South Carolina has barred Atlantic Coast Life Insurance Company and Southern Atlantic Re, Inc., both controlled by Advantage Capital Partners (A-Cap), from writing new business starting December 31, 2024.
This follows a similar order from Utah, where Sentinel Security Life Insurance Co. and two reinsurers were also prohibited from writing new business due to hazardous financial conditions. A-Cap disputes these claims, arguing that their valuations were validated by independent firms.
Author: John Hilton
Resilient Insurance LLC 