NU Online News Service, Feb. 17, 2004, 5:58 p.m. EST – The former chairman of American General Corp., Houston, is back in the game.[@@]
Robert Devlin is leading an effort to acquire Forethought Financial Services Inc., a company that sells funeral insurance and trust services, from Hillenbrand Industries Inc., Batesville, Ind., for $280 million.
Devlin, who was chairman of American General when American International Group Inc., New York, acquired the company in 2001, now is the leader of the Devlin Group L.L.C., New York, an investment group that includes several other former and current top insurance industry executives.
The Devlin Group has formed an acquisition vehicle, FFS Holding Inc., to carry out the Forethought deal.