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Announced

Completed

Tokio Marine-backed Reliance Standard completed the acquisition of Standard Security from IHC for $180m.

Financials

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Transaction Value£129m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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insurance company

United States

Domestic

Majority

insurance brokerage

life insurances

Life Insurance

Friendly

Acquisition

Single Bidder

Private

Completed

Synopsis

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Tokio Marine-backed Reliance Standard Life Insurance, an insurance services provider, completed the acquisition of Standard Security Life Insurance, a life insurance brokerage firm, from Independence Holding, an insurance brokerage firm, for $180m. “In an era of unprecedented growth and dynamism in the statutory disability and paid leave space, we are fully committed to expanding our service to employers in New York and beyond," Chris Fazzini, Reliance Standard President and CEO.

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