Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Reinsurer Backs LTC Insurer

X
Your article was successfully shared with the contacts you provided.

Munich American Reassurance Company has agreed to reinsure an individual long term care insurance product sold by MedAmerica Insurance Company.

MedAmerica, Pittsburgh, says the reinsurance arrangement will help it support sales of its popular CareDirections Simplicity LTC product.

Some long term care insurers seem to be retreating from the LTC insurance market, but, at MedAmerica, a unit of Lifetime Healthcare Companies, Rochester, N.Y., “individual sales are at an all-time high,” MedAmerica President Christopher Perna says in a statement. “We foresee unlimited opportunity in the marketplace for future growth.”

Munich American, Atlanta, is a unit of the Munich Re Group, Munich.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.