SBLI USA Mutual Life Insurance Company Inc., New York, is looking at ways to tap Wall Street to finance national expansion efforts.[@@]
The mutual life insurer announced today that it has hired Credit Suisse First Boston, New York, to “provide strategic financial advice.” Companies often hire strategic advisors to help them acquire other companies, sell their operations or raise money from investors.
Dave Walsh, SBLI USA’s general counsel, says his company has always been looking for good acquisition opportunities, even before it retained Credit Suisse.
As for selling, “we’re not interested in selling,” Walsh says.
Does that mean SBLI USA wants to go public?
“Everything is under consideration,” Walsh says.