Cases & Deals

Bank of America divests Balboa Life Insurance Company and Balboa Life Insurance Company of New York to Securian

Clients Bank of America Corporation

Jones Day advised Bank of America Corporation in its sale of life insurers Balboa Life Insurance Company and Balboa Life Insurance Company of New York to Securian Financial Group, Inc. Securian is a leading provider of products and services in the financial institution market. The acquired companies' products include mortgage accidental death insurance, accidental death and dismemberment coverage, and individual term life insurance.