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AM Best Comments on Massachusetts Mutual Life Insurance Company's Acquisition of American Financial Group Inc.'s Life Insurance Subsidiaries

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Comments on Massachusetts Mutual Life Insurance Company’s Acquisition of American Financial Group Inc.’s Life Insurance Subsidiaries
January 27, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Jan 27, 2021
AM Best has commented that the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” of Massachusetts Mutual Life Insurance Company (MassMutual) (Springfield, MA) remain unchanged following its announcement that it plans to purchase the life insurance subsidiaries of American Financial Group, Inc. (AFG). In addition, the FSR of A++ (Superior) and the Long-Term ICRs of “aa+” of MassMutual’s operating insurance subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company (both domiciled in Enfield, CT), also are unchanged following the announcement. The Long-Term Issue Credit Ra ....

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AM Best Upgrades Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries

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AM Best Upgrades Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper Corp.) [NYSE: KMPR]
, collectively referred to as Kemper Property & Casualty Group (Kemper P&C). AM Best also has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICRs to “a” from “a-” of Kemper Corp.’s life/health subsidiaries, collectively referred to as Kemper Life & Health Group (Kemper L&H) (Chicago, IL). Concurrently, AM Best has upgraded the Long-Term ICR and the Long-Term Issue Credit Ratings (Long-Term IR) to “bbb” from “bbb-” and upgraded the indicative Long-Term IRs of Kemper Corp., the ultimate parent,headquartered in C ....

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AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries
January 13, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Jan 13, 2021
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Equitable Financial Life Insurance Company of America (EFLICOA) (Phoenix, AZ) and Equitable Financial Life Insurance Company (EFLIC) (New York, NY). EFLICOA and EFLIC collectively are referred to as Equitable Life Group. The outlook of these Credit Ratings (ratings) is stable. ....

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AM Best Affirms Credit Ratings of Hannover Rck SE and Its Main Subsidiaries

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AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of Hannover Rück SE (Hannover Re) (Germany) and its main subsidiaries (see detailed list of companies below). At the same time, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of the debt instruments issued by Hannover Re and by Hannover Finance (Luxembourg) S.A. (Luxembourg) and guaranteed by Hannover Re. The outlook of these Credit Ratings (ratings) is stable.
These ratings reflect Hannover Re’s balance sheet strength, which AM Best categorises as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management (ERM). ....

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AM Best Affirms Credit Ratings of Hannover Rück SE and Its Main Subsidiaries

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Hannover Rück SE and Its Main Subsidiaries
December 23, 2020 GMT
AMSTERDAM (BUSINESS WIRE) Dec 23, 2020
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of Hannover Rück SE (Hannover Re) (Germany) and its main subsidiaries (see detailed list of companies below). At the same time, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of the debt instruments issued by Hannover Re and by Hannover Finance (Luxembourg) S.A. (Luxembourg) and guaranteed by Hannover Re. The outlook of these Credit Ratings (ratings) is stable. ....

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