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March 31, 2016 at 12:46 PM
Swiss Re Corporate Solutions has completed previously announced plans to acquire IHC Risk Solutions LLC from Independence Holding Company for $152.5 million in cash.
See also: Health deals: IHC, Cowan, Agent Review
Swiss Re Corporate Solutions is a New York-based unit of the Swiss Re Group.
Independence Holding (NYSE:IHC) has been an active player in the employer health plan stop-loss market in the United States.
The IHC Risk Solutions business had about 100 employees in Arizona, Connecticut, Illinois, Indiana and New Jersey in January, when the deal was announced.
Mike Kemp, who has been president of IHC Risk Solutions, is now the leader of the North America Accident & Health business unit at Swiss Corporate Solutions, Swiss Re says.
Swiss Re notes on a Web page for its U.S. employer stop-loss unit that has already switched some forms and marketing materials to the Swiss Re Corporate Solutions brand. Employers that want the old IHC organ transplant solution, for example, are now directed to a page for the Swiss Re Corporate Solutions organ transplant solution.
