digital agency.
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. It has approximately $207.8 billion in assets and more than four million clients.
The Willkie team was led by partners David Luce and Jeffrey Hochman and included associate Christian Truman.
On October 3, iA Financial announced that it entered into a definitive merger agreement whereby its subsidiary iA American Holdings, Inc. will acquire Vericity for $170 million. Vericity, a publicly traded company majority-owned by J.C. Flowers & Co., comprises two entities servicing the middle-market life insurance space: Fidelity Life, an insurance carrier, and eFinancial, a direct-to-consumer digital agency.
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. It has approximately $207.8 billion in assets and more than four million clients.
The Willkie team was led by partners David Luce and Jeffrey Hochman and included associate Christian Truman.
