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AM Best Affirms Credit Ratings of Covéa Coopérations - Press Release
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AM Best Revises Issuer Credit Rating Outlook to Negative for National Fire and Casualty Company
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AM Best Places Credit Ratings of BNZ Life Insurance Limited Under Review With Negative Implications
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Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of UnitedHealth Group Incorporated and Most Subsidiaries; Upgrades Credit Ratings of Certain Subsidiaries
December 18, 2020 GMT
OLDWICK, N.J. (BUSINESS WIRE) Dec 18, 2020
AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” and the Long-Term Issue Credit Ratings (Long-Term IR) of UnitedHealth Group Incorporated (UnitedHealth Group) (Minnetonka, MN) [NYSE: UNH]. AM Best also has affirmed the Short-Term Issue Credit Rating (Short-Term IR) of UnitedHealth Group. Concurrently, AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” of the majority of the health and dental insurance subsidiaries of UnitedHealth Group, collectively referred to as UnitedHealthcare. The outlook of these Credit Ratings (ratings) is positive.
AM Best Places Credit Ratings of Partners Life Limited Under Review With Developing Implications SINGAPORE (Business Wire)
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Partners Life Limited (Partners Life) (New Zealand).
These Credit Rating (rating) actions follow the announcement on 16 December 2020, that Partners Life has entered into an agreement with National Australia Bank Limited to acquire its New Zealand life insurance business, including BNZ Life Insurance Limited. The transaction also includes the establishment of an exclusive 10-year agreement for the referral of Bank of New Zealand customers with life insurance needs to Partners Life. The total transaction consideration is NZD 290 million (USD 208 million). The transaction, which is subject to customary closing conditions, including regulatory and other approvals, is expected to be completed in the s