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GILICO Growth Spurs Rating Upgrade, New Hire


GILICO Growth Spurs Rating Upgrade, New Hire
Financial rating boost and talent acquisition kick off 95
th anniversary year
BATON ROUGE Guaranty Income Life Insurance Company (“GILICO”), a Kuvare US Holdings, Inc. (“Kuvare”) affiliate and life and annuity business based in Baton Rouge, Louisiana, received an insurance financial strength rating of A (upgraded from A-) by Kroll Bond Rating Agency (“KBRA”). 
Joe Wieser, President of GILICO, commented, “This upgrade is a testament to GILICO’s financial strength, operating performance, and growing stature within the US annuity marketplace. We are proud of our outstanding results and long-term focus to deliver on the promises made to our policyholders and distribution partners.”  ....

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Kuvare Shares Newly Published Robust Company Ratings


Press release content from Business Wire. The AP news staff was not involved in its creation.
Kuvare Shares Newly Published Robust Company Ratings
February 4, 2021 GMT
CHICAGO (BUSINESS WIRE) Feb 4, 2021
Kuvare US Holdings, Inc. (collectively with its affiliates, “Kuvare”) is pleased to share financial strength ratings for segments of the Kuvare organization, as recently published by AM Best Company, Inc. (“AM Best”) and Kroll Bond Rating Agency (“KBRA”).
First, Kuvare Life Re Ltd. (“KLR”), Kuvare’s Bermuda-based reinsurance company, is newly rated by both AM Best and KBRA. AM Best has issued an A- (Excellent) rating, and KBRA issued an A- (stable) insurance financial strength rating. Since inception in 2016, KLR has closed four significant reinsurance transactions totaling nearly $3 billion of third-party reinsurance reserves. “We are very pleased with the results of our first ratings processes, and we believe that these ratings are reflec ....

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