[ Bernard J. Kilkelly, Delphi Financial Group ]
Wilmington, Delaware, April 11, 2006 -- Delphi Financial Group, Inc. (NYSE: DFG) announced today that its subsidiary, Reliance Standard Life Insurance Company (RSL), has purchased substantially all of the assets of Integrated DisAbility Resources, Inc. (IDR), a full-service group disability risk and claims management company based in Portland, Maine. These assets have been contributed to a newly-established division of RSL called Custom Disability Solutions (CDS). CDS, which is headquartered in Portland, will lead RSL’s expansion in the turnkey group disability reinsurance market. CDS will continue to serve the existing turnkey disability clients in the strategic alliance that RSL formed at the end of 2004 with a group of health insurers. Terms of the asset purchase were not disclosed.
Robert Rosenkranz, Chairman and Chief Executive Officer of Delphi Financial, said, “We are pleased with the opportunity this strategic acquisition provides to expand RSL’s alternative distribution to the attractive small case group disability market...