A.M. Best Places Ratings of Fidelity and Guaranty Life Under Review.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--April 26, 2001 A.M. Best Co. has placed the A (Excellent) ratings of Fidelity and Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Life Insurance Company and its wholly-owned subsidiary, Thomas Jefferson Life Insurance Company, under review with developing implications. This action reflects today's announcement of the planned sale of the companies by the St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Insurance Group to London-based Old Mutual plc, an international 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. company. The purchase will facilitate Old Mutual Group's entry into the U.S. life insurance and annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. marketplace by leveraging F&G Life's established brand name and multi-channel distribution system. A.M. Best's rating 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. review will focus on the companies' strategic business plans under its new ownership. A.M. Best will also evaluate the new parent company's capital management plan for F&G Life and its subsidiary. Old Mutual plc currently owns United Asset Management Corporation, an asset management company headquartered in Boston, and Americom Life Insurance Company. These companies were acquired by the Old Mutual Group to access the U.S. life insurance and asset management markets. 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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