A.M. Best Places Rating of Mayflower National Life Under Review With Positive Implications.OLDWICK, N.J. -- A.M. Best Co. has placed the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of B (Fair) of Mayflower Mayflower, ship Mayflower, ship that in 1620 brought the Pilgrims from England to New England. She set out from Southampton in company with the Speedwell, National Life Insurance Company (Mayflower National) (New Orleans, LA) under review with positive implications following Assurant Inc.'s (Assurant) (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) announcement that it has entered into a definitive agreement to acquire all the outstanding stock of Mayflower National from Service Corporation International (SCI (Scalable Coherent Interface) An IEEE standard for a high-speed bus that uses wire or fiber-optic cable. It can transfer data up to 1GBytes/sec. (hardware) SCI - 1. Scalable Coherent Interface. 2. UART. ) (NYSE NYSE See: New York Stock Exchange : SCI). SCI acquired Mayflower National on November 28, 2006 as part of its acquisition of Alderwoods Group, Inc. Under the terms of the agreement, SCI will receive $65 million in cash from Assurant. This acquisition is expected to add approximately $51.9 million in annual net premiums written to Assurant. The FSR of Mayflower National will remain under review pending regulatory approval, and the close of this transaction, which is expected in early 2007. Assurant's ratings are unchanged by this proposed transaction. For Best's Ratings, 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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