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Article: Swiss Re Life & Health America Inc. Completes Administrative Reinsurance Transaction with The Midland Life Insurance Company.
- Article from:
- Business Wire
- Article date:
- July 27, 2000
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Business Editors & Insurance Writers
ZURICH, Switzerland--(BUSINESS WIRE)--July 27, 2000
Swiss Re Life & Health America Inc. announced that its affiliate, Reassure America Life Insurance Company, has completed an Administrative Reinsurance transaction in which it will acquire 100 percent of the outstanding stock of National Capital Financial Corporation and its wholly owned subsidiary The Midland Life Insurance Company.
Midland, based in Columbus, Ohio, had assets of US$1.2 billion at December 31, 1999, and total revenue of approximately US$300 million during 1999. Midland has more than 200,000 policies in force, including life insurance ...