AmFirst Insurance Company Acquires TPM Life Insurance Company of Lancaster, PA
FOR IMMEDIATE RELEASE: December 31, 2015
JACKSON, MISSISSIPPI: AmFirst Insurance Company, an Oklahoma domiciled insurance company with administrative offices located in Jackson, Mississippi has announced its acquisition of 100% of the common stock of TPM Life Insurance Company of Lancaster, PA.
TPM Life Insurance Company is the successor stock company resulting from the demutualization of Teachers Protective Mutual Life Insurance Company by order of the Pennsylvania Insurance Department effective December 30, 2015. Teachers Protective Mutual has been in business since 1912.
On December 29, 2015, Teachers Protective Mutual entered into to a 100% coinsurance agreement with Senior Health Insurance Company of Pennsylvania (SHIP) in which SHIP assumed 100% of Teachers’ long-term care business.
AmFirst, and its other affiliates, write various supplemental health and dental products in the employer and association group market in 31 states and the British Virgin Islands. The acquisition of TPM Life will provide three additional states in which these products can be filed and offered.
AmFirst President, David White says, “We are delighted that we will be able to expand our product line to brokers who have long requested availability of our products in other states.”
For more information about AmFirst Insurance Company, visit www.amfirstinsco.com or call Communications Director Andi Davis at 601-956-2028 Ext. 1253 or 601-941-9107.