What You Need to Know
- Crum & Forster is a P&C company that likes the accident and health space.
- Monitor Life has been part of AmFirst.
- Crum & Forster says it will be using Monitor Life to add new products soon.
Crum & Forster Accident & Health has bought a small, New York state-based life insurer that it can use to introduce new products.
The Eatontown, New Jersey-based specialty insurance business said Tuesday that it has received regulatory approval to acquire Monitor Life Insurance Co. of New York from AmFirst Insurance Co.
Crum & Forster, AmFirst and Monitor Life
Crum & Forster is part of Fairfax Financial Holdings Ltd., a Toronto-based insurance, reinsurance and investment services company.
AmFirst is a Ridgeland, Mississippi-based company best known for selling dental insurance and supplemental health insurance products.
Monitor Life has its headquarters in Utica, New York. The company began operation in 1972, as an issuer of group term life insurance and individual life insurance products.
AmFirst acquired Monitor Life in 2011.