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WESTBRIDGE CAPITAL SUBSIDIARY SIGNS DEFINITIVE AGREEMENT

 WESTBRIDGE CAPITAL SUBSIDIARY SIGNS DEFINITIVE AGREEMENT
 FORT WORTH, Texas, Sept. 17 /PRNewswire/ -- Westbridge Capital Corp. (AMEX: WBC) today announced that its wholly owned subsidiary, National Foundation Life Insurance Co., signed definitive agreements to acquire a block of Medicare supplement policies from American Integrity Insurance Company, Philadelphia, Pa., for $5 million. The transfer of the business, which totaled $42 million in annualized premiums, would be effective as of March 31, 1992.
 The transaction, which is expected to close on or before Sept. 30, 1992, is subject to regulatory review.
 -0- 9/17/92
 /CONTACT: Dennis A. Weverka, senior vice president of National Foundation Life Insurance, 817-878-3300/
 (WBC) CO: Westbridge Capital Corp.; National Foundation Life Insurance Corp. ST: Texas IN: INS SU:


PS-TM -- NY003 -- 0455 09/17/92 09:00 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:129
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