Global Bankers Insurance in talks to sell US life insurance firms

Global Bankers Insurance Group revealed that it is actively engaged in discussions with potential buyers for its US life insurance companies which includes Colorado Bankers Life Insurance (CBLife), Bankers Life Insurance and Southland National Insurance.

The company, in a statement, said: “Global Bankers made the decision to sell its domestic life insurance companies because it believes it is in the best interests of the Company, its policyholders, partners and employees.

“During this process, the collective focus of Global Bankers and its domestic insurance companies will remain squarely on their policyholders and providing solutions to help them address their immediate insurance needs and plan for their long-term financial goals.”

Global Bankers Insurance is the managing company for a group of insurance and reinsurance firms located in the US and in other parts of the world. The group specializes in all types of life and annuity products.

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