Alliant Insurance Services has acquired Laredo Commercial Insurance Agency’s for-hire trucking portfolio and established a Laredo, Texas office, while Brighthouse Financial shareholders have approved a $4.1 billion merger with Aquarian Capital, and Continental General has completed its acquisition of approximately 91,000 insurance policies from state guaranty associations.
Alliant Insurance Services has acquired the for-hire trucking portfolio from Laredo Commercial Insurance Agency, marking the third Texas-based agency acquisition in recent months. Steven Cadena joins Alliant Transportation as vice president, bringing more than a decade of commercial trucking insurance experience in Laredo.
The acquisition follows strategic additions of McAfee Insurance Agency in Mercedes and Highpoint Insurance Group in Friendswood, expanding Alliant’s footprint across Texas.
“With the addition of Laredo Commercial Insurance Agency’s transportation book and the hire of Steven Cadena, Alliant expands our localised expertise to serve clients operating in challenging cross-border environments,” said Lisa Paul, executive vice president of Alliant Transportation.
Brighthouse Financial shareholders voted to adopt the definitive merger agreement with an affiliate of Aquarian Capital at a special meeting held Thursday, the company announced. The all-cash transaction is valued at approximately $4.1 billion, with common shareholders receiving $70.00 per share upon completion.
“With this approval, we are one step closer to embarking on the next chapter of our company as we continue to deliver on our mission of helping people achieve financial security,” said Eric Steigerwalt, president and CEO of Brighthouse Financial.
The transaction is expected to close in 2026 and remains subject to customary closing conditions and regulatory approvals. Additional details regarding the special meeting and voting results will be available in a Current Report on Form 8-K to be filed with the US Securities and Exchange Commission.
Continental General Insurance Company has completed the acquisition of two blocks of insurance policies from state life and health insurance guaranty associations through transactions coordinated by the National Organization of Life & Health Insurance Guaranty Associations, the company announced. The transaction marks the first between Continental General and NOLHGA on behalf of the guaranty associations and is the first in a series of pending related transactions.
The acquired blocks comprise approximately 91,000 final expense and traditional life insurance policies, annuities, and accident and health policies originally issued by Bankers Life Insurance Company (BLIC) and Colorado Bankers Life Insurance Company (CBLIC). The policies became the statutory obligation of the guaranty associations in 2024 following the court-ordered liquidation of BLIC and CBLIC.
Effective Jan. 1, Continental General assumed the guaranty associations’ covered obligations for the CBLIC and BLIC policies, including all related liabilities and assets. Continental General will oversee policy administration, policyholder services, and claim management.
“We are pleased to welcome the BLIC and CBLIC policyholders to Continental General,” said Michael Gorzynski, executive chairman of Continental General. “After working closely with the exceptional team at NOLHGA, we are confident that we are well positioned to ensure a smooth and seamless transition to top quality ongoing policy administration.”
David Ramsey, president and CEO of Continental General, said the acquisition supports the company’s strategy to diversify its risk and product mix. “The addition of this new block of policies from the Guaranty Associations will enable us to significantly expand our customer base as we continue to grow our portfolio,” Ramsey said.
