Great Western is acquiring United Fidelity.
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Beverly Hills-based Great Western Financial said it signed a definitive agreement for its previously announced plan to acquire United Fidelity Life Insurance of Fort Worth, a wholly owned unit of Western Preferred. Terms were not disclosed. Fidelity will add $325 million to Great Western’s life insurance operation assets, which were $975 million as of last December, and will add $85 million to Great Western’s premium income.
