Des Moines-based American Enterprise Group announced Thursday it will acquire Medico Insurance Company by July 1, 2012 for an undisclosed amount. While the deal is pending the approval of Medico's policyholders and government regulators, it represents the latest investment (by carriers) in the senior market.
If approved, American Enterprise’s new business in the senior market will more than double, and total business in the senior market will increase by one-third.
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