For Immediate Release
Westward Group completes sale of Westward Life Insurance Company
New York, New York— February 28, 2011 – Merger & Acquisition Services Inc. (M&A), a leading insurance intermediary and boutique investment bank, announced today that it successfully completed the sale of Westward Life Insurance Company. Westward Life was acquired by Delta Dental of Virginia. “This marks the completion of our assignment for the owner of the Westward group of companies, which included the sale of Westward Life, as well as, Hallmark Life Insurance Company and Westward Insurance Company which we completed in 2008,” said Jason C. Murgio, President of M&A. “We are pleased to have successfully completed the insurance divestiture process for our client.” Westward Life Insurance Company is domiciled in Arizona and historically wrote credit life and credit health business, as well as disability and limited hospital indemnity coverage. Delta Dental of Virginia provides dental coverage for more than 1.4 million Virginians. For more than 45 years, Delta Dental has been providing innovative, high quality and affordable dental benefits for employers and employees in Virginia. Their sole focus on dental benefits has given them the expertise to create unique systems that effortlessly administer coverage and provide easyto-use benefits with cost efficiencies both employers and employees want.
About Merger & Acquisition Services, Inc.
Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.
To learn more about Merger & Acquisition Services, visit https://maservices.com.