Midwest Holding Inc. was incorporated in Nebraska on October 31, 2003 for the purpose of operating a financial services company. We redomesticated from the State of Nebraska to the State of Delaware on August 27, 2020. We are in the annuity insurance business and operate through our wholly owned subsidiaries, American Life& Security Corp., 1505 Capital LLC, and.
Under the terms of the agreement, a subsidiary of ORIX USA purchased approximately 70% of Seneca Incorporated Cell, LLC 2020-01, a Midwest consolidated reinsurance cell. SRC1 has reinsured premium from its sister insurance company and Midwest subsidiary, American Life& Security Corp. ORIX Advisers, LLC, another subsidiary of ORIX USA, will be the manager of the.