Lumos Insurance Expands Credit Insurance Platform via Acquisition of Mountain Life and Kentucky Home Life Portfolios
Lumos Insurance, through its life and health carrier Plateau Insurance Company, has successfully assumed the credit life and credit disability insurance business from Mountain Life Insurance Company and Kentucky Home Life Insurance Company. This strategic move adds approximately 200 bank and finance company relationships across six states to Lumos's existing platform. The transaction is a direct result of Lumos's recent investments in modernizing its systems and controls to facilitate scaling its credit insurance line. While the business transition involves moving lenders directly to the Lumos platform, current policyholders will experience no changes to their existing coverage levels.
Topics: Business Expansion Credit Insurance Insurance M&A
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Part of the story Lumos Insurance Expands Credit Insurance Platform via Acquisition of Mountain Life and Kentucky Home Life Portfolios (2 articles)