Amalgamated Life Insurance Receives “A” Rating for the 34th Year

AMALGAMATED LIFE INSURANCE RECEIVES “A” RATING FOR THE 34th YEAR  

New York, NY (June 9th, 2009) . . . For the 34th consecutive year A.M. Best Company has rated Amalgamated Life Insurance Company “A” (Excellent).

According to A.M. Best, “the rating assigned to Amalgamated Life Insurance Company (Amalgamated Life) reflects the Company’s niche position in the labor union marketplace, its favorable statutory operating results, as well as its solid risk-adjusted capital position.”

“Given the current economic times, an “A” rating from A.M. Best is an even stronger endorsement of the Company’s financial soundness, the security we provide our customers and the overall quality of our Company and our products,” said David Walsh, President and CEO at Amalgamated Life.

Amalgamated Life specializes in providing group life, voluntary life, disability and medical stop-loss insurance for trade unions and employer sponsored groups.  As America’s Labor Insurance Company®, Amalgamated Life insures employer groups, unions, health and welfare funds,  and working men and women in a wide variety of industries.

“Our mission is to help working people and their families obtain financial security by providing affordable products and services.  In achieving and sustaining the “A” rating, we demonstrate our commitment to managing those relationships with financial integrity, while delivering tailored products and services that meet their needs,” stated Walsh.

Amalgamated Life Insurance Company, based in White Plains, NY, was founded in 1943 to protect the financial well being of working men and women.

Amalgamated Life and its affiliates have over $800 million in annual premium, premium equivalencies and fee-for-service.  The Company’s affiliates include: a property and casualty insurance brokerage, a third-party administration company, a medical management company, a computer outsourcing company and a printing and graphics company. 

Contact:
Kay Spalding
Marketing Director
333 Westchester Avenue
White Plains, NY 10604
P: 914 367-5826
F: 914 367-4115
[email protected]
www.amalgamatedlife.com

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