Business Services Industry

A.M. Best Comments on the Acquisition of the Aon Warranty Group

Business Wire, June 30, 2006

OLDWICK, N.J. -- A.M. Best Co. has announced that the ratings of Virginia Surety Company, Inc. (Chicago, IL) and FFG Insurance Company (Texas), which together form the Virginia Surety Group and Resource Life Insurance Company (Illinois), remain unchanged following the announcement by Aon Corporation that it has reached a definitive agreement to sell AON Warranty Group to Onex Corporation, a company headquartered in Toronto, Ontario.

The transaction is expected to close in fourth-quarter 2006, pending regulatory approvals.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.> A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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