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Article: MIMLIC Life Insurance Assigned 'BBBpi' Rtg by S&P.
- Article from:
- Business Wire
- Article date:
- September 24, 1998
CopyrightCOPYRIGHT 1998 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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NEW YORK--(BUSINESS WIRE)--Sept. 23, 1998--Standard & Poor's today assigned its triple-'Bpi' insurer financial strength rating to MIMLIC Life Insurance Co.
MIMLIC Life Insurance is licensed only in Arizona, and commenced operations in 1984. The company is owned by Minnesota Mutual Life Insurance Co., a large life insurer. MIMLIC Life Insurance does not write any third party business, but assumes group life and group accident & health business from its parent, Minnesota Mutual Life Insurance Co.
The following factors were incorporated in the triple-'Bpi' rating:
-- The company's extremely strong capitalization, as measured by Standard & Poor's ...