Utah regulators withdraw rehabilitation petition against A-Cap insurers
May 30, 2025 by John Hilton
Utah regulators dropped a petition to force Sentinel Security Life Insurance Co. and a pair of reinsurers into court-ordered rehabilitation.
In late April, the Utah Insurance Department agreed to pause its litigation and participate in mediation with Advantage Capital, known as A-Cap. Sentinel Security, Haymarket Insurance Co., and Jazz Reinsurance Co. are all owned by A-Cap.
Wink’s Moore on the Market: A decision has been made in the case of Sentinel Security Life.
There is still no word on whether state regulators plan further action with Atlantic Coast Life, however.
This piece has more details than any other article I have read on the matter. Thanks, John Hilton at InsuranceNewsNet. -sjm