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AlphaStar agrees to sell Realm National Insurance for $8 m

AlphaStar Insurance Group, formerly Stirling Cooke, has reached an agreement to sell its subsidiary, Realm National Insurance Company, to an Atlanta-based company for $8 million.The proposed buyer is Flagship Holdings Inc., according to filings at the U. S. Bankruptcy Court for the Southern District of New York, where AlphaStar is in chapter 11 proceedings.