Key Developments For American Independence Corp.
American Independence Corp. (AMIC.O) (Consolidated Issue listed on NASDAQ Global Market)
American Independence Corp. Announces Acquisition Of Assets Of Insurance Producers Group of America, Inc. and Operating Subsidiaries
American Independence Corp. announced that it has expanded its ability to sell individual and limited medical plans to the self employed, under insured and uninsured markets through the acquisition of the assets of Insurance Producers Group of America, Inc. and its operating subsidiaries. The Company owns a 51% interest in the company resulting from the acquisition, which has been renamed Independent Producers of America, LLC (IPA). Other terms were not available.
Independence Holding Company Announces Purchase Of Additional American Independence Corp. Shares
American Independence Corp. announced that Independence Holding Company has purchased 4,041,640 shares of the common stock of the Company. This brings Independence Holding Company's ownership of the Company to 3,546,685 shares or approximately 48% of the outstanding common stock.
Independence Holding Company Announces Purchase Of American Independence Corp. Shares
American Independence Corp. announced that Independence Holding Company has purchased 162,000 shares of the common stock of the Company for $2,081,700. This brings Independence Holding Company's ownership of the Company to 3,546,685 shares or approximately 42% of the outstanding common stock.
American Independence Corp. and Independence Holding Company Announce Acquisition of Managing General Underwriter
American Independence Corp. and Independence Holding Company announced the acquisition of a combined 75% interest in a medical stop-loss managing general underwriter, which has a block of approximately $41 million of annualized premium. The current senior management of the MGU will continue to own the remaining 25% interest.
Independence Holding Company Announces Purchase of Block of American Independence Corp. Shares
Independence Holding Company (IHC) that it has purchased 94,488 shares of the common stock of American Independence Corp. (AMIC) for $1,463,669. This brings IHC's ownership of AMIC to 3,374,555 shares, or approximately 40% of the outstanding common stock.
