Quantcast
 
Annual return of 118.79% - See How  Click here now!


 

A.M. Best Withdraws Ratings of Two of AEGON N.V.'s U.S. Subsidiaries Due to Legal Entity Mergers

Fri. October 03, 2008; Posted: 02:36 PM
Stocks RSS
OLDWICK, N.J., Oct 03, 2008 (BUSINESS WIRE) -- IVIO | Quote | Chart | News | PowerRating -- A.M. Best Co. has withdrawn the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa" of Transamerica Occidental Life Insurance Company (TOLIC) and Life Investors Insurance Company of America (LIICA) (both of Cedar Rapids, IA). At the same time, A.M. Best has assigned a category NR-5 (Not Formally Followed) to the FSR and an "nr" to the ICRs.

TOLIC and LIICA were subsidiary companies of AEGON N.V.'s (The Netherlands) [NYSE: AEG] U.S. operations. AEGON's U.S. life/health member companies are collectively referred to as AEGON USA.

On October 1 and October 2, 2008, respectively, TOLIC and LIICA were merged with and into Transamerica Life Insurance Company (Cedar Rapids, IA). The FSR and ICRs of the remaining life/health members of AEGON USA are unchanged.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

SOURCE: A.M. Best Co.

A.M. Best Co. Analysts Darian Hala, 908-439-2200, ext. 5802 darian.hala@ambest.com Thomas Rosendale, 908-439-2200, ext. 5201 thomas.rosendale@ambest.com or Public Relations Jim Peavy, 908-439-2200, ext. 5644 james.peavy@ambest.com Rachelle Morrow, 908-439-2200, ext. 5378 rachelle.morrow@ambest.com

For full details on AEGON N.V. (AEG) click here. AEGON N.V. (AEG) has Short Term PowerRatings of 6. Details on AEGON N.V. (AEG) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [AEG]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.