AM Best Upgrades Credit Ratings of Assurant, Inc and Its Property/Casualty Subsidiaries; Affirms Credit Ratings of Its Life/Health Subsidiaries
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AM Best Upgrades Credit Ratings of Assurant, Inc and Its Property/Casualty Subsidiaries; Affirms Credit Ratings of Its Life/Health Subsidiaries
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AM Best Affirms Credit Ratings of Assurant, Inc. and Certain Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long Term ICR) of a+ (Excellent) of the U.S. property/casualty (P/C) subsidiaries of Assurant, Inc. (Assurant) (headquartered in New York, NY) [NYSE: AIZ]. These companies are collectively referred to as Assurant P&C Group (Assurant P&C). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long Term ICRs of a- (Excellent) of the core credit and life/health (L/H) subsidiaries of Assurant: American Bankers Life Assurant Company of Florida (Miami, FL) and Caribbean American Life Assurance Company (San Juan, Puerto Rico). AM Best also has affirmed the Long-Term ICR of bbb+ (Good) and the Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of Assurant. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the companies and