January 19, 2018 / 12:39 PM / 3 months ago

BRIEF-Protective Enters Agreement To Reinsure Liberty Life, Annuity Business

Jan 19 (Reuters) - Protective Life Corporation:

* PROTECTIVE ENTERS AGREEMENT TO REINSURE LIBERTY LIFE AND ANNUITY BUSINESS

* PROTECTIVE LIFE CORPORATION SAYS HAS REACHED AN AGREEMENT WITH LINCOLN FINANCIAL GROUP

* PROTECTIVE LIFE CORPORATION SAYS TRANSACTION REPRESENTS CAPITAL INVESTMENT BY PROTECTIVE OF ABOUT $1.17 BILLION

* PROTECTIVE LIFE CORP- TO BUY VIA REINSURANCE SUBSTANTIALLY ALL OF INDIVIDUAL LIFE & ANNUITY BUSINESS OF LIBERTY LIFE ASSURANCE COMPANY OF BOSTON

* PROTECTIVE LIFE CORP- ‍REINSURANCE TRANSACTION WILL CLOSE IN CONJUNCTION WITH LINCOLN’S ACQUISITION OF LIBERTY LIFE FROM AFFILIATES OF LIBERTY GROUP INC​ Source text for Eikon: Further company coverage:

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