AM Best Places Credit Ratings of Independence Holding Company and Its Subsidiaries Under Review With Developing Implications streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Home / Top News / IHC Announces Agreement to Sell a Controlling Interest in Pet Division and the Stock of Independence American Insurance Company
IHC Announces Agreement to Sell a Controlling Interest in Pet Division and the Stock of Independence American Insurance Company
STAMFORD, Conn., May 17, 2021 (GLOBE NEWSWIRE) Independence Holding Company (NYSE: IHC) today reported its agreement to sell a controlling interest in its pet division and in the stock of Independence American Insurance Company (“Independence American”) to a subsidiary of Iguana Capital, Inc. (“Buyer”), an investment company specifically formed to facilitate this transaction. The transaction is structured as two agreements that are expected to close on different dates.