A.M. Best Revises Outlook to Positive of Lewer Life Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B (Fair) and issuer credit rating of “bb+” of Lewer LifeInsurance Company (Lewer Life) (Kansas City, MO).

The positive outlook reflects Lewer Life’s more favorable operating results reported over the last three years, its diversification initiatives undertaken over the last year and its sound risk-adjusted capital position. However, A.M. Best believes the company may be challenged to adjust to the new health care reform regulations in the near future.

Lewer Life is primarily a reinsurer of student insurance underwritten by other carriers and marketed and administered chiefly by its affiliate, The Lewer Agency, Inc. Lewer Life maintains an established niche in this market via established relationships with community colleges and private universities across the country. Lewer Life also reinsures life and dental insurance and offers ordinary life insurance on a direct basis in 10 states.

For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

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.

A.M. Best Company
Analysts
Brian Virostek, 908-439-2200, ext. 5531
[email protected]
or
Jeffrey Lane, 908-439-2200, ext. 5567
[email protected]
or
Public Relations
Rachelle Morrow, 908-439-2200, ext. 5378
[email protected]
or
Jim Peavy, 908-439-2200, ext. 5644
[email protected]

Source: A.M. Best Company