OLDWICK, N.J.--(BUSINESS WIRE)--
A.M. Best has withdrawn the financial strength rating (FSR) of A
(Excellent) and issuer credit ratings (ICR) of ďa+Ē of Acacia Life
Insurance Company (Acacia) (Bethesda. MD) and The Union Central
Life Insurance Company (Union Central) (Cincinnati, OH), due to the
merger with and into their parent company, Ameritas Life Insurance
Corp. (Ameritas Life) (Lincoln, NE), effective July 1, 2014. The
ratings of Ameritas Life as well as the debt rating on Union Centralís
outstanding surplus notes remain unchanged.
As approved by the state of Nebraska, all outstanding liabilities of
Acacia and Union Central Ė including the aforementioned surplus notes Ė
have been assumed by Ameritas Life. The FSR of A (Excellent) and ICR of
ďa+Ē of Ameritas Life were affirmed with a positive outlook on March 28,
2014. (Click here
to see press release.)
The methodology used in determining these ratings is Bestís Credit
Rating Methodology, which provides a comprehensive explanation of A.M.
Bestís rating process and contains the different rating criteria
employed in the rating process. Bestís Credit Rating Methodology can be
found at www.ambest.com/ratings/methodology.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS
Kate Steffanelli, 908-439-2200, ext. 5063
Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
Edelsberg, 908-439-2200, ext. 5182
Peavy, 908-439-2200, ext. 5644
Assistant Vice President,
Source: A.M. Best