Western and Southern Closes Acquisition of Fabric to Accelerate Digital Expansion.

MANews-(C)2009-2022

US-based life insurance group Western and Southern Financial Group has completed the acquisition of US-based life insurance platform and mobile app provider Fabric Technologies Inc. and its subsidiary, Fabric Insurance Agency LLC, the group said.

The deal brings a fully automated digital platform developed by Fabric, founded in 2015 and headquartered in Brooklyn, N.Y., to a Cincinnati-based company that began selling life insurance door to door 134 years ago as The Western and Southern Life Insurance Company.

Through its digital platform and mobile app, Fabric offers term life insurance, a free last will and testament...

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