Navigation Links
Insurer Grows with $70 Million Acquisition
Date:4/14/2009

ROCHESTER, N.Y., April 14 /PRNewswire/ -- Long-term care insurer MedAmerica announces a $70 million acquisition of the long-term care insurance business of Combined Insurance Company of America, part of the ACE Group of Companies. Combined Insurance is a 90-year-old leading provider of supplemental accident, health and life insurance products. ACE is one of the world's largest providers of commercial property and casualty insurance and reinsurance. Upon completion, the acquired block of 11,000 contracts is expected to generate $12 million in annualized written premium and support the continued growth of MedAmerica's operations. The transaction was effective Dec. 31, 2008.

MedAmerica was selected because of its strong service capacity and exclusive focus on long-term care insurance. "MedAmerica has a strong track record and is viewed as a leader in the long-term care insurance industry," comments Doug Wendt, president and chief executive officer, Combined Insurance. "The MedAmerica brand will serve our former long-term care policyholders well."

"Having a highly rated insurer like ACE select us is a confirmation of MedAmerica's solid position in the LTC marketplace for the last 20 years," comments Bill Naylon, vice president of finance and capital markets at MedAmerica. "ACE recognizes that servicing long-term care insurance requires dedicated operations and specialized risk management expertise."

"Combined Insurance and ACE entrust us with the future of their insureds," says Chadwick Roy, director of capital markets at MedAmerica. "They value the security MedAmerica offers. We're not an insurance supermarket. MedAmerica underwrites, insures and administers one product, and one product only -- long-term care insurance. It's our depth of expertise that is an attractive added value."

MedAmerica maintains a strong market position with its Simplicity cash long-term care insurance policy lead
'/>"/>

SOURCE MedAmerica
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. AT&T Establishes New Network Services for Leading Medical Liability Insurer
2. Commercial Insurers Reimbursement Rate to New Yorks Community Health Centers Jeopardizes Care
3. New Analysis Underscores Legality of Physician Ranking and Public Reporting Systems When Used by Health Insurers to Improve Health Care Quality
4. Draft Rules Wont Stop Insurers Illegal Cancellations of Health Policies
5. Nations Largest Pet Insurer Reveals Top 10 Items Surgically Removed From Pets
6. California Wildfires Could Cost Insurers Over $1.5BN, Says RMS
7. Connecticut Trial Lawyers Ask Doctors to Question Insurers Excess Profits
8. NHCAA Annual Training Conference Bringing Together Law Enforcement, Health Insurers to Fight Health Care Fraud
9. NCPA Study: Government, Insurers Keep Medicine in Stone Age
10. New Long-Term Care Insurer Offers Simplified Insurance Plans in Florida
11. AMA Commends N.Y. Investigation of Health Insurers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... years since the release of their debut recording Love is King, ... & Matthew Love – the duo are pleased to announce their ... Swan Records on February 24, 2015. , THE ROAD offers the ... all of us to walk out of the mire of our ...
(Date:1/22/2015)... IPSWICH, Mass. (PRWEB) January 22, 2015 ... Association (AMA) are expanding their relationship in an effort ... journals around the world. While EBSCO has long made AMA ... as a sales agent for The JAMA Network. ...
(Date:1/22/2015)... JJsHouse.com is a famous dress online store ... announces its latest collection of wedding dresses , and ... issue is the wedding dress on your big day; the ... life. Every bride wants to find the most suitable wedding ...
(Date:1/22/2015)... 2015 Lower-Auto-Insurance.com has released a new blog post ... car for reducing the costs of an auto insurance policy ... able to get lower prices for their vehicle insurance policies. The ... in determining policy costs. Because of this, drivers should always ...
(Date:1/22/2015)... State Forestry Institute of Mecklenburg-Vorpommern in Germany ... from GEOSYSTEMS, a dedicated Hexagon Geospatial and Intergraph partner ... Geospatial’s ERDAS APOLLO for cataloging, managing, and ... clouds and documents. This effort will enable the State ...
Breaking Medicine News(10 mins):Health News:THE ROAD by Avasa & Matthew Love -- A New Album 2Health News:THE ROAD by Avasa & Matthew Love -- A New Album 3Health News:THE ROAD by Avasa & Matthew Love -- A New Album 4Health News:EBSCO Expands Partnership with the American Medical Association 2Health News:EBSCO Expands Partnership with the American Medical Association 3Health News:EBSCO Expands Partnership with the American Medical Association 4Health News:Find The Most Suitable Wedding Dress At JJsHouse.com 2Health News:Driving Safe And Other Factors That Make Auto Insurance Affordable! 2Health News:State Forestry Institute Mecklenburg-Vorpommern, Germany Embraces Hexagon Geospatial Technology 2Health News:State Forestry Institute Mecklenburg-Vorpommern, Germany Embraces Hexagon Geospatial Technology 3
... ... the immediate availability of its new Alterian Content Manager, Professional Edition. ... record of collaboration with Microsoft, together into one package for partners ... Platform. Alterian Content Manager is the Content Management System (CMS) behind ...
... ... selection of deals for Mother’s Day. Experienced experts research the internet to provide the ... as laptops, HDTVs, Father’s Day and graduation. , ... (PRWEB) April 26, 2010 -- Mother’s Day Deals ...
... ... appear free from physical damage it is extremely difficult to identify what level of degradation ... and internal corrosion. Companies considering installing used racking must recognise that any uncertainty presents serious ... ...
... ... has announced a small business Internet video advertising program that can deliver ... months required for traditional web page search engine optimization. The Site Steering ... short promotional video, and using a proprietary method to distribute the video ...
... data from electronic patient records to select individuals at high ... aged between 40 and 74 years of age, is just ... run, according to research published on bmj.com today. ... last twenty years, heart problems remain the leading cause of ...
... ... Commitment in Promoting Pharmacy’s “Value and Values” -- Announces NACDS Foundation’s $150,000 Contribution to ... ... Chain Drug Stores ( NACDS ) demonstrates value to member companies and improves public ...
Cached Medicine News:Health News:Alterian Releases Professional Edition of its Content Manager Technology, Offering Partners and Clients an Even Faster Time-to-Live for Their Websites 2Health News:Alterian Releases Professional Edition of its Content Manager Technology, Offering Partners and Clients an Even Faster Time-to-Live for Their Websites 3Health News:Alterian Releases Professional Edition of its Content Manager Technology, Offering Partners and Clients an Even Faster Time-to-Live for Their Websites 4Health News:Expert Approved: FatWallet Guides Mother's Day Shoppers to the Best Deals Online 2Health News:Warning Over Dangers of Used Racking Issued By Thistle Systems 2Health News:Warning Over Dangers of Used Racking Issued By Thistle Systems 3Health News:Site Steering Launches Keyword Targeted Small Business Internet Video Advertising Program That Achieves First Page Search Results Within Days 2Health News:Site Steering Launches Keyword Targeted Small Business Internet Video Advertising Program That Achieves First Page Search Results Within Days 3Health News:Selecting high-risk patients for heart screening 2Health News:NACDS' Anderson Says Retailers and Suppliers' “Health and Wellness Renaissance” is Creating a “Historic, Watershed Moment” 2Health News:NACDS' Anderson Says Retailers and Suppliers' “Health and Wellness Renaissance” is Creating a “Historic, Watershed Moment” 3Health News:NACDS' Anderson Says Retailers and Suppliers' “Health and Wellness Renaissance” is Creating a “Historic, Watershed Moment” 4
(Date:1/23/2015)... 23, 2015 More than a third of reproductive-aged women ... with private insurance, filled a prescription for an opioid pain ... this week,s Morbidity and Mortality Weekly Report (MMWR). ... treat moderate to severe pain.  They are also found in ...
(Date:1/23/2015)... 2015  HyGreen, Inc., a leader in hand hygiene monitoring, ... Medical, a subsidiary of Ascendis Health Limited, in ... year, hundreds of millions of patients around the world ... transmitted from patient to patient via the unwashed hands ...
(Date:1/23/2015)... 2015 Cord Blood America, Inc. ( www.cordblood-america.com ) (OTC ...  filed a Preliminary Proxy Statement, Schedule 14A, with the U.S. ... an update for shareholders detailing why a "YES" vote to ... Dear Shareholders, As we reflect upon the 2014 ...
Breaking Medicine Technology:Opioid painkillers widely prescribed among reproductive age women 2Opioid painkillers widely prescribed among reproductive age women 3HyGreen Partners with RCA Medical in Johannesburg, South Africa 2Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 2Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 3Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 4
... WASHINGTON, Feb. 22, 2011 The Department of Veterans ... earlier this month at the John Cochran VA Medical ... were noticed on some medical trays and one surgical ... "The spots were reported to hospital ...
... Minn., Feb. 22, 2011 New research shows people who ... be at an increased risk of developing Parkinson,s disease, according ... the American Academy of Neurology ,s 63rd Annual Meeting ... Benzedrine and dexedrine are amphetamines often prescribed to increase wakefulness ...
Cached Medicine Technology:American Legion: St. Louis VA Acted Quickly, Correctly 2Using Amphetamines May Increase Risk of Parkinson's Disease 2
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: