Life & Health Insurance M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:38 AM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
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Slide #17. Assurant, Inc. — Lifestyle Services Group
Acquirer:
Assurant, Inc. (NYSE:AIZ)
Acquiree:
Lifestyle Services Group
Details:
Assurant, Inc. (NYSE:AIZ), a premier provider of specialty insurance and insurance-related products and services, announces an agreement to purchase Lifestyle Services Group, a mobile phone insurance provider, for up to $160 million (GBP 107 million) in cash from Phones 4u Finance plc.
Assurant is a holding company. Through its subsidiaries, Co. supports, protects and connects consumer purchases. Co.'s segments are: Global Lifestyle, which provides mobile device solutions, extended service products and related services for consumer electronics and appliances, and credit and other insurance products, and vehicle protection, leased and financed solutions and other related services; and Global Housing, which provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance, renters insurance and related products, and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 58th percentile
(ranked higher than approx. 58% of all stocks covered)
Analysts' Target Price: AIZ Stock Forecast Based on Zacks ABR data; powered by Xignite |
