South Carolina Orders Insurer, Captive Reinsurer To Stop Writing New Business

( January 16, 2025, 10:31 AM EST) -- COLUMBIA, S.C. — Documents that South Carolina regulators have made publicly available show that Atlantic Coast Life Insurance Co. (ACL) and ACL’s captive reinsurer Southern Atlantic Re Inc. (SAR) were confidentially put into administrative supervision in April 2024 and then ordered to stop writing new business by the end of 2024....