A Canadian insurer has agreed to acquire the Canadian individual life and occupational disability business of a unit of Conseco Inc.
Unity Life of Canada, Mississauga, Ontario, a unit of the Independent Order of Foresters, Toronto, will acquire the business from the Canadian branch of Washington National Insurance Company, Chicago, through a reinsurance agreement, Unity Life says.
Washington National is part of Conseco, Carmel, Ind.
The price of the deal was not immediately available.