American Financial Group sells annuity business to MassMutual for $3.5B, 600 jobs affected

American Financial Group announced Wednesday it will sell its annuity business to Massachusetts Mutual Life Insurance Co. for $3.5 billion in cash. Carl Lindner III’s Cincinnati Click to expand UP NEXT In a deal expected to close before June 30, MassMutual will acquire Great American Life Insurance Co. (GALIC) and its two insurance subsidiaries, […]