Reliance Standard News
01/03/2012
Dear Yozell Client, As a client with Reliance Standard Life Insurance plans we want to share some positive information with you regarding the merger agreement that was announced yesterday with Tokio Marine Holdings, Inc. and Delphi Financial Group, Reliance’s parent company. Tokio Marine will acquire Delphi Financial Group and its subsidiaries including Reliance Standard Life Insurance Company, Safety National Casualty Corporation, and Matrix Absence Management Inc. The attached letter and Q&A provides additional details about Tokio Marine and the strategic rationale for the transaction. We have been assured by the sales leadership at Reliance that there will be no changes to the current day to day operations. Tokio Marine is rated A++ by A.M. Best - which is the highest financial rating issued by this rating agency. The acquisition of Reliance Standard Life Insurance and Matrix Absence Management represent Tokio's entrance into the employee benefits marketplace in the United States. As more information becomes available, we will keep you informed. In the interim, please don't hesitate to contact us with any questions you may have or if we can be of further assistance. Sincerely, Marijane Read More (pdf format)
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