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2020 News Stories

HM Insurance Group Purchases Interest in AST Risk for Growth in the Level Funded Market

June 2, 2020

HM Insurance Group (HM) has made a strategic investment in AST Risk, a leading Managing General Underwriter (MGU) for small group level funding programs managed through third party administrators (TPAs). The transaction enables the expansion of HM’s national share of the small group market that is seeking self-funded solutions backed by stop loss insurance.

HM’s investment represents a one-third interest in AST Risk, which also is owned by Allied National, one of the nation’s oldest…

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