A.M. Best Affirms A+ Rating On Maritime Life Assurance.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Jan. 31, 2000 A.M. Best Co. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the A+ (Superior) rating of the Maritime Life The Maritime Life Assurance Company was a Canadian insurance company based in Halifax, Nova Scotia. It was founded in 1922 and in 2004 it became fully integrated with Manulife Financial, with the Maritime Life brand being retired. In 2004 it employed 2700 employees. Assurance Co., Halifax, Nova Scotia For other uses, see Halifax. Halifax, Nova Scotia may refer to any of the following:
The rating reflects Maritime Life's established independent agency distribution system, growth in group insurance and investment products, increased market position through the November 1999 acquisition of Aetna Life Insurance Company of Canada, consistently profitable insurance operations, high quality bond portfolio and favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. . Maritime Life's position in the individual life and group insurance markets has shown significant improvement with the acquisition of Aetna Life and at the same time an increased presence in Western Canada
Western Canada, commonly referred to as the West and Toronto. Furthermore, the company benefits from the acquisition through expense synergies and new products and services. In addition, competitive products and experienced marketing and administrative field-support personnel provide the infrastructure to develop and sustain established relationships with the company's independent agency distribution system. Maritime Life's consistent delivery of high-level service and customer satisfaction will be beneficial to its integration activities. Despite significant investment in technology, the company continues to experience a good earnings performance, which contributes to favorable risk-adjusted capitalization. Maritime Life also benefits from strong financial backing, investment, technological and managerial support of its ultimate parent, John Hancock Life Insurance Co. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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