Best’s News & Research Service - April 13, 2018 01:50 PM (EDT)
A.M. Best Places Credit Ratings of MAPFRE Life Insurance Company Under Review With Developing Implications
- April 13, 2018 01:50 PM (EDT)
Oldwick //BestWire// - A.M. Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of MAPFRE Life Insurance Company (MAPFRE Life) (Webster, MA), which is a wholly owned subsidiary of MAPFRE U.S.A. Corp.
The under review with developing implications status reflects the recent public disclosure of the proposed acquisition of MAPFRE Life by Swiss Re Ltd, Swiss Re Life Capital Ltd, Swiss Re Life Capital Americas Holding Inc. and Elips Life Americas Inc. The transaction is expected to be completed during the second quarter of 2018. The ratings of MAPFRE Life will remain under review until the transaction closes and A.M. Best has discussed the strategic and financial plans for the company with the management of the acquiring organization.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
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