Accordia Life Earns Ratings Upgrade by Standard & Poor's®
Obtains “A-” Rating and “Stable” Outlook
DES MOINES, Iowa--(BUSINESS WIRE)--On June 27, Standard & Poor's® Ratings Services raised its long-term financial strength and counterparty credit ratings on Accordia Life and Annuity Insurance Co. (Accordia Life) to A-/Stable from BBB+/Positive. A major consideration for this upgrade is that Accordia Life is now viewed by the ratings service as a core part of the Global Atlantic Financial Group Limited (GAFG), its parent company.
“We will continue to focus on exceeding expectations with innovative new product releases and our strong distribution system”
“We are pleased to learn that Standard & Poor's® has upgraded our financial strength rating to A- with a Stable outlook,” said Mike Miller, President of Accordia Life. “Accordia Life continues to generate momentum and excitement in the marketplace and this upgrade demonstrates the growing confidence in our business.”
With origins dating back to 1896, Accordia Life has a breadth of knowledge and experience in indexed universal life and has been in the market since its inception. Its time-tested product designs have been proven in varying market conditions and economic climates.
“We will continue to focus on exceeding expectations with innovative new product releases and our strong distribution system,” Miller said. “We are very excited about the new product suite we launched in May and look forward to Accordia’s continued evolution.”
For more information about Accordia Life, please visit www.accordia.com.
About Accordia Life
Accordia Life is an innovative life insurance company, providing customers and agents proven expertise in indexed universal life insurance. The company’s products help meet the protection, wealth transfer and small-business needs of customers throughout the United States. Accordia Life’s success is built on a foundation of experience, exceptional products and deep relationships.
Accordia Life is a subsidiary of Global Atlantic Financial Group Limited, a multi-line insurance and reinsurance company with over $30 billion in assets and 10 offices. Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in April of 2013.
About Global Atlantic Financial Group Limited
Global Atlantic Financial Group Limited, a multi-line insurance and reinsurance company, was founded at Goldman Sachs in 2004 and separated as an independent company in April of 2013. In less than a decade, Global Atlantic has established itself as an innovative insurance provider. The combined organization has over $30 billion in assets and 10 offices. Global Atlantic’s success is driven by experienced leadership, a long-term focus on policyholders, financial discipline and a culture that emphasizes teamwork, innovation and excellence.
“Standard & Poor’s®,” “S&P®,” “S&P 500®,” “Standard & Poor’s 500,” and “500” are trademarks of The McGraw Hill Companies, Inc.