UICI has engaged Lehman Brothers and Banc of America Securities to explore strategic alternatives for its American Management Services (AMS) sub, including a sale of the unit. Dallas-based UICI is a $370 million market cap financial services firm that offers health and life insurance through its subsidiaries; UGA-Association Field Services and Cornerstone Marketing of America. Through AMS, UICI provides federally guaranteed student loans for undergraduate and graduate loans.
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