Company Overview

Pavonia Life Insurance Company of Michigan primarily sold annuity products. It is part of the Global Bankers Insurance Group, which in turn is part of a larger group of companies known as Global Growth (formerly known as Eli Global), which is owned by Greg Lindberg. The company was placed in rehabilitation by order of the Circuit Court for the 30th Judicial Circuit, Ingham County, Michigan, on July 9, 2019.

In September 2022, the Rehabilitation Court approved the sale of Pavonia to Axar Capital, LLC. The rehabilitation terminated September 14, 2022.

Company Details

NAIC Number: 93777

An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company.

Domiciliary State: Michigan

The domiciliary state is the state in which an insurance company is incorporated or organized.

Rehabilitation Date: July 09, 2019

Released from Oversight: September 14, 2022