A.M. Best Places Credit Ratings of MAPFRE Life Insurance Company Under Review With Developing Implications

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

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Contacts

A.M. Best
Frank Walko
Financial Analyst
+1 908 439 2200, ext. 5072
frank.walko@ambest.com
or
Thomas Rosendale
Director
+1 908 439 2200, ext. 5201
thomas.rosendale@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Contacts

A.M. Best
Frank Walko
Financial Analyst
+1 908 439 2200, ext. 5072
frank.walko@ambest.com
or
Thomas Rosendale
Director
+1 908 439 2200, ext. 5201
thomas.rosendale@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com