Global Bankers Insurance Group, LLC, has confirmed that it is pursuing a sale of its U.S. life insurance companies and that it has been in active discussions with potential acquirers.

The company issued the following statement:

Global Bankers made the decision to sell its domestic life insurance companies because it believes it is in the best interests of the [c]ompany, its policyholders, partners[,] and employees. During this process, the collective focus of Global Bankers and its domestic insurance companies will remain squarely on their policyholders and providing solutions to help them address their immediate insurance needs and plan for their long-term financial goals.