Navigation Links
Assurant Employee Benefits to Reinsure Shenandoah Life Insurance Company's Group Benefits Business
Date:8/17/2009

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. www.assurant.com.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... California (PRWEB) , ... June 27, 2016 , ... "FCPX ... fully customizable inside of Final Cut Pro X," said Christina Austin - CEO of ... unique style. Final Cut Pro X users can now reveal the media ...
(Date:6/26/2016)... , ... June 27, 2016 , ... Quality metrics are ... in many ways they remain in the eye of the beholder, according to experts ... publication of The American Journal of Managed Care. For the full issue, click ...
(Date:6/26/2016)... Clarkston, Michigan (PRWEB) , ... June 26, 2016 ... ... respect to fertility once they have been diagnosed with endometriosis. These women need ... but they also require a comprehensive approach that can help for preservation of ...
(Date:6/25/2016)... ... 2016 , ... First Choice Emergency Room , the largest network of ... Medical Director of its new Mesquite-Samuell Farm facility. , “We are pleased to ... said Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. ...
(Date:6/24/2016)... Angeles, CA (PRWEB) , ... June 24, 2016 , ... ... surgery procedures that most people are unfamiliar with. The article goes on to state ... procedures, but also many of these less common operations such as calf and cheek ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... June 27, 2016 Jazz Pharmaceuticals plc (Nasdaq: ... under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as ... Celator Pharmaceuticals, Inc. ("Celator"; Nasdaq: CPXX ) ... Daylight Time). As previously announced on May ... definitive merger agreement under which Jazz Pharmaceuticals has commenced ...
(Date:6/24/2016)... June 24, 2016  Consumers have taken a ... have placed more emphasis on patient outcomes. ... programs in the pharmaceutical industry have evolved beyond ... pharmaceutical companies are focusing on becoming more patient-oriented ... products and services that improve health. ...
(Date:6/24/2016)... June 24, 2016   Bay Area Lyme ... Dean Center for Tick Borne Illness , ... Rehabilitation, MIT Hacking Medicine, University of California, Berkeley, ... announced the five finalists of Lyme Innovation ... More than 100 scientists, clinicians, researchers, entrepreneurs, and ...
Breaking Medicine Technology: