M&A Deal Summary

Companion Life Insurance Co. Acquires Medical Excess Underwriters

On September 25, 2012, Companion Life Insurance Co. acquired insurance company Medical Excess Underwriters

Acquisition Highlights
  • This is Companion Life Insurance Co.’s 4th transaction in the Insurance sector.
  • This is Companion Life Insurance Co.’s 4th transaction in the United States.
  • This is Companion Life Insurance Co.’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2012-09-25
Target Medical Excess Underwriters
Sector Insurance
Buyer(s) Companion Life Insurance Co.
Deal Type Add-on Acquisition

Target

Medical Excess Underwriters

Massachusetts, United States
Medical Excess Underwriters (MEDEX) an independent managing general underwriter . Its services include underwriting, premium administration, stop loss claim adjudication, policy issue and claim management services.

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Buyer(S) 1

Buyer

Companion Life Insurance Co.

Columbia, South Carolina, United States

Category Company
Founded 1970
Sector Insurance
DESCRIPTION

Companion Life Insurance has specialized in employee benefits, company markets life, dental, disability, accident and specialty health insurance products through a network of independent agents and brokers, general agents and managing general underwriters.


DEAL STATS #
Overall 4 of 4
Sector: Insurance M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Massachusetts M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-24 ASG Risk Management

Portland,, Maine, United States

ASG Risk Management Inc. a full-service managing general underwriter to third party administrators, brokers and consultants.

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