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.
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups 
WR Berkley Founder and Executive Chairman Dies at 80 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
Claimants of 23andMe Data Breach to Get $46.75M in Settlement Deal 
