LTC Global Finalizes Deal for United Insurance

LTC Global Inc. has completed the acquisition of United Insurance Group Agency Inc. (UIG), a life and health insurance agency based in Milford, Michigan, from Penn Treaty American Corporation.

LTC Global also acquired UIG’s three subsidiaries. UIG executive Robert McClellan joined the LTC Global group of companies in connection with the acquisition and will serve as executive vice president of UIG. John Chitwood will serve as president of UIG.

With 15 offices located throughout the United States, UIG is a national distributor of Medicare Advantage insurance products in addition to offering other senior market insurance products.

UIG will remain headquartered in Milford, and LTC Global anticipates that there will be no involuntary work force reductions in connection with the acquisition.