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September 24, 2012

Companion Life Insurance Acquires ASG Risk Management

Columbia, S.C. – Companion Life Insurance Co. announced today that it has purchased ASG Risk Management Inc., a full-service managing general underwriter to third party administrators, brokers and consultants.

“We’re pleased that ASG has become a part of the strong and growing financial organization represented by the Companion Life Insurance Company franchise of products and services,” Companion Life President Trescott N. Hinton Jr. said. “This is another demonstration of Companion Life’s continued commitment to this product line as well as being a leading carrier in this market.”

Headquartered in Portland, Maine, ASG was established by Alan and Susan Graffam, and Peter Parent in 2003. The company provides stop loss insurance to employers nationwide and has continued to expand its portfolio over the last several years. During this time, ASG has established itself as a company of high integrity providing exceptional customer service. ASG will maintain its name and core management team while continuing to operate independently.

“We look forward to providing our clients with creative solutions to their health insurance needs and exceptional service as we support them,” Alan Graffam said. “Integrity is at the core of everything we do. It is a reflection of the personal values and ethical standards of everyone in our organization.”

About Companion Life

Headquartered in Columbia, S.C., Companion Life Insurance Co. has specialized in employee benefits since 1971. The company markets life, dental, disability, accident and specialty health insurance products through a network of independent agents and brokers, general agents and managing general underwriters. Companion Life markets its products and services in 46 states and the District of Columbia. The company holds an A+ (Superior) rating from A.M. Best Company.

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