![]() SLAICO and Core Specialty are working together to ensure all policyholders continue to receive industry-leading products and services, and to align the combined operations in the best interests of customers, agents, brokers, and employees. ANAT will continue to administer excluded business reinsured by ANAT out of SLAICO which consists of certain life, annuity, and health insurance policies. Together with the Fronted Casualty Division, Core Specialty would have over $750 million of gross premium income and over $40 million in fee income from these two business units based on full year 2022 results. The transaction is expected to be accretive to Core Specialty’s earnings per share and return on equity in 2024. The business was acquired for cash through the acquisition of 100% of the stock of Standard Life and Accident Insurance Company (“SLAICO”) and certain reinsurance transactions. Jim Stelling has joined the company as President of the new Medical Stop-Loss Division, which is maintaining its presence in League City, Texas. ![]() The acquisition marks Core Specialty’s 14th Specialty Business Unit. and its subsidiaries (“Core Specialty” or the “Company”) announced today the completion of the acquisition of the MGU/Stop-Loss business of American National Group (“ANAT”), which was previously announced on June 12, 2023. 01, 2023 (GLOBE NEWSWIRE) - Core Specialty Insurance Holdings, Inc. Jim Stelling joins Core Specialty as President, Medical Stop-LossĬINCINNATI, Dec.Furthers Core Specialty’s momentum in building a leading specialty insurance company.Represents Core Specialty’s 14 th Specialty Business Unit.
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