A.M. Best Comments on UICI.OLDWICK, N.J. -- A.M. Best Co. has commented that the ratings of UICI's (North Richland Hills North Richland Hills, town (1990 pop. 45,895), Tarrant co., N Tex., a residential suburb of Fort Worth; inc. 1953. Corrugated boxes, food products, and textiles are manufactured. The town grew markedly in the late 20th cent. , TX) core subsidiaries, which include The MEGA Life and Health Insurance Company, The Chesapeake Life Insurance Company (both of Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm , OK) and Mid-West National Life Insurance Company of Tennessee (North Richland Hills, TX) remain unchanged by the completion of the acquisition of UICI by a consortium of private equity firms led by The Blackstone Group Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. The company is based in New York City, in River House on Park Avenue at Fifty-first Street, with offices in Atlanta, (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY). On March 10, 2006, A.M. Best affirmed the financial strength and issuer credit ratings of UICI's core subsidiaries with a negative outlook. These rating affirmations considered the completion of this transaction. 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. For current Best's Ratings, independent data and analysis on more than 1,100 individual life/health companies and A.M. Best groups, please visit www.ambest.com/lh. 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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