Navigation Links
Assurant Employee Benefits to Reinsure Shenandoah Life Insurance Company's Group Benefits Business

KANSAS CITY, Mo., Aug. 17 /PRNewswire/ -- Kansas City based Assurant Employee Benefits, a national carrier of group life, disability and dental coverage, today announces it will reinsure the majority of Shenandoah Life Insurance Company's group insurance business, subject to approval by the State Corporation Commission of the Commonwealth of Virginia.

"This agreement reflects our commitment to growing our business, and I hope it instills confidence in Shenandoah Life brokers and policyholders that we are backing their business," said John Roberts, president and CEO of Assurant Employee Benefits. "As a part of Assurant, Inc., we offer the stability and financial strength of a Fortune 500 company."

Reinsurance is often thought of as "insurance for insurance companies." This agreement indemnifies Shenandoah Life Insurance Company for 100 percent of the covered losses it sustains under its reinsured policies, and is net of any other third party reinsurance agreements. Shenandoah Life Insurance Company will continue to administer the group benefits business.

On February 12, 2009, the State Corporation Commission of the Commonwealth of Virginia was appointed as the Receiver of Shenandoah Life Insurance Company.

About Assurant Employee Benefits

Assurant Employee Benefits specializes in quality employee benefits and services, including long-term and short-term disability, life and accidental death and dismemberment insurance, dental coverage, and disability reinsurance management services. Assurant Employee Benefits also offers voluntary (employee-paid) disability, life, and dental plans. Products and services marketed by Assurant Employee Benefits are underwritten or provided by Union Security Insurance Company or an affiliated prepaid dental company.

In New York, group insurance products and services are marketed by Assurant Employee Benefits and underwritten by Union Security Life Insurance Company of New York, which is licensed in New York and has its principal place of business in Syracuse, New York. Plans contain limitations and exclusions. Underwriting flexibility allows Assurant Employee Benefits to market tailor-made benefit plans for groups of most any size. Assurant Employee Benefits is located in Kansas City, Missouri.

Assurant Employee Benefits is part of Assurant, a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses -- Assurant Solutions; Assurant Specialty Property; Assurant Health; and Assurant Employee Benefits

-- have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments worldwide.

Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ.

SOURCE Assurant Employee Benefits
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Assurant Employee Benefits Expands Dental Network
2. Assurant to Announce 2009 Second Quarter Results July 29, 2009 and Host Webcast Conference Call July 30
3. Assurant Employee Benefits Adds New Voluntary Capabilities
4. Assurant Health Helps People Keep Their Insurance
5. Assurant Comments on A.M. Best Ratings Statement; Ratings Continue to Reflect Assurants Solid Financial Position
6. Assurant Announces Two Executive Appointments
7. Assurant Health Names Jennifer Kopps-Wagner Senior Vice President and General Counsel
8. MedAssurants Dr. Keith Dunleavy to Present at AHIPs Institute 2008
9. Assurant President and Chief Executive Officer Robert B. Pollock to Present at Merrill Lynch Insurance Investor Conference on February 12
10. Assurant Board of Directors Declares Quarterly Dividend of $0.12 per Share
11. Assurant Health Gains Access to Great-West Healthcares Nationwide Network
Post Your Comments:
(Date:10/13/2015)... CA (PRWEB) , ... October 13, 2015 , ... ... and workflow solutions, announced today their sponsorship of the Microsoft Dynamics AXUG, GPUG ... Nevada. AXUG Summit, GPUG Summit and NAVUG Summit are independent user conferences designed ...
(Date:10/13/2015)... (PRWEB) , ... October 13, 2015 , ... In an ... utility costs were 36 percent lower per square foot than in 2009. The Williamsport ... cost of heating and cooling has decreased by eight percent. , According to ...
(Date:10/13/2015)... ... October 13, 2015 , ... e-con Systems Inc., a ... announced See3CAM_CU40, the industry’s first RGB-IR pixel format camera with a USB ... member of e-con’s See3CAM family of UVC USB 3.0 cameras, is based on the ...
(Date:10/13/2015)... ... October 13, 2015 , ... ... Anik Singal's newly launched "Publish Academy" training course . Singal's new program, ... for enrollment today, and marketers around the Internet are weighing in with reviews. ...
(Date:10/13/2015)... ... October 13, 2015 , ... ... that targets the unique health needs of new moms. Postnatal Omega-3, which ... ( ), utilizes Nordic Naturals’ exclusive, new, ultra-concentrated omega-3 oil. This ...
Breaking Medicine News(10 mins):
(Date:10/13/2015)... , Oct. 13, 2015  XiMo AG ( ... Aspira Scientific, Inc. ( Milpitas, California ) ... for metathesis chemistry. The importance of metathesis chemistry was ... the pioneers of this application. This industrially-relevant application has ... such as pharmaceuticals, specialty chemicals, and polymers. ...
(Date:10/12/2015)... , October 13, 2015 the United ... operating in a non-clinical capacity. --> the United ... operating in a non-clinical capacity. --> The University of ... installation of the first high field (1.5 Tesla) MRI-guided linear accelerator ... year, the system will be operating in a non-clinical capacity. ...
(Date:10/12/2015)... , Oct. 12, 2015 ... components such as platelets, RBC, plasma, and other components from ... or a patient is passed through an apheresis machine or ... to separate the required component from other blood components. A ... elements are returned to the donor or the patient. It ...
Breaking Medicine Technology: