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Article: American Heritage Life Insurance Company (AHL) Announces Acquisition of Security Life of Denver Worksite Marketing Business
- Article from:
- PR Newswire
- Article date:
- September 18, 1997
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Copyright informationCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JACKSONVILLE, Fla., Sept. 18 /PRNewswire/ -- American Heritage Life Insurance Company (AHLIC), the principal subsidiary of American Heritage Life Investment Corporation (NYSE: AHL), announced today its agreement in principle to acquire the U.S. worksite marketing business of Security Life of Denver, a member of the ING Group (NYSE: ING). The transaction, subject to the execution and regulatory approval of a definitive coinsurance agreement, was announced by T. O'Neal Douglas, Chairman and Chief Executive Officer of American Heritage Life Investment Corporation and American Heritage Life Insurance Company.
The block of business has annualized premiums of approximately ...