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A.M. Best Co.
A.M. Best Withdraws Ratings of Concord Heritage Life Insurance Company, Inc.
January 23rd, 2009
A.M. Best Co. has withdrawn the financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of “bbb+” of Concord Heritage Life Insurance Company, Inc. (Concord Heritage) (Concord, NH) and assigned an NR-5 (Not Formally Followed) to the FSR and a “nr” to the ICR following its acquisition by Unified Life Insurance Company (Unified Life) (Dallas, TX) from Allstate Corporation (Northbrook, IL). The FSR of B++ (Good) and ICR of “bbb+” of Unified Life are unchanged by this acquisition. Concord Heritage will be merged into Unified Life following regulatory approval, which should be received shortly. Concord Heritage, with net premiums written of nearly $7.9...
Source: Health Business Week (2009-01-23)
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