Important Announcement from IISI

 

We are pleased to announce that Intermediary Insurance Services, Inc (IISI) has been acquired by Companion Life Insurance Company.

 

Headquartered in Columbia, South Carolina, Companion Life Insurance Company, which holds an A+ (Superior) rating from A.M. Best Company, specializes in employee benefit programs and is a recognized leader in the employer stop loss market.  For more information, please refer to their website at www.companionlife.com .

 

This acquisition reinforces Companion Life’s long-term commitment to the employer stop loss market and represents a strong endorsement of IISI and its products and services. It also helps to ensure that IISI will remain a leading force in the market long into the future.

 

IISI will retain its name and continue to operate as an independent subsidiary with little or no change to our management and operational structure. Our rating manual and underwriting guidelines/philosophy relating to both new and renewal business will remain unchanged as will our procedures and guidelines relating to all areas of our day to day operations.  We will continue to be dedicated to our mission of providing the highest level of underwriting expertise and quality of service to our producers and our clients.

 

Effective January 1, 2010, IISI will be issuing new and renewal business with Companion Life in all states except CA, CT, HI, NJ, and NY.  For these states, IISI will continue to offer QBE Insurance Company and American National Life Insurance Company of Texas for new and renewal business until further notice.

 

Any January renewal quotes already released will be reissued reflecting Companion Life as the insurance carrier.  In all other respects, the terms offered will be consistent with our normal renewal guidelines and with the original effective date of the group with IISI.  Companion’s stop loss policy is similar to the group’s existing policy and a specimen policy is available upon request for your review.

 

We thank you for your support of IISI and the trust you have shown in us through the years.  We look forward to our continued relationship and the opportunity to serve you and your clients.

  Read press release.