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A.M. Best Withdraws Ratings of American Investors Life Insurance Company, Inc. Due to Legal Entity Merger


  • Press Release
  • Source: A.M. Best Co.
  • On 11:46 am EDT, Monday October 26, 2009

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a+” of American Investors Life Insurance Company, Inc. (American Investors Life) (Topeka, KS), due to a legal entity merger. American Investors Life was a life/health subsidiary of Aviva USA Corporation (Des Moines, IA), which represents the U.S. operations of Aviva plc (United Kingdom) [NYSE: AV].

Effective September 30, 2009, American Investors Life was merged with and into Aviva Life and Annuity Company (Des Moines, IA). The FSRs and ICRs of the remaining life/health members of Aviva USA are unchanged.

For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

Contact:

A.M. Best Co.
Analysts
Darian Hala, 908-439-2200, ext. 5802
darian.hala@ambest.com
or
Thomas Rosendale, 908-439-2200, ext. 5201
thomas.rosendale@ambest.com
or
Public Relations
Jim Peavy, 908-439-2200, ext. 5644
james.peavy@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5378
rachelle.morrow@ambest.com

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