Continental General Insurance Acquires Policy Blocks for Growth
Continental General Insurance's Strategic Acquisition of Policy Blocks
AUSTIN, Texas, February 12, 2026 – Continental General Insurance Company, together with its affiliates, has completed the strategic acquisition of two significant insurance policy blocks from state life and health insurance guaranty associations. This pivotal transaction, executed through the National Organization of Life & Health Insurance Guaranty Associations (NOLHGA), marks the company's first collaboration with NOLHGA on behalf of the Guaranty Associations and is a key part of a broader acquisition strategy.
The acquired policy blocks comprise approximately 91,000 final expense policies, traditional life insurance policies, annuities, and accident and health insurance policies. Originally underwritten by Bankers Life Insurance Company (BLIC) and Colorado Bankers Life Insurance Company (CBLIC), these policies were placed under the Guaranty Associations’ management following a 2024 court-mandated liquidation. As of January 1, 2026, Continental General has officially assumed all coverage responsibilities, including associated liabilities and assets, enhancing regulatory compliance requirements.
This transaction aims to improve policyholder services by capitalizing on Continental General's expertise in financial risk management. With over sixty years in the industry, the company is poised to offer efficient and stable policy administration to its newest clientele. This approach not only assures compliance with regulatory standards but also strengthens Continental's market position as a leading insurance carrier.
Leadership Perspectives on Strategic Growth
Michael Gorzynski, Executive Chairman of Continental General, stated, "We are delighted to welcome BLIC and CBLIC policyholders to Continental General. Our collaboration with the NOLHGA team has been outstanding, and we are well-positioned to ensure seamless transitions to superior ongoing policy administration. Our focus is to provide policyholders and their families with a secure, long-term insurance home."
President and CEO David Ramsey emphasized that this acquisition aligns with Continental’s strategic growth objectives. "Our seasoned experience in managing and administering insurance blocks empowers us to give our new customers the security and reliability they deserve," he said. This move not only diversifies their insurance portfolio but enhances their commitment to regulatory excellence and customer satisfaction.
About Continental General Insurance
Founded in 1961, Continental General is dedicated to providing trustworthy insurance services from its Austin, Texas headquarters. The company prides itself on operational excellence and committed service through its extensive network of companies and strategic alliances. Continental General Services, LLC, offers TPA services, and operates under various names in California and New York, remaining a licensed insurance carrier across 49 states, the District of Columbia, and the U.S. Virgin Islands.
For more details, visit www.cgic.com. This information is sourced from a press release on businesswire.com. For inquiries, reach Longacre Square Partners through Kate Sylvester at ContinentalGeneral@longacresquare.com.