ManhattanLife Assurance Company of America Acquires Humana’s Workplace Voluntary Benefits Business

Posted on 4/30/2018 by Web Admin in Humana Workplace Voluntary Benefits Acquisition

 

 

ManhattanLife Assurance Company of America (MAC) has signed a definitive agreement to acquire the Workplace Voluntary Benefits (WVB) and Financial Protection Plan (FPP) lines of business from Humana Inc. These lines of business are primarily held under Humana’s wholly-owned subsidiary Kanawha Insurance Company Inc. (KIC). As Humana previously announced, the Company has entered into an agreement to sell its wholly-owned subsidiary, KMG America Corporation (KMG), including KMG subsidiary KIC, to Continental General Insurance Company (CGIC).

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