A.M. Best assigns A (Excellent) rating for John Alden Financial's major subsidiary.MIAMI--(BUSINESS WIRE)--April 10, 1995--John Alden Al·den , John 1599?-1687. Pilgrim colonist and political figure whose courtship of Priscilla Mullins (born c. 1602) is the subject of a popular legend. Financial Corp. (NYSE NYSE See: New York Stock Exchange :JA) announced today that its major subsidiary, John Alden John Alden (1599?–September 22 1687) was one of the Pilgrims who emigrated to America in 1620 on the Mayflower and founded the Plymouth Colony. He was originally hired by William Bradford and others to be their cooper. Life Insurance Co., has been assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. a 1995 A.M. Best Rating of A (Excellent). John Alden Life had been assigned a 1994 rating of A+ (Superior). "While we are disappointed that A.M. Best has decided to lower our rating assignment, we do recognize that all insurance companies are operating in a more stringent rating environment," said Glendon E. Johnson, chairman of the board and chief executive officer. "As A.M. Best has indicated, John Alden continues to enjoy a strong and liquid investment portfolio and has a strong presence in the small group accident and health and the retirement savings 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. marketplaces." John Alden Financial Corp. is an insurance holding company that, through its subsidiaries, is principally engaged in providing group life and health insurance and managed care services. John Alden is one of the largest providers of group insurance in this market. The company also markets annuities, life insurance to individuals, credit life and health insurance, extended service contracts and other health-related risk management services and products. CONTACT: John Alden Financial Corp. Syed Ali, 305/715-3767 |
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