Assurant Employee Benefits to Reinsure Shenandoah Life Insurance Company's Group...

Assurant Employee Benefits to Reinsure Shenandoah Life Insurance Company's
Group Benefits Business

KANSAS CITY, Mo., Aug. 17 /PRNewswire/ -- Kansas City based Assurant Employee
Benefits, a national carrier of group life, disability and dental coverage,
today announces it will reinsure the majority of Shenandoah Life Insurance
Company's group insurance business, subject to approval by the State
Corporation Commission of the Commonwealth of Virginia.

"This agreement reflects our commitment to growing our business, and I hope it
instills confidence in Shenandoah Life brokers and policyholders that we are
backing their business," said John Roberts, president and CEO of Assurant
Employee Benefits. "As a part of Assurant, Inc., we offer the stability and
financial strength of a Fortune 500 company."

Reinsurance is often thought of as "insurance for insurance companies." This
agreement indemnifies Shenandoah Life Insurance Company for 100 percent of the
covered losses it sustains under its reinsured policies, and is net of any
other third party reinsurance agreements. Shenandoah Life Insurance Company
will continue to administer the group benefits business.

On February 12, 2009, the State Corporation Commission of the Commonwealth of
Virginia was appointed as the Receiver of Shenandoah Life Insurance Company.

About Assurant Employee Benefits

Assurant Employee Benefits specializes in quality employee benefits and
services, including long-term and short-term disability, life and accidental
death and dismemberment insurance, dental coverage, and disability reinsurance
management services. Assurant Employee Benefits also offers voluntary
(employee-paid) disability, life, and dental plans. Products and services
marketed by Assurant Employee Benefits are underwritten or provided by Union
Security Insurance Company or an affiliated prepaid dental company.

In New York, group insurance products and services are marketed by Assurant
Employee Benefits and underwritten by Union Security Life Insurance Company of
New York, which is licensed in New York and has its principal place of
business in Syracuse, New York. Plans contain limitations and exclusions.
Underwriting flexibility allows Assurant Employee Benefits to market
tailor-made benefit plans for groups of most any size. Assurant Employee
Benefits is located in Kansas City, Missouri.

Assurant Employee Benefits is part of Assurant, a premier provider of
specialized insurance products and related services in North America and
selected international markets. Its four key businesses -- Assurant Solutions;
Assurant Specialty Property; Assurant Health; and Assurant Employee Benefits
-- have partnered with clients who are leaders in their industries and have
built leadership positions in a number of specialty insurance market segments
worldwide.

Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the
New York Stock Exchange under the symbol AIZ. www.assurant.com.

SOURCE Assurant Employee Benefits

Angela Skinner, Manager, External Communications of Assurant Employee
Benefits, +1-816-474-2886, or +1-816-442-9588, angela.skinner@assurant.com