AM Best Assigns Credit Ratings to Aurora National Life Assurance Company
- June 01, 2022 03:39 PM (EDT)
Oldwick //BestWire// - AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to Aurora National Life Assurance Company (Aurora) (Los Angeles, California). The outlook assigned to these Credit Ratings (ratings) is stable.
The rating assignments reflect full rating enhancement afforded Aurora as a newly added group member of the RGA Reinsurance Company (RGA) rating unit. The ratings reflect the group’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and very strong enterprise risk management (ERM).
Aurora is considered core to the group’s strategy and is integrated fully into the group’s operations, including utilization of RGA’s investment management and ERM functions. In addition, Aurora benefits from the financial resources and full support of RGA.
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.