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WESTBRIDGE CAPITAL SUBSIDIARY SIGNS LETTER OF INTENT TO ACQUIRE $40 MILLION OF INSURANCE BUSINESS FROM AMERICAN INTEGRITY

WESTBRIDGE CAPITAL SUBSIDIARY SIGNS LETTER OF INTENT TO ACQUIRE
 $40 MILLION OF INSURANCE BUSINESS FROM AMERICAN INTEGRITY
 FORT WORTH, Texas, Aug. 18 /PRNewswire/ -- Westbridge Capital Corp. (AMEX: WBC) today said that its National Foundation Life Insurance Company subsidiary had entered into a preliminary agreement to acquire the medicare supplement insurance business of American Integrity Insurance Company, Philadelphia, Pa. The block of business to be acquired amounts to annualized premiums in force of approximately $40 million.
 Consummation of the transaction is subject to completion of due diligence, required regulatory approvals, and the signing of a definitive agreement.
 -0- 8/18/92
 /CONTACT: Michael C. Batte, vice president and chief financial officer of Westbridge Capital, 817-878-3300/
 (WBC) CO: Westbridge Capital Corp.; National Foundation Life Insurance
 Company; American Integrity Insurance Company ST: Texas, Pennsylvania IN: INS SU:


PS-OS -- NY036 -- 0921 08/18/92 11:42 EDT
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Publication:PR Newswire
Date:Aug 18, 1992
Words:143
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