Service Insurance Holdings Acquires Oklahoma’s American Healthcare Indemnity

Service Insurance Holdings Inc. (SIHI), pahireof Texas-based workers’ repaymentinsurer, Service Lloyds Insurance Co., has acquired American Healthcare Indemnity Co. (AHIC), an Oklahoma-based insurer. the brand new entity shall be rebranded as Service Ameriam i able tondemnity Co.

the purchase is a step toward Service Insurance’s goal if expanding its business geographically. Service Ameriam i able tondemnity shall have the skillwrite workers’ repaymentinsurance in as much as 48 states, the corporate said. the brand new entity may also identify and that introduce new coursesin order to create significant possibilitiesfor expansionand profitability.

the corporate said the purchase will lead to a planned pooling and reinsurance agreement under SIHI, and can result within the addition of importantnew resources. The business will remain headquartered in Austin.

Service Lloyds is a Texas-owned and -operated carrier offering workers’ compensatidirectly to Texas employers since 1982, and that in other jurisdictions newerly via strategic partnerships.