26North Re, a Dallas‑based reinsurance specialist founded in 2022, has agreed to buy Independent Life Insurance Group, LLC, the parent of Independent Life Insurance Company. The deal expands 26North Re’s footprint into the U.S. market and creates its first onshore platform. The transaction will let Independent Life keep its brand identity after closing for policyholders and investors alike.

Independent Life specializes in structured settlement annuities for personal injury claimants and their families. With roughly $13 billion in assets on a pro forma basis, 26North Re brings capital and distribution channels that can scale the niche product line. The acquisition positions 26North Re to compete with larger U.S. reinsurers while preserving Independent Life’s regional expertise for customers and investors.

Donald Herrema, Group CEO of Independent Group, will oversee operations post‑deal. The transaction adds a steady stream of structured settlements to 26North Re’s portfolio, boosting its U.S. presence without diluting its focus on niche risks. Investors can expect enhanced earnings from higher yields and a broader customer base, while policyholders retain familiar service under the Independent Life brand for customers.