MassMutual buys Great American Life Insurance for $3.5bn in cash


US-based Massachusetts Mutual Life Insurance Company (MassMutual) has entered into a definitive agreement with American Financial Group (AFG) to acquire its annuity business for $3.5 billion in cash.

MassMutual, American Financial Group, Insurance, Reinsurance, Mergers & Acquisitions, Roger Crandall, S. Craig Lindner, North America

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