A-CAP Counters Desperate Attempt by Utah Insurance Department to Distance Itself from its Faulty Allegations
A-CAP Group (“A-CAP” or “The Company”), a New York-based insurance and financial services company with over $12 billion in assets, today announced that it has filed a motion to stay the Utah Department of Insurance’s (“Department”) March 21st, 2025, Verified Petition that attempts to subvert the Court’s February 14th Order.
A-CAP Secures Second Significant Legal Outcome in Recent Weeks
A-CAP Group (“A-CAP” or “The Company”), a New York-based insurance and financial services company with over $12 billion in assets, today announced that on February 14, 2025 the Utah Insurance Department agreed to stay the December 2nd Emergency Order regarding Sentinel Security Life Insurance Company (Sentinel), Haymarket Insurance Company (Haymarket), and Jazz Reinsurance Company (Jazz). Based on Department’s agreement, Administrative Law Judge Donald H. Hansen moved the continued trial date until May 12, 2025.
Atlantic Coast Life Insurance Company and Southern Atlantic Re Vindicated in South Carolina Administrative Law Court Order
A-CAP Group, a New York-based insurance and financial services company with over $9 billion in assets under management and $302 million in capital, today announced that the South Carolina Administrative Law Court has ruled in favor of Atlantic Coast Life Insurance Company (ACL) and Southern Atlantic Re, Inc. (SAR) in their challenge to a December 11, 2024 order from the South Carolina Department of Insurance (DOI). Chief Administrative Law Judge Ralph King Anderson, III issued a comprehensive ruling finding that the DOI's order was "unsupported by the evidence in the record" and permanently enjoined its enforcement.
