Federal Life Group, Inc. names **Carlos Paiva** as its new **Chief Legal Officer, General Counsel, and Corporate Secretary**. The appointment expands the company’s leadership in legal and corporate governance roles. Paiva brings extensive experience in regulatory compliance and corporate law to the financial services provider.
Insurance Capital Group, LLC has signed a letter of intent to acquire the remaining 10% stake in Federal Life Group, Inc. The transaction, expected to close before the end of 2025, will make Federal Life a fully owned subsidiary. Non-parent stockholders will receive $15.25 per share upon completion of the short-form merger.
Federal Life receives an **A- (Excellent)** financial strength rating from AM Best, marking a significant milestone. The company celebrates its **125th anniversary**, founded in **1899**, reinforcing its long-standing stability in the insurance sector.
Federal Life collaborates with the world’s third-largest reinsurer and a U.K.-based financial product specialist to introduce a later-life annuity product for U.S. consumers. The partnership aims to expand access to financial solutions tailored for retirees seeking stable income streams. The companies combine expertise in reinsurance and annuity design to address growing demand in the U.S. market.