{"id":1924,"date":"2021-05-22T09:02:44","date_gmt":"2021-05-22T09:02:44","guid":{"rendered":"https:\/\/healthplan.distilinfo.com\/?p=1924"},"modified":"2021-05-22T09:02:45","modified_gmt":"2021-05-22T09:02:45","slug":"hc2-plans-to-sell-continental-insurance-group","status":"publish","type":"post","link":"https:\/\/distilinfo.com\/healthplan\/hc2-plans-to-sell-continental-insurance-group\/","title":{"rendered":"HC2 plans to sell continental Insurance Group"},"content":{"rendered":"\n

HC2 Holdings Inc. has initiated the process for the sale of Continental Insurance Group Ltd. This is a company that covers 125,000 life, health, pension, and long-term care insurance with Michael Gorzynski as Chairman and President.<\/p>\n\n\n\n

  1. An insurer in Austin:<\/em><\/strong> Continental is the Austin, Texas-based parent of Continental LTC Inc. and Continental Normal Insurance coverage Firm. It ended in 2020 with about $4.9 billion in money and invested property. It could be finest identified for a transfer to acquire Kanawha Insurance Company, an LTCI issuer, from Humana Inc. in 2018.<\/li>
  2. A deal to sell various firms: <\/em><\/strong>HC2 gave traders a Continental deal to replace the final week when it introduced its earnings for the primary quarter. The publicly traded, New York-based holding firm buys, manages, and sells many various kinds of firms.<\/li>
  3. Discovering potential:<\/em><\/strong> The businesses began out utilizing a non-binding of curiosity to discover the potential of making a deal, then a definitive deal settlement in March. HC2 mentioned it hoped to get approval from the Texas Division of Insurance coverage and shut on the deal by Sept. 30.<\/li>
  4. The highly skilled CEO: <\/em><\/strong>Gorzynski has been the LTCI unit\u2019s chairman. He has expertise with funding banking offers that contain troubled firms. Continental acquired Kanawha, an LTCI issuer, from Humana in 2018. HC2 introduced in December that Gorzynski was trying to buy the insurance business by a transaction with a complete worth of about $90 million.<\/li>
  5. Best public holding company<\/em><\/strong>: Founded in 1994, HC2 is headquartered in New York, New York. It is a publicly traded diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"

    HC2 Holdings Inc. has initiated the process for the sale of Continental Insurance Group Ltd. This is a company that… Continue Reading <\/i><\/a><\/p>\n","protected":false},"author":8,"featured_media":1925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1924","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-distilinfo-originals","8":"entry"},"_links":{"self":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/1924"}],"collection":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/comments?post=1924"}],"version-history":[{"count":1,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/1924\/revisions"}],"predecessor-version":[{"id":1926,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/1924\/revisions\/1926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media\/1925"}],"wp:attachment":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media?parent=1924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/categories?post=1924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/tags?post=1924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}