“Continental, a Long-Term Care Insurance Block Buyer, Is Up for Sale,” by Allison Bell, ThinkAdvisor

 

Quote:

“The managers of HC2 Holdings Inc say they are involved in ‘advanced discussions’ to sell Continental Insurance Group Ltd. and Continental General Insurance Company. HC2 is a publicly traded company based in New York that buys companies in many different industries in addition to insurance. Continental Insurance is holding company for Continental LTC Inc., and Continental LTC controls Continental General. Continental Insurance and its subsidiaries have gotten attention in the long-term care insurance (LTCI) world by buying several LTCI issuers from their parents.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

A sale because of or in spite of the LTCI involvement?