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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 Ameritas Life Insurance Corp. and Its Subsidiary April 16, 2021 GMT OLDWICK, N.J. (BUSINESS WIRE) Apr 16, 2021 AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life Insurance Corp. of New York (New York, NY). These insurance entities comprise the life/health operations of Ameritas Mutual Holding Company (all companies are collectively referred to as Ameritas). Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a-” on the group’s surplus notes (see below for details of the Long-Term IR). The outlook of these Credit Ratings (ratings) is stable. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Places Credit Ratings of MII Life Insurance, Incorporated Under Review With Negative Implications April 14, 2021 GMT OLDWICK, N.J. (BUSINESS WIRE) Apr 14, 2021 AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of MII Life Insurance, Incorporated (MII Life) (Eagan, MN). This Credit Rating (ratings) action follows the recent announcement that HealthEquity, Inc. [NASDAQ: HQY] has entered into an agreement to acquire MII Life for $500 million. The transaction is expected to close in the third quarter of 2021, subject to regulatory and other closing conditions. AM Best will continue to hold discussions with MII Life’s management and monitor it balance sheet strength, operating performance, business profile and enterprise risk management. In addition, MII Life ....
Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Withdraws Credit Ratings of Nations Insurance Company March 16, 2021 GMT OLDWICK, N.J. (BUSINESS WIRE) Mar 16, 2021 AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” of Nations Insurance Company (NIC) (Cerritos, CA). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn the ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect NIC’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and marginal enterprise risk management. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Revises Outlooks to Stable for Argo Group International Holdings, Ltd. and Its Subsidiaries; Affirms Credit Ratings March 12, 2021 GMT OLDWICK, N.J. (BUSINESS WIRE) Mar 12, 2021 AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Argo Re Ltd. (Argo Re) (Pembroke, Bermuda) and its subsidiaries. AM Best also has revised the outlooks to stable from negative and affirmed the Long-Term ICR of “bbb-” and the Long-Term Issue Credit Ratings (Long-Term IR) of the parent, Argo Group International Holdings, Ltd. (Argo Group) (Pembroke, Bermuda) [NYSE: ARGO]. Additionally, AM Best has revised the outlooks to stable from negative and affirmed the Long-Term ICR of “bbb-” and the Long-Term IR of Argo Group US, Inc. (Argo US) (head ....