OLDWICK, N.J.--(BUSINESS WIRE)--
A.M. Best Co. has withdrawn the financial strength rating (FSR)
of A (Excellent) and issuer credit rating (ICR) of “a” of Protective
Life Insurance Company of New York (Greece, NY), following its
merger with and into its affiliate, Protective Life and Annuity
Insurance Company (PL&A) (Birmingham, AL).
A.M. Best also has withdrawn the FSR of A (Excellent) and ICR of “a” of United
Investors Life Insurance Company(Omaha, NE), following its merger
with and into its parent, Protective Life Insurance Company
(PLIC) (headquartered in Birmingham, AL). Both mergers were effective
July 1, 2012.
PLIC and PL&A are wholly owned subsidiaries of Protective Life
Corporation(Protective) (headquartered in Birmingham, AL) [NYSE:
PL]. The FSR of A+ (Superior) and ICRs of “aa-”of PLIC and PL&A and the
ICR of “a-”of Protective are unchanged.
The methodology used in determining these ratings is Best’s Credit
Rating Methodology, which provides a
comprehensive explanation of A.M. Best’s rating process and contains the
different rating criteria employed in the rating process. Best’s Credit
Rating Methodology can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2012 by A.M. Best Company, Inc.ALL RIGHTS
A.M. BestMichael Adams, 908-439-2200, ext. 5133Senior
Morrow, 908-439-2200, ext. 5378Senior Manager, Public
Pargeans, 908-439-2200, ext. 5359Assistant Vice Presidentwilliam.firstname.lastname@example.orgJim
Peavy, 908-439-2200, ext. 5644Assistant Vice President,
Source: A.M. Best Co.