America's Benefit Specialist August/September 2023
seniors navigate the complexities of Medicare, the team at The Porter Group is dedicated to ensuring everyone receives the Medicare and retirement benefits they need. Finally, Alliance Insurance Services had joined Integrity. Alliance is based in El Paso, Texas, and led by Raul Parga, president and COO, and Ofelia Parga, vice president and CFO. Established in 2009, AIS specializes in providing field support and resources to help agents succeed, including in-person training, marketing, in-house broker support and turnkey office spaces at no cost. With hundreds of broker agents across the United States and physical offices locat ed throughout Texas, New Mexico and Nevada, AIS helps thousands of families annually with life, health and Medicare insurance products. CURATIVE ACQUIRES AMERICAN COUNTRY INSURANCE COMPANY Curative Insurance Company, provider of a “no-copay, no-deductible health plan,” has announced the recent acquisition of American Country Insurance Company by its parent, Curative Health Holdings Inc., as part of the plan to expand its insurance offering to more markets across the country. Curative will rename the entity to Curative Insurance Company of Illinois, fully integrating the acquisition. Curative will now have licenses to sell large-group health insurance in select additional states. Curative Insurance Company currently offers a fully insured PPO offering in select regions of Texas and a level-funded insurance offering across the state. The acquisition will allow Curative to expand into other states more quickly and effi ciently (pending additional regulatory approvals).
NASSAU FINANCIAL GROUP COMPLETES ACQUISITION OF DELAWARE LIFE INSURANCE COMPANY OF NEW YORK Nassau Financial Group L.P. recently announced that its sub sidiary, Nassau Life Insurance Company, has completed the acquisition of Delaware Life Insurance Company of New York from Delaware Life Insurance Company, a Group 1001 com pany. NNY and DLNY are New York-domiciled life insurance companies, and Nassau plans to merge DLNY into NNY. “It has been our pleasure to work with the team at Group 1001 and Delaware Life, enabling the sale of their non-stra tegic business line,” said Phil Gass, Chief Executive Officer of Nassau. “As Nassau’s fourth insurance acquisition, the closing of this transaction marks yet another milestone as we con tinue to expand our New York presence. We look forward to welcoming the DLNY policyholders to Nassau.” “We have worked closely with Nassau Financial Group to ensure a smooth transition for our policyholders,’’ said Dan Towriss, CEO and president of Group 1001, the parent compa ny of Delaware Life. “Our highest priority has been to ensure that this change is as seamless as possible.” DLNY is a provider of fixed annuities, variable annuities and life insurance products with approximately 16,000 policies in force and $1.6 billion in assets as of March 31, 2023. The company does not have employees, and its business was managed as part of Delaware Life. Sidley Austin LLP served as legal advisor to Nassau, and Willkie Farr & Gallagher LLP served as legal advisor to Delaware Life.
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