Independent Insurance Group LLC Announces the Signing of a Definitive Agreement for the Acquisition of Sterling National Life Insurance Company
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JACKSONVILLE, Fla., Jan. 25, 2021 /PRNewswire/
Independent Insurance Group LLC ( Independent Group ) today announced that it has entered into a definitive agreement to acquire Sterling National Life Insurance Company ( Sterling National ) from SILAC Insurance Company ( SILAC ).
Independent Life Insurance Company ( Independent Life ), Independent Group s life and annuity subsidiary, is focused on the primary issuance of structured settlement annuities, with the mission of helping personal injury victims and their families meet their financial needs over their lifetimes. Independent Group was founded by management and LKCM Headwater Investments, the private equity arm of Luther King Capital Management, an SEC-registered investment advisory firm based in Fort Worth, Texas. Sterling National, li