A.M. Best Affirms Ratings of Concord Heritage Life; Removes Ratings From Under Review.OLDWICK, N.J. -- 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 financial strength rating of B++ (Good) and issuer credit rating of "bbb+" of Concord Heritage Life Insurance Company, Inc. (Concord Heritage Life) (New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). ). The ratings have been removed from under review and assigned a stable outlook. These rating actions follow the decision by Liberty Bankers Life Insurance Company (Liberty Bankers Life) (Oklahoma) to withdraw its Form A filing related to its proposed acquisition of Concord Heritage Life. Concord Heritage Life is a member of the Allstate Financial segment of The Allstate Corporation (Allstate) [NYSE NYSE See: New York Stock Exchange :ALL] (Northbrook, IL). Although Concord Heritage Life is a member of Allstate, its ratings are based upon its stand-alone characteristics and are reflective of its status as a non-core subsidiary. The ratings of the other member companies of Allstate Financial remain unchanged. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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