The investment firm that is acquiring Security Benefit Corp. has brought in a senior managing director with experience at AXA S.A. and Guardian Life Insurance Company of America.
Guggenheim Partners L.L.C., Chicago, says Michael Kiley, the new senior managing partner, will “work closely with Todd Boehly,” a managing partner in the office of the chief executive officer at Guggenheim Partners, as the firm completes the Security Benefit acquisition.
Guggenheim announced plans to acquire Security Benefit, Topeka, Kan., in February and since then has announced plans to invest $175 million in the life insurer.
Guggenheim hopes to close on Security Benefit by Sept. 30.
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Kiley “brings a strong track record of experience in both the insurance and the asset management industries,” Boehly says in a statement. “He is playing an important role in the transaction, and he will be integral in helping Guggenheim expand the size and the scope of the Security Benefit franchise.”