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Beazley sells U.S. benefits subsidiary to Globe Life

Posted On: Aug. 3, 2021 11:10 AM CST

McKinney, Texas-based life insurer Globe Life Inc. acquired Beazley Benefits from London-based specialty insurer Beazley P.L.C., reports Markets Insider. Beazley Benefits provides accident and health insurance, as well as supplemental health insurance products. The transaction, which closed Aug. 1 for an undisclosed amount, is expected to enhance Globe Life's employee benefits solutions.