M&A Deal Summary

Reliance Standard Life Insurance Co Acquires Standard Security Life

On April 15, 2021, Reliance Standard Life Insurance Co acquired insurance company Standard Security Life from The IHC Group

Acquisition Highlights
  • This is Reliance Standard Life Insurance Co’s 2nd transaction in the Insurance sector.
  • This is Reliance Standard Life Insurance Co’s 2nd transaction in the United States.
  • This is Reliance Standard Life Insurance Co’s 1st transaction in New York.

M&A Deal Summary

Date 2021-04-15
Target Standard Security Life
Sector Insurance
Buyer(s) Reliance Standard Life Insurance Co
Sellers(s) The IHC Group
Deal Type Divestiture

Target

Standard Security Life

New York, New York, United States
Standard Security Life is a provider of New York DBL and statutory paid family leave (PFL) insurance. With $122 million in gross written premium in 2020. Standard Security Life was founded in 1957 and is based in New York City.

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Buyer(S) 1

Buyer

Reliance Standard Life Insurance Co

Philadelphia, Pennsylvania, United States

Category Company
Founded 1907
Sector Insurance
DESCRIPTION

Reliance Standard Life Insurance Company provides insurance products and services.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-11 Integrated DisAbility Resources

Bloomfield, Connecticut, United States

Provider of disability insurance services, including underwriting, claims management, reinsurance and policy administration.

Buy -

Seller(S) 1

SELLER

The IHC Group

Stamford, Connecticut, United States

Category Company
Founded 1980
Sector Insurance
Employees550
Revenue 444M USD (2020)
DESCRIPTION

The IHC Group is a provider of life and health insurance business products that sell products nationally through multiple channels, including digital, call center, and advisors, all of which utilize our CMS-approved Web Broker. The IHC Group was founded in 1980 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 2 of 3
Sector: Insurance M&A 2 of 3
Type: Divestiture M&A Deals 2 of 3
State: New York M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-15 MarTech

Edgartown, Massachusetts, United States

MarTech empowers digital marketing professionals by providing trusted content and educational services. MarTech is based in Edgartown, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Madison National Life Insurance

Madison, Wisconsin, United States

Madison National Life Insurance offers short- and long-term group disability, group life, and other products, with K-12 school districts representing 80% of 2020 premiums. Madison National Life Insurance was founded in 1961 and is based in Madison, Wisconsin.

Sell $173M