Employers of all sizes can rely on Reliance Standard for insurance and other benefits products. Reliance Standard Life Insurance, a subsidiary of Delphi Financial Group, provides group life, disability, and accident insurance policies that are incorporated into employee benefits packages, primarily for small to midsized corporations. Reliance Standard Life Insurance also underwrites dental, vision, and limited medical plans, and it offers annuities targeting individuals planning for retirement. Independent agents and brokers sell the company's products throughout the US. Global insurer Tokio Marine Holdings acquired Delphi Financial Group and its subsidiary companies in 2012.
Reliance Standard is licensed in all states except New York, where it operates through its First Reliance Standard Life Insurance subsidiary; it also serves customers in Puerto Rico, the Virgin Islands, and Washington, DC.
In addition to its insurance offerings, the company provides support services including employee assistance programs, counseling, and travel and theft recovery assistance. Its RSL LeaveManager system is a web-based administrative tool allowing clients to monitor employee absences. These supplementary offerings are often packaged with employee benefit plans to meet the needs of larger employer groups.
Reliance Standard was founded as Central Standard Life in 1907. The company was acquired by Delphi Financial Group in 1987. In May 2012 parent Delphi Financial Group completed a merger agreement in which global insurer Tokio Marine Holdings bought Delphi and its subsidiary companies, including Safety National Casualty, Reliance Standard Life Insurance, and Matrix Absence Management. The transaction, valued at $2.7 billion, provides support, security, a strong capital base, and access to more products and services for Delphi and its subsidiaries. – less