Get all the best news and insights in payments everyday in your inbox.
/news
- Dillard’s, Inc. Holds Annual Meeting of Shareholders
- Actis Wunderman’s Anya Sverdlov to Head Internet Jury at IDEA! Festival in Russia
- US Foods Announces Plans to Seek to Refinance Existing Term Loans
- Fifth Third Bancorp to Present at the 2013 Barclays Capital Americas Select Franchise Conference
- Ernst & Young Names Borderfree CEO and President Michael Desimone as Finalist for Entrepreneur of the Year® 2013 in New York
A.M. Best Withdraws Ratings of Reassure America Life Insurance Company Due to Legal Merger
A.M. Best Co. has withdrawn the financial strength rating (FSR) of A+ (Superior) and the issuer credit rating (ICR) of “aa-“ of Reassure America Life Insurance Company (REALIC) (Fort Wayne, IN) following its legal merger into its parent, Jackson National Life Insurance Company (Jackson) (Lansing, MI).
This transaction closed on December 31, 2012, and at that time, all assets and liabilities of REALIC were merged into Jackson. Jackson currently has an FSR of A+ (Superior) and an ICR of “aa-” with a stable outlook.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
Friday, May 17, 2013
Feature Story
Today's Top Stories
Web service by Webbuilders Group