ING Reinsurance and ReliaStar Reinsurance Group Combine to form a One-Stop, Smart Resource for Reinsurance and Consulting

Business Wire, Sept 6, 2000

Business Editors

DENVER--(BUSINESS WIRE)--Sept. 6, 2000

In order to be the single source for individual, group and financial reinsurance products, services and expertise, ING Reinsurance is joining with ReliaStar Reinsurance Group to form ING Re (USA). The integration of the two organizations coincides with the closing of ING Group's acquisition of ReliaStar Financial Corp on September 1, 2000.

"We are creating an organization that will serve our clients even better than ever with the combined expertise on the group and individual sides," said Jess A. Skriletz, General Manager and Chief Executive Officer of ING Re (USA). "We share ReliaStar's approach of building long-term, consultative partnerships with clients by offering customized, value-added solutions that enhance growth and profitability."

"With a strong emphasis on expertise and client service, our organizations share many values," said Theresa Wurst, Executive Vice President of ING Re (USA). "In planning this integration, both sides have heard resounding enthusiasm from clients seeking a singular source for all their reinsurance needs."

The combined entity now offers individual and group life, medical, managed care, special risk, workers' compensation and disability reinsurance products, services and expertise. ING Re (USA) offers clients access to both the Mortality Research Center - a state-of-the art mortality think tank - and the ROSE (Reinsurance Outcomes and Service Experts) Program - a center for health services consulting.

ING Re (USA) is part of the worldwide ING Re, with offices in Amsterdam, Bermuda, Copenhagen, Denver, Dublin, London, Mexico City, Minneapolis, The Hague and Tokyo.

ING Re is an agile, innovative, integrated risk-management company able to leverage the global expertise of ING Group (NYSE: ING), a world leader in integrated financial services. For more information, visit the web site at www.ing-re.com. With nearly 100,000 employees in more than 65 countries, ING Group is a global financial institution that is active in the fields of insurance, banking and asset management. ING seeks to provide a full range of integrated financial services to private, corporate and institutional clients through a variety of distribution channels, giving them the freedom to choose the option which best suits their individual needs.