The Cincinnati chapter of the Association for Corporate Growth (ACG), a networking group of local business leaders, has awarded Western & Southern Financial Group the 2019 Deal Maker Award in the corporate category. This prestigious honor, now on its 20th edition, is bestowed upon organizations and individuals with track records of leadership, innovation and success in making deals.
Key to Western & Southern’s win was its acquisition of Gerber Life Insurance Company, the largest in Western & Southern’s 130-year history. Western & Southern reached an agreement with Nestlé S.A. to acquire Gerber Life Insurance Company for $1.55 billion on Sept. 17, 2018, and closed the transaction in nearly record time on Dec. 31, 2018. The speed in navigating the approval process, including review by the New York Department of Financial Services, was a tribute to the financial strength of Western & Southern and the strong planning, due diligence and operational capabilities and execution of the deal team.
The Deal Maker Awards ceremony was held May 15 at the Hyatt Regency Cincinnati. Accepting the award on behalf of Western & Southern was Jonathan D. Niemeyer, chief administrative officer and general counsel.
About Western & Southern Financial Group
Founded in Cincinnati in 1888 as The Western and Southern Life Insurance Company, Western & Southern Financial Group, Inc. (Western & Southern), a Fortune 500 company, is now the parent company of a group of diversified financial services businesses. Its assets owned ($54 billion) and managed ($25.3 billion) totaled $79.3 billion as of Mar. 31, 2019. Western & Southern is one of the strongest life insurance groups in the world. Its seven life insurance subsidiaries (The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Gerber Life Insurance Company, Integrity Life Insurance Company, The Lafayette Life Insurance Company and National Integrity Life Insurance Company) maintain very strong financial ratings. Other member companies include Eagle Realty Group, LLC; Fort Washington Investment Advisors, Inc.;1 IFS Financial Services, Inc.; Touchstone Advisors, Inc.;1 Touchstone Securities, Inc.;2 W&S Brokerage Services, Inc.;2 and W&S Financial Group Distributors, Inc. Western & Southern is the title sponsor of six major community events every year, including the Western & Southern Open, a premier event in the U.S. Open Series played each August by the world’s top-ranked professional male and female tennis players.