Upon completion of the proposed transaction, the purchased entity will be combined with the newly formed Beacon Life Funds, to strengthen the life settlement business.
LIB, which operates as a life settlement financial services business, was set up in 1995. The company offers terminally ill patients with guidance on the brokerage of viatical and life settlements.
Go deeper with GlobalData
Anthem chief financial officer Ed Place said: "Through an equity investment in this industry, Anthem seized an opportunity to combine our unique capabilities with strong industry expertise in order to enable even more timely service and solutions for individuals in need.
"We believe that our marketing abilities and data analysis toolbox will be a game-changer in an industry that’s beginning to experience rapid growth."
Anthem Management, a part of the Anthem Media Group family of companies, offers technology, data, informatics, professional services, custom marketing and media solutions to the world’s leading and emerging brands.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
