A-Cap Gets Relief on Regulatory Order Blocking Business in Utah

Advantage Capital Holdings LLC said the Utah Department of Insurance stayed a previous order that prohibited its insurance subsidiaries from writing new business, according to a Thursday statement.

• The order was previously issued on Dec. 2 against subsidiaries Sentinel Security Life Insurance Company, Haymarket Insurance Company and Jazz Reinsurance Company
• Sentinel is “open for business” and can write new premiums without restriction, A-Cap said in the statement
• A-Cap manages $12 billion in assets and owns multiple insurer units that support life insurance and other policies across the US
• The firm has been leading efforts to evaluate and sell assets to ...