Utah Insurance Department Pauses Litigation Against A-CAP

Department Agrees to Participate in Mediation

SALT LAKE CITY--(BUSINESS WIRE)--
Today A-CAP Group (“A-CAP” or “The Company”) released the following statement:

The Utah Insurance Department and three insurance companies it regulates, Sentinel Security Life Insurance Company, Haymarket Insurance Company, and Jazz Reinsurance Company have agreed to pause their pending litigation and participate in mediation.

About A-CAP

A-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. These businesses include primary insurance carriers, an SEC registered investment adviser, reinsurance vehicles, and marketing organizations. With broad knowledge across the insurance and investment sectors, A-CAP’s management team has diverse experience and provides comprehensive services to policyholders, insurance company clients and capital partners. Launched in 2013, A-CAP is a privately held company with offices located in New York, Charleston, Miami, and Salt Lake City. For more information, visit www.acap.com.

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Source: A-CAP Group