Universal American (UAM) Declares $0.75 Special Dividend; 10.4% Yield

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Go back to Universal American (UAM) Declares $0.75 Special Dividend; 10.4% Yield

Nassau Reinsurance Group to Acquire Traditional Insurance Business from Universal American

October 8, 2015 5:25 PM EDT

Traditional Insurance business to become Nassaus reinsurance platform

Nassau to contribute $20 million in equity capital at closing

NEW YORK--(BUSINESS WIRE)-- Nassau Reinsurance Group (Nassau) today announced that it has entered into a definitive agreement to acquire Universal American Corp.s (NYSE: UAM) (Universal American) Traditional Insurance business (Traditional Insurance business). The transaction is expected to close in early 2016.

The Traditional Insurance business consists of a closed block of insurance products, including Medicare supplement, other senior health insurance, specialty health insurance and life insurance, including a... More