Cabot Underwriters, LLC (“Cabot”); a Florida based Accident and Health Insurance Managing General Underwriter, completed its acquisition of a medical stop-loss business.
The acquisition is part of Cabot’s strategy capitalizing on the market demand for accident and non-major medical health insurance products from the rapidly emerging market of uninsured or underinsured employees and the demand for self-insured alternatives created by the implementation of the Patient Protection and Affordable Care Act.
TAG Financial Institutions Group, LLC arranged the acquisition finance facility on behalf of Cabot. The Transaction and financing closed on December 30, 2014.
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