Current Report Filing (8-k)
October 01 2015 - 4:34PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported):
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October 1, 2015
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Assurant, Inc.
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(Exact name of registrant as specified in its charter)
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Delaware
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001-31978
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39-1126612
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(State or other jurisdiction
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_____________
(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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28 Liberty Street, 41st Floor, New York, New York
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10005
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
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212-859-7000
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Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On October 1, 2015, Assurant, Inc. (the "Company") issued a news release announcing the closing of the sale of the supplemental and small-group self-funded business lines, a proprietary small group sales channel and certain assets of the Company's health insurance business to National General Holdings Corp., effective immediately. A copy of the Company's October 1, 2015 news release announcing the closing is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 News Release, dated October 1, 2015
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Assurant, Inc.
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October 1, 2015
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By:
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/s/ Stephen W. Gauster
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Name: Stephen W. Gauster
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Title: Senior Vice President, Chief Corporate Counsel and Assistant Secretary
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Exhibit Index
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Exhibit No.
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Description
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99.1
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News Release, dated October 1, 2015
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Assurant Completes Sale of Supplemental and Small Group Self-Funded Health Insurance Business
Lines to National General Holdings Corp.
Company Continues to Strengthen Focus on Housing and Lifestyle Protection Offerings
NEW YORK, Oct. 1, 2015Assurant, Inc. (NYSE: AIZ) today announces the closing of the sale of
certain business lines and assets from its health insurance business to National General Holdings
Corp., effective immediately. The transaction supports Assurants strategic plans to exit the
health insurance market and sharpen its focus on niche housing and lifestyle protection offerings.
Todays agreement marks another important milestone for Assurant as we continue to realign our
business to drive sustainable, profitable growth, said Assurant President and CEO Alan B. Colberg.
We will work with National General Holdings Corp. to ensure a seamless transition for our
employees, policyholders and brokers.
Under the terms of the agreement, National General Holdings Corp. (NASDAQ:NGHC) acquired Assurant
Healths supplemental and small group self-funded product lines, a proprietary small group sales
channel and certain assets for $14 million in cash.
Current policyholder benefits remain unchanged. To support the business, National General Holdings
Corp. has hired approximately 165 employees from Assurant Health.
Forward-Looking Statement
Some of the statements included in this news release, particularly those regarding our intent,
belief or expectations, including, but not limited to, statements relating to the Companys
execution of its strategic plans to exit the health insurance market, constitute forward-looking
statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Actual
results may differ materially from those projected in the forward-looking statements. The Company
undertakes no obligation to update any forward-looking statements in this news release as a result
of new information or future events or developments. For a detailed discussion of the risk factors
that could affect our actual results, please refer to the risk factors identified in our SEC
reports, including, but not limited to our 2014 Annual Report on Form 10-K and 2015 First and
Second Quarter Forms 10-Q, as filed with the SEC.
About Assurant
A global provider of specialty protection products and related services, Assurant (NYSE: AIZ)
safeguards clients and consumers against risk. A Fortune 500 company, Assurant partners with
clients who are leaders in their industries to provide consumers peace of mind and financial
security. Our diverse range of products and services includes: mobile device protection products
and services; extended service products and related services for consumer electronics, appliances
and vehicles; pre-funded funeral insurance; lender-placed homeowners insurance; property
preservation and valuation services; flood insurance; renters insurance and related products; debt
protection administration; credit insurance; manufactured housing homeowners insurance; group
dental insurance; group disability insurance; and group life insurance.
With approximately $30 billion in assets and $8 billion in annual revenue, Assurant provides its
specialty protection offerings primarily through Assurant Solutions, Assurant Specialty Property,
and Assurant Employee Benefits. Through the Assurant Foundation, established more than 30 years
ago, the company and its employees are dedicated to supporting and partnering with organizations
that improve communities. www.assurant.com and follow us on Twitter @AssurantNews.
Media Contact:
Vera Carley
Assistant Vice President, External Communication
Phone: 212.859.7002
vera.carley@assurant.com
Investor Relations Contact:
Jisoo Suh
Manager, Investor Relations
Phone: 212.859.5831
jisoo.suh@assurant.com
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