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Global Bankers Insurance Group affiliate to acquire Luxembourg biz

A European affiliate of Global Bankers Insurance Group has agreed to acquire NN Life Luxembourg S.A., a unit of NN Group NV that operates a life insurance platform for high-net-worth customers.

Completion of the transaction is subject to regulatory approval from the Commissariat aux Assurances, the Luxembourg insurance regulator.

Global Bankers Insurance Group is a family of insurance and reinsurance companies that includes Bankers Life Insurance Co., Colorado Bankers Life Insurance Co. and Southland National Insurance Corp.