“HC2 Gets Offer for Long-Term Care Insurance Business,” by Allison Bell, ThinkAdvisor
Quote:
“Michael Gorzynski — an investor who owns a 6.6% stake in HC2 Holdings Inc., has a seat on the HC2 board and who serves as the chairman of HC2′s Continental General Insurance Company unit — is trying to acquire the Continental insurance business from HC2. … Although Continental has blocks of life and annuity business as well as blocks of LTCI business, it’s best known for its LTCI business, because it has been one of the few companies making deals for blocks of LTCI business.”
LTC Comment:
Someone shopping for long-term care insurance in bulk has to be a good thing.
