Protective Life Acquires NY-Based Obsidian Specialty Insurance Carrier

Story Summary
On May 1, 2026, Alabama's Protective Life announced plans to acquire New York-based Obsidian Insurance Holdings to enter property/casualty insurance. The deal includes Obsidian's subsidiaries and aims to provide capital support while expanding Protective's business lines. Expected to close between late 2026 and early 2027, the transaction marks Protective's 62nd acquisition since joining Daiichi Life in 2015.




