Locke Lord Steers Torchmark's $219M Insurer Acquisition

Law360, New York (August 1, 2012, 4:43 PM EDT) -- Texas health and life insurance company Torchmark Corp. has acquired an Ohio-based insurer that specializes in supplemental health and life insurance products for $218.5 million, both companies announced Wednesday.

Torchmark will acquire Family Heritage Life Insurance Co. of America in an all-cash transaction, the insurance holding company said. Torchmark will fund the transaction with cash from its insurance subsidiaries.

The deal is expected to close early in the fourth quarter of this year. Torchmark said the acquisition of Family Heritage will be immediately accretive to the...
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