Aviva Life Insurance Company and Aviva Life Insurance Company of New York (Aviva) recently received a financial strength rating upgrade to A+ (Superior, second of 16 rating categories) by A M Best, the oldest and most widely recognized rating agency dedicated to the insurance industry.
Aviva Life Insurance Company and Aviva Life Insurance Company of New York (Aviva) recently received a financial strength rating upgrade to A+ (Superior, second of 16 rating categories) by A M Best, the oldest and most widely recognized rating agency dedicated to the insurance industry. A M Best assigns an A+ rating to companies that have “a superior ability to meet their ongoing obligations to policyholders," and as of July 19, 2005, assigned an A+ rating to less than 15% of life insurers. A M Best's ratings are based on a company's balance sheet strength, operating performance and business profile.
In its press release announcing the rating upgrade, A M Best noted “Aviva’s increasingly diversified annuity liability profile, fixed income product expertise and diversified distribution.” A M Best concluded by stating that it “expects Aviva to continue to grow its wealth accumulation business in its core markets and maintain a strong risk-adjusted capital position with the financial support of [Aviva ultimate parent] Aviva plc.”
"We’re very pleased with Aviva’s improved rating from A M Best, including recognition of our enhanced performance,” says Hans Carstensen III, president and CEO of Aviva. “The rating clearly reaffirms for agents and consumers our overall financial strength and stability, as well as our growing position in the fixed life and annuity marketplace.”
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For further information:
Tammy Leone
Aviva Life Insurance Company
800-225-8073 (x6723)
tleone@avivausa.com
Notes to editors:
Aviva Life Insurance Company and its wholly owned subsidiary, Aviva Life Insurance Company of New York, are subsidiaries of London-based Aviva plc. Aviva plc has roots dating back to 1696 and is one of the 10 largest insurance groups in the world. One of the fastest-growing U.S. life insurers, Aviva Life Insurance Company offers a competitive portfolio of fixed life insurance and annuity products through select independent agents, banks and brokers.