Maynard Nexsen Supports Protective Life Corporation in Acquisition of ShelterPoint Group, Inc.

Spring 2024

Maynard Nexsen’s Employee Benefits & Executive Compensation practice group assisted Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, Inc., in its acquisition of ShelterPoint Group, Inc., a leading provider of statutory disability, paid family and medical leave, as well as medical gap insurance products, among others.

Maynard Nexsen handled the benefits, executive compensation, and human resources-related aspects of the transaction and was led by Beth Beaube and Virginia McKibbens. Other integral members of the team included Seth Capper, Sarah Dorner, and Kate Belyayeva.

Protective, based in Birmingham, Alabama, offers life insurance, annuity and asset protection solutions with more than 3,800 employees. ShelterPoint currently provides insurance and income replacement products to nearly two million individuals across the country.

About the Employee Benefits & Executive Compensation Team

This practice group assists clients in the negotiation of employee benefit, executive compensation, and equity and incentive plan issues in corporate transactions, including acquisitions, mergers, credit agreements, and public offerings, and the integration of employee benefit structures following corporate acquisitions. Transactional benefits experience ranges from plan establishment issues to corporate disposition transactions such as spin-offs, stock and asset sales, plan terminations, and other transactions, including employee benefits issues in the bankruptcy setting.

About Maynard Nexsen

Maynard Nexsen is a full-service law firm with more than 550 attorneys in 24 offices from coast to coast across the United States. Maynard Nexsen formed in 2023 when two successful, client-centered firms combined to form a powerful national team. Maynard Nexsen’s list of clients spans a wide range of industry sectors and includes both public and private companies. 

Media Contact

Tina Emerson

Chief Marketing Officer 

Direct: 803.540.2105

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