Continental General Holdings to acquire continental insurance business from HC2 for $90m.

Continental General Holdings, an entity controlled by Michael Gorzynski, agreed to acquire continental insurance business from HC2 Holdings, a public financial services company, for $90m. “This transaction can help HC2 achieve key strategic objectives pertaining to portfolio optimization and balance sheet strength, while enabling Continental to accelerate the execution of its strategy. Continental is focused on developing an industry-leading servicing platform, diversifying into new lines of business and further capitalizing on market consolidation. I look forward to continuing to help build a Continental that is a valued true partner to all policyholders and stakeholders,” Michael Gorzynski, Continental General Holdings Owner.