Ameritas Seeks Approval to Purchase LifeRe Insurance Company.LINCOLN, Neb. -- Ameritas Life Insurance Corp., a UNIFI UNIFI Università Degli Studi Di Firenze (University of Florence, Italy) UNIFI Universal Financial Industry Message Scheme (business modeling methodology and XML syntax) Company, submitted a filing to the Texas Department of Insurance seeking approval to purchase LifeRe Insurance Company of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . The sale of LifeRe is prompted by the retirement of Chairman of the Board and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Richard Galland. "After a career in the insurance industry that spans 47 years, I targeted 2007 for retirement," says Galland. "When searching for a company to acquire my business, I looked for a highly rated company with financial stability, a similar culture, and great people. I found that with Ameritas." The LifeRe acquisition makes Texas one of the largest states in the business portfolio of Ameritas Group, a division of Ameritas Life Insurance Corp. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Ken VanCleave, senior vice president - Ameritas Group, "We have been searching for a regional sales and service center to help grow our business, and LifeRe provides exactly what we're looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. . It is a customer-focused company with great employees and an excellent reputation." Approval is anticipated from the Texas Department of Insurance in June, with July 2 targeted as the closing date for the acquisition. About LifeRe LifeRe has been in business since 1984, selling and servicing dental, eye care, group term life, group disability, and Section 125 administration. The company's success is based on its ability to deliver specialized insurance products to the marketplace while developing and honoring ethical relationships with clients. About Ameritas Group Ameritas Group is one of the nation's leading providers of dental and eye care products and services. With more than 30 years of experience in group dental and nearly 20 years of experience in group eye care, Ameritas Group serves more than 41,000 employer groups employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. covering 3.5 million insured members nationwide. In New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , products are offered through First Ameritas Life Insurance Corp. of New York. |
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