Printer Friendly

Corporate changes.

The number of mergers and retirements in the life/health industry increased in 2003 compared with the numbers in 2002.

In 2003, 30 mergers took place, compared with 27 the previous year. Also in 2003, 37 companies changed their names and five companies ceased operations.

The number of redomestications increased by one, with 11 companies moving compared with 10 in 2002.

All changes occurred in 2003, unless otherwise noted.

Name Changes

Admiral Life Insurance Company of America, Phoenix, changed its name to Renaissance Life & Health Insurance Company of Arizona.

A.G. Edwards Life Insurance Co., St. Louis, changed its name to Community Health Plan Insurance Co.

Anthem Alliance Health Insurance Co., Dallas, changed its name to OneNation Insurance Co. and redomesticated from Texas to Indiana.

AUSA Life Insurance Co., Purchase, N.Y., changed its name to Transamerica Financial Life Insurance Co.

Blue Cross & Blue Shield United of Wisconsin, Milwaukee, changed its name to Blue Cross Blue Shield of Wisconsin.

Central Investors Life Insurance Company of Illinois, Peoria, Ill., changed its name to Citizens USA Life Insurance Co.

CGU Insurance Company of Canada, Scarborough, Ontario, Canada, changed its name to Aviva Insurance Company of Canada.

Clarica Life Reinsurance Co., Lansing, Mich., changed its name to Generali USA Life Reassurance Co.

Conseco Variable Insurance Co., Amarillo, Texas, changed its name to Jefferson National Life Insurance Co.

CPIC Life Insurance Co., San Francisco, changed its name to Blue Shield of California Life and Health Insurance.

Delta Dental Plan of California, San Francisco, changed its name to Delta Dental of California.

Employers Modern Life Co., Urbandale, Iowa, changed its name to EMC National Life Co..

ERC Life Reinsurance Corp., Jefferson City, Mo., changed its name to Scottish Re Life Corp.

First Pyramid Life Insurance Co. of America, Little Rock, Ark., changed its name to Imerica Life and Health Insurance Co.

General & Cologne Life Re of America, Stamford, Conn., changed its name to General Re Life Corp.

Gerling Global Life Insurance Co., Toronto, changed its name to Revios Reinsurance Canada Ltd.

Gerling Global Life Reinsurance Co., Los Angeles, changed its name to Revios Reinsurance U.S. Inc.

Lutheran Brotherhood Variable Insurance Products Co., Minneapolis, changed its name to Thrivent Life Insurance Co.

MSC Life Insurance Co., Spokane, Wash., changed its name to LifeWise Health Plan of Arizona Inc.

One Health Plan of Arizona, Inc., Scottsdale, Ariz., changed its name to Great-West Healthcare of Arizona Inc.

One Health Plan of California Inc., Glendale, Calif., changed its name to Great-West Healthcare of California Inc.

One Health Plan of Colorado Inc., Greenwood Village, Colo., changed its name to Great-West Healthcare of Colorado Inc.

One Health Plan of Florida Inc., Tampa, Fla., changed its name to Great-West Healthcare of Florida Inc.

One Health Plan of Georgia Inc., Atlanta, changed its name to Great-West Healthcare of Georgia Inc.

One Health Plan of Illinois Inc., Rosemont, Ill., changed its name to Great-West Healthcare of Illinois Inc.

One Health Plan of Indiana Inc., Indianapolis, changed its name to Great-West Healthcare of Indiana Inc.

One Health Plan of Kansas/Missouri, Overland Park, Kan., changed its name to Great-West Healthcare of Kansas/Missouri Inc.

One Health Plan of Massachusetts Inc., Waltham, Mass., changed its name to Great-West Healthcare of Massachusetts Inc.

One Health Plan of New Jersey Inc., Piscataway, N.J., changed its name to Great-West Healthcare of New Jersey Inc.

One Health Plan of North Carolina Inc., Charlotte, N.C., changed its name to Great-West Healthcare of North Carolina Inc.

One Health Plan of Ohio Inc., North Olmstead, Ohio, changed its name to Great-West Healthcare of Ohio Inc.

One Health Plan of Oregon Inc., Portland, Ore., changed its name to Great-West Healthcare of Oregon Inc.

One Health Plan of Texas Inc., Dallas, changed its name to Great-West Healthcare of Texas Inc.

One Health Plan of Washington Inc., Bellevue, Wash., changed its name to Great-West Healthcare of Washington Inc.

Republic-Vanguard Life Insurance Co., Addison, Texas, changed its name to SCOR Life Insurance Co.

States West Life Insurance Co., Mountlake Terrace, Wash., changed its name to LifeWise Assurance Co.

UCSD Health Plan, San Diego, changed its name to Regents of the University of California.

Mergers and Retirements

Abraham Lincoln Insurance Co., Springfield, Ill., was merged into Universal Guaranty Life Insurance Co.

Aetna Health of Washington, Seattle, was merged into Aetna Health Inc. (a Washington corporation).

American Guaranty Life Insurance Co., McKinney, Texas, was dissolved.

Appalachian Life Insurance Co., Columbus, Ohio, was merged into Universal Guaranty Life Insurance Co.

Associates Financial Life Insurance Co., Tullahoma, Tenn., was merged into American Health and Life Insurance Co.

Associates Financial Life Insurance Co. of Texas, Irving, Texas, was merged into American Health and Life Insurance Co.

Classic Life Assurance Co., Gahanna, Ohio, discontinued operations during September.

Conseco Medical Insurance Co., Chicago, was merged into Washington National Insurance Co.

Excalibur Insurance Corp., Springfield, Ill., was merged into Central Investors Life Insurance Co. of Illinois, which changed its name to Citizens USA Life Insurance Co.

Family Insurance Corp., Madison, Wis., was merged into American Health and Life Insurance Co.

Frontier Life Insurance Co., Austin, Texas, was merged into Texas Directors Life Insurance Co.

Golden Circle Life Insurance Co., Brownsville, Tenn., was merged into Booker T. Washington Insurance Co., Inc.

Guarantee Reserve Life Insurance Co., Indianapolis, was merged into Reassure America Life Insurance Co.

GuideOne Life Insurance Co., West Des Moines, Iowa, was merged into Kansas City Life Insurance Co.

Houston National Life Insurance Co., Dallas, was merged into John Alden Life Insurance Co.

IL Annuity and Insurance Co., Topeka, Kan., was merged into Indianapolis Life Insurance Co.

Institutional Founders Life Insurance Co., Chicago, was dissolved.

Keyport Life Insurance Co., Lincoln, R.I., was merged into Sun Life Assurance Company of Canada (U.S.).

Life of Maryland Inc., Owings Mills, Md., was merged into Baltimore Life Insurance Co.

Lifeline Underwriters Life Insurance Co., Tyler, Texas, was merged into Combined Underwriters Life Insurance Co.

MetLife Security Insurance Co. of Louisiana, Metairie, La., was merged into Metropolitan Life Insurance Co.

National Life and Accident Insurance Co., Houston, was merged into Yosemite Insurance Co.

National Travelers Life Co., Urbandale, Iowa, was merged into Employers Modern Life Co.

North Central Life Insurance Co., Schaumburg, Ill., was merged into The United States Life Insurance Company in the City of New York.

Northbrook Life Insurance Co., Phoenix, was merged into Allstate Life Insurance Co.

Pathmark Assurance Co., Lincoln, Neb., withdrew its certificate of authority.

Pioneer Life Insurance Co., Chicago, was merged into Washington National Insurance Co.

Protected Home Mutual Life Insurance Co., Sharon, Pa., was merged into National Guardian Life Insurance Co.

Rushmore National Life Insurance Co., Rapid City, S.D., was merged into American Memorial Life Insurance Co.

Security-Connecticut Life Insurance Co., Minneapolis, was merged into ReliaStar Life Insurance Co.

Security Equity Life Insurance Co., New York, was merged into MetLife Security Insurance Co. of Louisiana.

Surety American Life Insurance Co., El Paso, Texas, was merged into United Mercantile Life Insurance Co.

Transamerica Life Insurance Company of New York, Purchase, N.Y., was merged into Transamerica Financial Life Insurance Co.

VHP Dental Inc., Austin, Texas, voluntarily withdrew.

Woodmen Accident and Life Co., Lincoln, Neb., was merged into Assurity Life Insurance Co.

Redomestications

AAA Life Insurance Ct., Washington, D.C., was redomesticated from the District of Columbia to Michigan.

American Travelers Assurance Co., West Des Moines, Iowa, was redomesticated from Iowa to the District of Columbia.

Business Men's Assurance Company of America, Kansas City, Mo., was redomesticated from Missouri to South Carolina.

Capitol Life Insurance Co., Golden, Colo., was redomesticated from Colorado to Texas.

Generali USA Life Reassurance Co., Lansing, Mich., was redomesticated from Michigan to Missouri.

Highmark Life Insurance Co., Hartford, Conn., was redomesticated from Connecticut to Pennsylvania.

New Era Life Insurance Company of the Midwest, Indianapolis, was redomesticated from Indiana to Texas.

North Central Life Insurance Co., Minneapolis, was redomesticated from Minnesota to Illinois.

Sears Life Insurance Co., Hoffman Estates, Ill., was redomesticated from Illinois to Texas.

Sterling Investors Life Insurance Co., St. Petersburg, Fla., was redomesticated from Florida to Georgia.

Unimerica Insurance Co., Bethesda, Md., was redomesticated from Maryland to Wisconsin.
COPYRIGHT 2004 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Life and health: regulatory/law
Publication:Best's Review
Geographic Code:1USA
Date:Jul 1, 2004
Words:1346
Previous Article:IT spending on the rise.
Next Article:Corporate changes.
Topics:


Related Articles
Walter F. Snyder - the legacy of a leader in environmental health.
Life in the 21st Century.
Keeping Up With Progress.
Blues review: Blue Cross & Blue Shield plans find conversion to for-profit status fraught with red tape. (Life/Health).
The regulatory web. (Regulation: The Big Picture).
A different climate: changes in regulation, health-care costs, market appeal and the weather drove the top insurance news stories of 2004.
Fiscal fitness.
Editorial calendar: looking ahead.
Exposing stealth tort 'reform'.
NAIC 2006 models could spark debate in legislatures.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters