Bestow / Centurion Life Insurance Company 2020
Bestow acquired Centurion Life Insurance Company on December 1, 2020.
- Target
- Centurion Life Insurance Company
- Acquirer
- Bestow
- Announced
- December 1, 2020
- Sub-sector
- Insurtech
Transaction overview
- Bestow announced the acquisition of Centurion Life Insurance Company on December 1, 2020.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquisition enables Bestow to become a nationally licensed insurance carrier and issue its own policies directly rather than relying on partner insurers.
Deal terms & multiples
Frequently asked questions
When did Bestow announce the acquisition of Centurion Life Insurance Company?
Bestow announced the acquisition of Centurion Life Insurance Company on December 1, 2020.
What sub-sector is Centurion Life Insurance Company in?
Centurion Life Insurance Company is tracked in the Insurtech sub-sector.
Sources
- businessinsider.com /life-insurtech-bestow-raises-70-million-2020-12