Waller Helms Advisors served as exclusive financial advisor to Reliance Standard in connection with this transaction
Reliance Standard Life Insurance Company (Reliance Standard), a member of the Tokio Marine Group, announced it has agreed to acquire Standard Security Life Insurance Company of New York (SSL), a subsidiary of Independence Holding Company (NYSE: IHC). The transaction will establish Reliance Standard as the third largest provider of New York Disability Benefit Law (DBL) insurance, with roughly 10% of the market.
This transaction will add scale and expertise to Reliance Standard within a rapidly growing and dynamic statutory disability and paid leave space, and allow operations to scale both within New York as well as new markets.
This successful transaction further demonstrates WHA’s expertise in assisting top-tier insurance companies execute on their growth and transaction objectives.