Rhea-AI Summary
Reliance Standard Life Insurance Company, part of the Tokio Marine Group, has acquired Standard Security Life Insurance Company of New York from Independence Holding Company (IHC). The acquisition, effective January 1, 2022, enhances Reliance Standard's position in the New York disability insurance market, making it the third largest provider of statutory disability benefits with a combined business of approximately $44.4 million. The acquisition was approved by the New York State Department of Financial Services and will allow for operational synergies moving forward.
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Rhea-AI Impact
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FAQ
What is the current stock price of TOKIO MARINE HLDGS (TKOMY)?
TOKIO MARINE HLDGS (TKOMY) last closed at $3.52.
What is the market cap of TOKIO MARINE HLDGS (TKOMY)?
The market cap of TOKIO MARINE HLDGS (TKOMY) is approximately $99.3B.