OLDWICK, N.J.--(BUSINESS WIRE)--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.
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