 | Joint Ventures and Acquisitions | | IHC has an extensive history of acquiring life and annuity blocks of business and entrepreneurial companies which have established themselves as leaders in various health insurance market niches.
Blocks of Business
Since 1999, IHC has generated millions of reserves by acquiring blocks of life and annuity policies. Many companies benefit by reducing administrative costs through divestiture of divisions, insurance subsidiaries and blocks of business, which do not fit their overall strategies, or through disposing of non-core businesses in order to focus capital on their primary lines. Some companies may be experiencing increased difficulty in remaining competitive due to more stringent regulatory requirements, downgrades by rating agencies, and the increased cost of sophisticated information processing systems. Other companies, including mutual and non-profit entities may have difficulty accessing sources of capital. Additionally, there are many small to medium sized closely-held and non-profit entities that may wish to explore divestiture options because of difficulty in administering their insurance policies in an economically efficient manner.
Operating Companies
IHC has formed or acquired many managing general underwriters, third party administrators and marketing organizations. Our philosophy has been to identify best in class market leaders in health insurance niches in which we have determined to enter or to bolster areas in which we already have significant market share. We provide administrative and systems support as warranted, but strive to maintain the “entrepreneurial spirit” that made these operations successful in the first place.
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