April 29, 2026
Willkie is representing Protective Life Corporation, a U.S. subsidiary of Daiichi Life Group, Inc. (TSE:8750), in its acquisition of Obsidian Insurance Holdings, Inc., a leading property, casualty and specialty insurance platform.
On April 28, Protective Life Corporation announced that its principal subsidiary, Protective Life Insurance Company, entered into an agreement to acquire Obsidian Insurance Holdings, Inc. and its affiliates from Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, software, industrials and healthcare industries.
The acquisition will establish a new business line for Protective and represents an important step in the company’s long-term strategy to diversify its earnings and grow in complementary markets.
The Willkie team is led by partners Alexander Dye, Sarah Wong and David Heales and includes associates Bridget Hamway and Matthew Killip.
On April 28, Protective Life Corporation announced that its principal subsidiary, Protective Life Insurance Company, entered into an agreement to acquire Obsidian Insurance Holdings, Inc. and its affiliates from Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, software, industrials and healthcare industries.
The acquisition will establish a new business line for Protective and represents an important step in the company’s long-term strategy to diversify its earnings and grow in complementary markets.
The Willkie team is led by partners Alexander Dye, Sarah Wong and David Heales and includes associates Bridget Hamway and Matthew Killip.
