Continental General Announces Launch as a Third-Party Administrator

AUSTIN, Texas--(BUSINESS WIRE)--
Continental General Insurance Company (together with its affiliates, “Continental General” or the “Company”), which serves approximately 100,000 policyholders across the life and accident and health insurance categories, today announced the strategic expansion of its platform with its launch as a third-party administrator (“TPA”).

As a dedicated TPA, Continental General is better positioned to offer efficient, administrative solutions and ongoing management of policies. The Company will offer operational and administrative support services ranging from claims auditing and claims processing to full policy administration.

Continental General’s expansion builds on its more than 60 years of experience in long-term care, life insurance, annuity and supplemental health insurance and underscores the Company’s continued commitment to pursuing additional diversified strategic growth opportunities.

“Continental General’s launch of a dedicated TPA Solutions offering comes as a natural evolution of our business that builds upon our track record of administering closed blocks of long-term care insurance. With the TPA market continuing to grow rapidly, we saw a valuable opportunity to leverage our knowledge and expertise to expand the level of operational and administrative support services we can offer directly to insurance companies,” said David Ramsey, President and CEO at Continental General. “Looking ahead, we are committed to creating value by delivering innovative solutions and continuing to build a best-in-class organization that prioritizes policyholders.”

Continental General has provided TPA solutions to a number of large long-term care insurance providers, including recently to Employers Reassurance Corporation, a Kansas-based life, accident and health insurance company.

About Continental General

Based in Austin, Texas, Continental General Insurance Company was incorporated as a life, accident & health insurance company in 1961. Our family of companies and strategic partners provide administrative services to over 100,000 policyholders. We are dedicated to upholding the commitments we have made to provide excellent service to all our policyholders and serve the needs of our claimants and their families during difficult times. Learn more about Continental General at www.cgic.com.

TPA Services provided by Continental General Services, LLC (in California doing business as Continental General Administrative Services).

Continental Insurance Group, Ltd. (“CIG") is the parent company of Continental General Management, LLC (“CGM”), Continental General Insurance Company (“CGIC”), and Continental General Services, LLC (“CGS”). CIG, CGM, CGIC, and CGS are all wholly owned subsidiaries of Continental General Holdings, LLC (“CGH”).

CGIC is a stock life, accident and health insurance company existing under the laws of the State of Texas and is a licensed insurance carrier in forty-nine states, the District of Columbia, and the U.S. Virgin Islands.

Continental General is an umbrella marketing name for CGM, CGIC, and CGS.

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Source: Continental General Insurance Company