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AM Best Comments on Massachusetts Mutual Life Insurance Company's Acquisition of American Financial Group Inc.'s Life Insurance Subsidiaries


Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Comments on Massachusetts Mutual Life Insurance Company’s Acquisition of American Financial Group Inc.’s Life Insurance Subsidiaries
January 27, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Jan 27, 2021
AM Best has commented that the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” of Massachusetts Mutual Life Insurance Company (MassMutual) (Springfield, MA) remain unchanged following its announcement that it plans to purchase the life insurance subsidiaries of American Financial Group, Inc. (AFG). In addition, the FSR of A++ (Superior) and the Long-Term ICRs of “aa+” of MassMutual’s operating insurance subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company (both domiciled in Enfield, CT), also are unchanged following the announcement. The Long-Term Issue Credit Ra ....

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AM Best Affirms Credit Ratings of Nassau Financial Group, L.P.s Insurance Subsidiaries


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16411
AM Best has affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issue Credit Ratings (Long-Term ICR) of “bbb-” of Nassau Life Insurance Company (NNY), Nassau Life and Annuity Company (NLA), Nassau Life Insurance Company of Kansas (Overland Park, KS) and Nassau Life Insurance Company of Texas (Austin, TX). All of the aforementioned entities, including an unrated entity, Nassau Re (Cayman) Ltd., which is used for internal reinsurance, are collectively referred to as the Nassau Insurance Group (Nassau). Concurrently, AM Best has affirmed the FSR of B (Fair) and the Long-Term ICR of “bb” of PHL Variable Insurance Company (PHL). ....

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