Business Services Industry
A.M. Best Withdraws Ratings of Hartford Life Subsidiary Due to Legal Entity Merger
Business Wire, Jan 2, 2007
OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating (FSR) and the issuer credit rating (ICR) and assigned an NR-5 (Not Formally Followed) to Hartford Life Group Insurance Company (Illinois). The company had been a wholly-owned, indirect life/health subsidiary of Hartford Financial Services Group, Inc. (Hartford, CT) [NYSE: HIG].
Effective December 31, 2006, Hartford Life Group Insurance Company was merged into Hartford Life and Accident Insurance Company. The FSR of A (Superior) and the ICR of "aa-" of Hartford Life and Accident Insurance Company are unchanged.
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.
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