National General To Buy Some Business Lines And Assets From Assurant Health

(RTTNews) - National General Holdings Corp (NGHC) on Wednesday said it has reached an agreement in principle, subject to final documentation and regulatory approval, to acquire certain business lines and assets from Assurant Health, which is a business segment of Assurant Inc (AIZ).

Included in the transaction are the small group self-funded and supplemental product lines, as well as the right to acquire certain other assets including North Star Marketing, a proprietary small group sales channel. In total, these businesses will provide National General with access to up to about $280 million of potential additional A&H revenues.

Assurant Health will continue sales of its small group self-funded and supplemental products while the transaction is finalized.