Assurant completes $1.35bn cash deal to sell Global Preneed to CUNA Mutual
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Assurant completes $1.35bn cash deal to sell Global Preneed to CUNA Mutual

Eli Rallo
August 02, 2021
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Assurant has closed its $1.35bn all-cash deal to sell Global Preneed – a prearranged funeral insurance and final expense business – to financial services provider CUNA Mutual Group.

The sale, originally announced in March, is projected to generate approximately $1.2bn in net proceeds, and the company plans to return $900mn of net proceeds to shareholders via share repurchases within the next year.

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Eli Rallo
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