Ameritas Life Insurance Corp., said it's completed its acquisition of BNL Financial Corporation, the parent company of Brokers National Life Assurance Company, an Austin, Texas-based insurance company domiciled in Arkansas.
The acquisition officially closed Dec. 31. Financial terms were not disclosed.
BNL will operate as a separate subsidiary of Ameritas Life and all current business operations at Brokers National will remain the same. In addition to its own insurance products, Brokers National also will offer to its brokers group dental, vision and hearing care products through Ameritas Group, a division of Ameritas Life. Brokers National collects approximately $39 million of group premium annually.
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