Renaissance and Security Mutual Expand Insurance Product Lines Through Joint Agreement

By a News Reporter-Staff News Editor at Pharma Business Week -- Security Mutual Life Insurance Company of New York, Binghamton, N.Y. (Security Mutual), Renaissance Life & Health Insurance Company of America, Indianapolis, Ind., and its sister company, Renaissance Life & Health Insurance Company of New York, New York, N.Y. (Renaissance), announced the completion of a transaction for Renaissance to acquire Security Mutual's group life, disability and accident insurance division (see also Renaissance Life & Health Insurance Company of America).

"This transaction demonstrates our strategic commitment to broaden and enhance our insurance product offerings and position our company as a multi-line ancillary insurance leader," says Robert P. Mulligan, President and Chief Executive Officer of Renaissance, and graduate of Binghamton University. "We believe the addition of Security Mutual's group operation will create a seamless buying and service experience for our key customer segments, which include brokers and the employers and employees they trust us to insure."

Keywords for this news article include: Health and Medicine, Marketing and Licensing Agreements, Renaissance Life & Health Insurance Company of America.

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