Conseco has signed an agreement to acquire from Fortis the Associated California State Insurance Agencies Inc. and its sister company, Ardtel Insurance Service Inc. ACSIA and Conseco have a long-standing relationship in the sale of long-term care insurance. The acquisition should strengthen the businesses of both companies. Currently the third largest long-term care career agency organization in the U.S., ACSIA creates additional distribution strength for Conseco, a leading issuer of long-term care insurance. The acquisition is subject to customary conditions and is expected to close within 60 days. Terms of the transaction were not announced.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Intersecting Risks and the Future of Construction Insurance 
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
