Knighthead Insurance Group Acquires Merit Life, Rebrands as Knighthead Life
Knighthead Insurance Group Acquires Merit Life, Rebrands as Knighthead Life
Knighthead Insurance Group has acquired Merit Life Insurance Co., marking its expansion into the U.S. market with a rebranded entity, Knighthead Life.

The acquisition positions the company to address growing retirement needs through innovative solutions and a consumer-centric approach.

Knighthead Life will introduce a multi-year guaranteed annuity (MYGA), backed by the group’s $5.5 billion in annuity reserves and bolstered by a recent $550 million capital raise. The company’s offerings are supported by an A- rating from AM Best, reinforcing its commitment to reliability and financial strength.

Tom Wagner, co-Chairman of Knighthead Insurance Group and co-founder of Knighthead Capital Management, expressed enthusiasm about the acquisition. “Merit’s consumer-centric approach, focus on technology, and innovative retirement solutions made it an ideal fit for Knighthead Insurance,” he said. “The newly branded Knighthead Life is pivotal to fulfilling our long-term business objectives of bringing Knighthead’s insurance and reinsurance expertise to the United States.”

This strategic move underscores Knighthead’s ambition to become a significant player in the U.S. insurance and retirement market while building on its established expertise and resources.

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