• JAB Holding Company SARL’s JAB Insurance completed its acquisition of Columbian Financial Group, ending rehabilitation proceedings in New York and Illinois.
• Columbian Mutual Life converted from mutual to stock at closing, renamed Columbian Life Insurance Company of New York.
• The deal includes the Illinois subsidiary, Columbian Life Insurance Company, with CFG joining JAB Insurance as a standalone platform.
• JAB Insurance contributed fresh capital, aiming to bolster claims-paying capacity and provide a long-term home for policyholders.
• Mark Reilly, JAB Insurance’s chief risk officer, will serve as CEO of the CFG platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JAB Holding Company SARL published the original content used to generate this news brief on September 08, 2026, and is solely responsible for the information contained therein.