An Ohio mutual insurer has completed a previously announced acquisition of a competitor in Indiana through a merger.[@@]
The Lafayette Life Insurance Company, Lafayette, Ind., a mutual founded in 1905, now is part of Western & Southern Financial Group, Cincinnati.
Western & Southern now has $35 billion in assets, and Lafayette Life has $2 billion in assets.
Western & Southern says it plans to pay Lafayette Life policy dividends on schedule and keep Lafayette Life’s headquarters in Lafayette, Ind. Western & Southern also is funding a charitable foundation to benefit Lafayette and nearby communities.