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GENERAL AMERICAN, PAUL REVERE SIGN AGREEMENTS

 WORCESTER, Mass., Dec. 29 /PRNewswire/ -- In an agreement announced today, Paul Revere Insurance Group (NYSE: PRL) agreed to reinsure General American Life Insurance Company's closed book of disability income business on a coinsurance basis. According to Ben H. Wolzenski, FSA, CLU, General American's executive vice president, Individual, "Paul Revere will cover a significant portion of the net risk retained by General American." At the same time, Paul Revere agreed to provide disability claims management services for General American's claims starting July 1, 1994.
 General American has been selling Paul Revere individual disability products on a national account basis since 1991.
 General American, headquartered in St. Louis, is one of the nation's 20 largest mutual life insurance companies and has more than $8 billion in assets. Based in Worcester, Mass., Paul Revere is the largest and oldest non-cancelable disability income insurer in the United States and Canada.
 -0- 12/29/93
 /CONTACT: Jim Johnson of Paul Revere, 508-751-7206, (from 8 a.m. - 5 p.m.), or Charles L. Larance of General American, 314-444-0520/
 (PRL)


CO: Paul Revere Insurance Group; General American Life Insurance
 Company ST: Massachusetts, Missouri IN: INS SU:


JL -- NE006 -- 7841 12/29/93 15:27 EST
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Publication:PR Newswire
Date:Dec 29, 1993
Words:198
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