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Article: A.M. Best Places Ratings of Primerica Life Insurance Company and Its Subsidiaries Under Review with Negative Implications.
- Article from:
- Business Wire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OLDWICK, N.J. -- A.M. Best Co. has placed under review with negative implications the financial strength rating of A+ (Superior) and issuer credit ratings of "aa-" of Primerica Life Insurance Company (Boston, MA) and its subsidiaries, National Benefit Life Insurance Company (New York, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario) (collectively known as Primerica Life).
These actions follow the recent announcement by Citigroup Inc. (NYSE: C) that it has filed a registration statement for an initial public offering (IPO) of Primerica, Inc., the newly established holding company for Primerica Life and affiliates.
A.M. Best ...