Continental General Acquires Policies to Expand Insurance Portfolio
Continental General Insurance Company has successfully acquired two significant blocks of life, annuity, and health insurance policies from state life and health insurance guaranty associations. Organized by the National Organization of Life & Health Insurance Guaranty Associations (NOLHGA), this acquisition marks the first collaboration between Continental General and NOLHGA on behalf of the Guaranty Associations. This strategic move is part of a series of planned transactions aimed at expanding Continental General's portfolio.
Details of the Acquisition
The portfolios acquired include approximately 91,000 final expense, traditional life insurance policies, annuities, and accident and health policies. These policies, initially issued by Bankers Life Insurance Company (BLIC) and Colorado Bankers Life Insurance Company (CBLIC), were transferred to the Guaranty Associations following the 2024 liquidation of BLIC and CBLIC. Effective January 1, 2026, Continental General assumes the obligations, assets, and liabilities associated with these policies, reinforcing its commitment to meeting regulatory compliance requirements.
Enhancing Policyholder Services
Through this acquisition, Continental General seeks to leverage its expertise in financial risk management and improve policy administration, policyholder services, and claims management. With over 60 years of industry experience, the company is poised to provide stable and experienced support to its new policyholders, ensuring a smooth transition and reliable ongoing service.
Leadership Insights
Michael Gorzynski, Executive Chairman of Continental General, expressed confidence in the seamless integration of the BLIC and CBLIC policyholders, stating, “We are pleased to welcome the BLIC and CBLIC policyholders to Continental General. Our collaboration with the exceptional team at NOLHGA positions us well to deliver top-quality policy administration.”
David Ramsey, President and CEO, highlighted that this acquisition will significantly broaden the company's customer base and aligns with its strategic goals of diversifying risks and expanding product offerings. He reiterated the company’s commitment to security and reliability for its policyholders through excellent management and administration capabilities.
About Continental General
Founded in 1961 and headquartered in Austin, Texas, Continental General is a trusted insurer delivering exemplary service to policyholders and claimants. As a licensed insurance carrier operating in 49 states, the District of Columbia, and the U.S. Virgin Islands, Continental General offers a diverse range of life, accident, and health insurance solutions. It operates under its parent company, Continental Insurance Group, Ltd., through various subsidiaries.