(800) 356.9601
Many companies benefit by reducing administrative costs through divestiture of divisions, insurance subsidiaries and blocks of business which do not fit their overall strategies, or through disposing of non-core businesses in order to focus capital on their primary lines. Some companies may be experiencing increased difficulty in remaining competitive due to more stringent regulatory requirements, downgrades by rating agencies, and the increased cost of sophisticated information processing systems. Other companies, including mutual and non-profit entities may have difficulty accessing sources of capital. Additionally, there are many small to medium sized closely-held and non-profit entities that may wish to explore divestiture options because of difficulty in administering their insurance policies in an economically efficient manner.
We are extremely experienced in converting acquired policies and assuming the daily servicing requirements related to the acquisition of substantial blocks of policies. We have a proven track record of quickly and efficiently converting large numbers of policies (e.g., over 115,000 policies were converted in less than two months at the end of 1999). We are particularly interested in acquiring the following types of policies: traditional and group life, interest-sensitive life, limited benefit health (e.g., cancer or hospital indemnity), medical stop-loss and some other disability and certain annuities. Although our primary focus is on transactions involving the purchase of blocks of policies, we are also willing to evaluate acquisitions of entire companies.
We are extremely experienced in converting acquired policies and assuming the daily servicing requirements related to the acquisition of substantial blocks of policies. We have a proven track record of quickly and efficiently converting large numbers of policies (e.g., over 115,000 policies were converted in less than two months at the end of 1999). We are particularly interested in acquiring the following types of policies: traditional and group life, interest-sensitive life, limited benefit health (e.g., cancer or hospital indemnity), medical stop-loss and some other disability and certain annuities. Although our primary focus is on transactions involving the purchase of blocks of policies, we are also willing to evaluate acquisitions of entire companies.
