Agam Capital Advises JAB Insurance on Signing of Agreement for JAB Insurance To Acquire Columbian Mutual

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TEANECK, N.J.--(BUSINESS WIRE)--Nov 18, 2025--

Agam Capital (“Agam”), a global leader in insurance-related asset and liability analytics, is advising JAB Insurance (“JAB”), the global life insurance business of JAB Holding Company, on the signing of a purchase agreement regarding New York-based Columbian Mutual Life Insurance Company (“CML” or “Columbian Mutual”) and Illinois-based Columbian Life Insurance Company (“CLIC”, and collectively, “Columbian Financial Group” or “CFG”). The purchase agreement, which is central to the proposed Plan of Rehabilitation of CML, is subject to approval by the courts supervising the CFG rehabilitations as well as regulatory approvals.

The proposed transaction, which calls for JAB Insurance to provide new equity capital to secure a stable, permanent home for policyholders, strategically leverages Agam’s unique pALM analytical platform and insurance transaction structuring capabilities. Agam represented JAB in its dealings with the Rehabilitator of CML and her staff at the New York Liquidation Bureau (NYLB) and the Rehabilitator of CLIC at the Illinois Office of the Special Deputy (OSD), both of which manage the rehabilitation of insolvent insurers in their respective states.

Separately, Agam and JAB Insurance have entered into a long-term service agreement whereby JAB Insurance will leverage Agam’s ALM analytics and enterprise risk management expertise to support CFG in the execution of its long-term business strategy.

Agam’s Co-Founders, Chak Raghunathan and Avi Katz, said, “We are pleased to continue growing our relationship with Anant Bhalla and the JAB Insurance team. This transaction builds on Agam’s prior track record of working with investors and regulators to craft attractive solutions that maximize long-term benefits and protections for policyholders. Agam has developed a strong track record of advising on complex insurance transactions with regulatory engagement and win-win outcomes for all stakeholders.”

Agam Partners, Alex Lin and Gaurav Rastogi, said: “This transaction highlights Agam’s ability to combine cutting-edge analytics and deep actuarial rigor to solve complex insurance challenges and create a framework that secures long-term policyholder protection.”

About Agam Capital

Agam is a global leader in insurance-related asset and liability analytics. Founded in 2016, Agam operates the pALM ecosystem, a differentiated analytical platform for balance sheet optimization across the insurance industry. This proprietary Asset Liability Management (ALM) platform supports Agam's strategic partners in exceeding their capital and growth targets. With a fully embedded Dynamic Strategic Asset Allocation (DSAA) and Enterprise Risk Management (ERM) infrastructure, pALM supports Agam’s ability to offer one stop, turnkey insurance solutions to global clients in various regulatory jurisdictions.

Agam’s team of experts have a global reach with offices in the USA, Canada, Bermuda and India. In addition, Agam ISAC Bermuda, which offers a comprehensive suite of operational, management and governance services to Bermuda based reinsurers, is fully licensed as a Class E insurer by the Bermuda Monetary Authority (BMA).

View source version on businesswire.com:https://www.businesswire.com/news/home/20251116063794/en/

CONTACT: Chak Raghunathan | Co-Founder, Managing Partner

Agam Capital Management, LLC

[email protected]

KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: DATA ANALYTICS PROFESSIONAL SERVICES INSURANCE

SOURCE: Agam Capital

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PUB: 11/18/2025 09:00 AM/DISC: 11/18/2025 09:00 AM

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