Continental General Insurance Acquires Significant Policy Blocks

Continental General Insurance Company has successfully completed the acquisition of two significant insurance policy blocks from state life and health insurance guaranty associations. Facilitated by the National Organization of Life & Health Insurance Guaranty Associations (NOLHGA), this transaction is the first of its kind between Continental General and NOLHGA, paving the way for a series of similar strategic acquisitions. This move underscores Continental General's commitment to expanding its footprint in the insurance industry through strategic partnerships and regulatory compliance.

The acquired policy portfolio, originally issued by Bankers Life Insurance Company and Colorado Bankers Life Insurance Company, includes approximately 91,000 final expense, traditional life, annuity, and accident and health policies. These policies came under the statutory responsibilities of the Guaranty Associations after the issuers' court-ordered liquidation in 2024. As of January 1, 2026, Continental General has assumed these obligations, including all related liabilities and assets, ensuring regulatory compliance and a seamless transition for policyholders.

Enhanced Claims and Risk Management

With the integration of these policies, Continental General will now oversee policy administration, policyholder services, and claims management. Backed by over 60 years of industry expertise, the company is equipped to handle these responsibilities while emphasizing strong financial risk management practices. Executive Chairman Michael Gorzynski expressed confidence in a smooth transition, welcoming the BLIC and CBLIC policyholders and affirming a commitment to outstanding service quality.

David Ramsey, President and CEO of Continental General, highlighted that the acquisition of this new policy block will help substantially grow their customer base and diversify their risk management and product portfolios. This move aligns with Continental General’s strategic objectives to enhance market presence and capitalize on growth opportunities within the insurance sector.