Fitch Withdraws Ratings On Irish Life's U.S. Subsidiaries.Business Editors CHICAGO--(BUSINESS WIRE)--March 27, 2001 Fitch fitch: see polecat. has withdrawn the `AA-' insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. financial strength ratings of Inter-State Assurance Co. (Inter-State) and First Variable Life Insurance Co. (First Variable) at the request of management. Both Inter- inter- word element [L.], between. inter- pref. 1. Between; among: interdental. 2. In the midst of; within: interoceptor. State and First Variable are subsidiaries of Irish Life Assurance plc (Irish Life), which is ultimately owned by Irish Life & Permanent (IL&P). Fitch maintains its `AA-` insurer financial strength rating on Irish Life. The rating is provided by Fitch as a service to users of Fitch ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. . The rating is based primarily on publicly available information. Entity/Issue/Type Action Rating/Outlook First Variable Life Insurance Co. --Insurer financial strength Withdrawn. Inter-State Assurance Co. --Insurer financial strength Withdrawn. |
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