OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A-(Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Atlantic Capital Life Assurance Company (ACLAC) (Atlanta, GA), a wholly owned subsidiary of Bankers Fidelity Life Insurance Company (BFLIC). The outlook assigned to these Credit Ratings (ratings) is stable. ACLAC is a newly added member of the Bankers Fidelity Life Insurance Group (BFLIG).
The ratings reflect ACLAC’s inclusion as a member of BFLIG with a very strong balance sheet strength assessment, marginal operating performance, neutral business profile and appropriate enterprise risk management.
ACLAC is a newly formed entity of BFLIC. The strategic purpose of ACLAC is to provide BFLIC flexibility in writing new Medicare supplement business. ACLAC’s sole line of business is currently Medicare supplement and all of its premiums will be ceded to BFLIC. Additionally, ACLAC received its initial startup capital from BFLIC, and both companies’ share a common management team, distribution force, administrative service and risk management program. ACLAC will be doing business as Bankers Fidelity Life in the market. As a result, AM Best is extending the group rating of BFLIG to ACLAC.
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