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

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.