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Indiana Holding Company to Buy Philadelphia-Based Life Insurer.(Originated from The Philadelphia Inquirer)
May 1--Conseco Inc. said Wednesday that it will add another Philadelphia company to its list of subsidiaries: Colonial Penn Life Insurance.
The Carmel, Ind., life and health insurer said it would purchase Colonial Penn and Providential Life Insurance Co. from Leucadia National Corp., of New York, for $460 million.
Last December, Conseco bought American Travellers Corp., Bensalem, for $793 million. The deal gave Conseco the largest share nationwide of the long- term-care insurance market.
Colonial Penn employs about 300 people in its Center City offices. Spokesman Jim Rosensteele said no operational changes were planned. He said ...
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- Leucadia National Completes Sale of Colonial Penn Life Insurance Co. to Conseco.
- Press release article from: Business Wire October 1, 1997 700+ words
...NYSE and PSE: "LUK") today announced the completion of the sale of its life insurance subsidiaries Colonial Penn Life Insurance Co. and Providential Life Insurance Co. and certain related assets to Conseco Inc., for $460 million payable...
- Leucadia National announces agreement for sale of Colonial Penn Life Insurance...
- Press release article from: Business Wire April 30, 1997 700+ words
...agreement to sell its subsidiaries, Colonial Penn Life Insurance Co. and Providential Life Insurance Co. and certain related assets to...engaged in the sale of "graded benefit life" insurance policies through direct marketing and...
- Colonial Penn Group Inc. acquires Colonial Penn Annuity and Life Insurance Co....
- Press release article from: PR Newswire January 18, 1988 700+ words
...INC. ACQUIRES COLONIAL PENN ANNUITY AND LIFE INSURANCE CO. FROM MUTUAL...acquisition of Colonial Penn Annuity and Life Insurance Co. (CPAL...pleased to welcome Colonial Penn Annuity and Life Insurance Company to the...
- TPA awarded $2.5M in Col. Penn suit. (third party administrator, Colonial Penn...
- Magazine article from: National Underwriter Life & Health-Financial Services Edition Jones, David C. June 11, 1990 700+ words
...A federal jury here has found Colonial Penn Life guilty of breach of contract...association group policy to be sold by Colonial Penn, according to Hallmark's attorney, Herbert Beigel. "After Colonial Penn signed its agreement with Hallmark...
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- Press release article from: PR Newswire July 3, 1997 700+ words
...insurance operating companies, Leucadia Life Insurance Group, Colonial Penn Property/Casualty Insurance Group...BBB+ Subordinated debt BBB Leucadia Life Insurance Group Colonial Penn Life insurance Co. Charter National Life Insurance...
- Colonial Penn Group Inc. elects Harold W. Booth senior vice president.
- Press release article from: PR Newswire May 14, 1984 700+ words
...board of directors of Colonial Penn Group Inc. (NYSE) today...officer of Intramerica Life Insurance Co., a subsidiary of Colonial Penn Group Inc. From 1977...area from Lincoln, Neb. Colonial Penn Group Inc. is one of...
- A.M. Best places Colonial Penn Life, Providential Life ratings under review...
- Press release article from: Business Wire May 1, 1997 700+ words
...Excellent) rating of Colonial Penn Life Insurance Co., Philadelphia...rating of Intramerica Life Insurance Co., Little Rock...company--to sell Colonial Penn and Providential...the non-variable life insurance business from Intramerica...