Wausau Insurance will sell its business benefits until to an investor group headed by Wausau Insurance Vice President Fred Moore, creating a stand-alone company.
The sale will allow Wausau to focus on its main business, workers’ compensation. The benefits unit is the 10th largest administrative service provider in the country. It was created more than 50 years ago and serves 1.4 million people enrolled in employee benefit plans.
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Experian Launches Insurance Marketplace App on ChatGPT 
