Business Services Industry
A.M. Best Withdraws Ratings of Mayflower National Life Insurance Company Due to Legal Entity Merger
Business Wire, Dec 3, 2007
OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating of B (Good) and the issuer credit rating of "bbb" of Mayflower National Life Insurance Company (MNL) (Indianapolis, IN) and assigned the company a category NR-5 (Not Formally Followed). MNL had operated as a subsidiary of Assurant, Inc. (New York, New York) [NYSE: AIZ].
Effective December 1, 2007, MNL was merged into an Assurant, Inc. subsidiary, American Memorial Life Insurance Company (Rapid City, SD).
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.
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