A-CAP’s Remaining Annuity Businesses Ordered to Cease Writing New Policies

December 26, 2024 by Jacob Adelman

Advantage Capital has been ordered by South Carolina regulators to cease any new business under the state’s control, effectively halting the $12 billion annuity and insurance group’s policy-writing operations as of the end of this year.

Atlantic Coast Life and South Atlantic Re—the Advantage Capital insurers that fall under South Carolina’s jurisdiction—were instructed to cease writing new business as of Dec. 31, according to documents made public Friday by the state’s insurance department.

Click HERE to read the full story via Barron’s

Originally Posted at Barron's on December 20, 2024 by Jacob Adelman.