Insurance Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The Company’s target business is not limited to a particular industry, and intends to focus on businesses providing insurance related services, with particular emphasis on regulated insurance or reinsurance companies. The Company was not engaged in any business operations and has not generated any revenue.