Seaboard North American Holdings Inc

Centris Group Inc., the Costa Mesa insurance company, said it completed its acquisition of two companies from Canadian Seaboard North American Holdings Inc. for about $43 million in cash. The two Indianapolis-based Seaboard units--VASA North America Inc. and Seaboard Life Insurance Co.--will expand the Costa Mesa firm's "stop-loss" insurance coverage for companies facing huge medical claims from employees. The acquisitions also will increase Centris Group's life-insurance business.

Centris Group Inc., the Costa Mesa insurance company, said it completed its acquisition of two companies from Canadian Seaboard North American Holdings Inc. for about $43 million in cash. The two Indianapolis-based Seaboard units--VASA North America Inc. and Seaboard Life Insurance Co.--will expand the Costa Mesa firm's "stop-loss" insurance coverage for companies facing huge medical claims from employees. The acquisitions also will increase Centris Group's life-insurance business.

Centris Group Inc., moving to strengthen its position in the medical stop-loss insurance industry, said Friday it agreed to buy two companies from Seaboard North American Holdings Inc. The acquisition of VASA North America Inc. and Seaboard Life Insurance Co. should increase Centris' revenue from its medical insurance lines by 15% to 20%, the company said. Medical stop-loss insurance protects companies from unusually large medical claims filed by employees.

Centris Group Inc., moving to strengthen its position in the medical stop-loss insurance industry, said Friday it agreed to buy two companies from Seaboard North American Holdings Inc. The acquisition of VASA North America Inc. and Seaboard Life Insurance Co. should increase Centris' revenue from its medical insurance lines by 15% to 20%, the company said. Medical stop-loss insurance protects companies from unusually large medical claims filed by employees.