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September 25, 2012

Companion Life Acquires Medical Excess Underwriters

Columbia, S.C. – Companion Life Insurance Co. announced today that it has purchased Massachusetts-based Medical Excess Underwriters (MEDEX), a full-service managing general underwriter of stop loss coverage for employer health plans.

“We at Companion Life are pleased that MEDEX has become a part of the strong and growing financial organization represented by our franchise of products and services,” Companion Life President Trescott N. Hinton Jr. said. “Although under new ownership, MEDEX’s focus on value and service remains unchanged. The acquisition by Companion provides MEDEX an even stronger financial foundation for continued profitable growth.”

MEDEX (www.medexmgu.com), formerly an independent managing general underwriter, has worked with Companion Life since 2008. Its services include underwriting, premium administration, stop loss claim adjudication, policy issue and claim management services.

“Our goal is to develop long-lasting, mutually respectful relationships with the TPAs and Brokers with whom we work,” MEDEX’s Mike Holland said. “In doing so we can assure that the policyholder receives the most from their insurance products. We are dedicated to providing competitive quotes with offers that best meet the needs of the group. We are excited about this new relationship and look forward to the new partnership between Companion Life and MEDEX.”

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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