PHOENIX, March 6, 2006 (PRIMEZONE) -- Christian Fidelity Life Insurance Company, a wholly-owned subsidiary of Oxford Life Insurance Company, owned by AMERCO (Nasdaq:UHAL), today announced its acquisition of Dallas General Life Insurance Company. Texas-based Dallas General provides Medicare supplement insurance for seniors throughout Texas.
"It is my pleasure to welcome our new Dallas General agents and policyholders to our Oxford Life family," stated Mark Haydukovich, President of Oxford Life. "This acquisition brings added value to our policyholders and reinforces our commitment to continue to offer exceptional customer service. Our operations team is working toward integrating services and administrative functions.
"This acquisition further enhances our excellent agent base and large book of Medicare supplement business in Texas," Haydukovich continued. "In addition, the acquisition provides significant operational synergies between our family of companies, in addition to expanded marketing opportunities that Dallas General agents bring to us."
About Oxford Life Insurance Company
Founded in 1965, Oxford Life Insurance Company specializes in providing life insurance, deferred annuities and Medicare supplement sold through independent marketing organizations and personal producing general agents. Christian Fidelity, a subsidiary of Oxford Life, is a high-quality Medicare supplement and final-expense life insurance company. Oxford Life's other wholly-owned subsidiary, North American Insurance Company, is a highly efficient underwriter and administrator of Medicare supplement insurance. A member of the Insurance Marketplace Standards Association (IMSA), the national organization dedicated to promoting high ethical standards in the life insurance marketplace, Oxford Life offers its agents and policyholders high-quality products and excellent customer service, while exemplifying the highest standards of ethics and professional integrity.
About AMERCO
AMERCO is the parent company of U-Haul International, Inc., North America's largest do-it-yourself moving and storage operator, Amerco Real Estate Company, Republic Western Insurance Company and Oxford Life Insurance Company. With a network of over 15,300 locations in all 50 United States and 10 Canadian provinces, U-Haul is celebrating its 60th year of serving customers. The company has the largest consumer truck rental fleet in the world, with over 93,000 trucks, 78,750 trailers and 36,100 towing devices. U-Haul has also been a leader in the storage industry since 1974, with more than 340,000 rooms, approximately 33 million square feet of storage space and more than 1,050 facilities throughout North America.