Reliance Standard Acquires Standard Security Life Insurance Company of New York
January 3, 2022
Reliance Standard Life Insurance Company, a member of the Tokio Marine Group, has completed its acquisition of Standard Security Life Insurance Company of New York (SSL) from Independence Holding Company. SSL, a leading provider of New York DBL and statutory paid family leave insurance with ~1 million covered employees across 60,000 employer groups and ~70 employees, will operate as a wholly owned subsidiary of Reliance Standard and expand Reliance Standard's New York market position.
- Buyers
- Reliance Standard Life Insurance Company
- Targets
- Standard Security Life Insurance Company of New York
- Sellers
- Independence Holding Company
- Industry
- Insurance
- Location
- New York, United States
- Transaction Type
- Buyout
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