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Program Organizer To Acquire Group Blocks

By Staff Writer

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Affinion Group Inc. says it wants to buy blocks of guaranteed-issue group insurance from insurers.

Affinion, Norwalk, Conn., which sells insurance and other products through affinity groups, says it also will consider blocks of other types of business and has the capital to fund the transactions.

Typical blocks acquired might generate $1 million to $500 million or more in annual premium revenue and could include blocks of accidental death and dismemberment business, hospital accident or indemnity plan business, or common carrier plans, Affinion says.

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