2019 NOV 04 (NewsRx) -- By a
While the impact to Sagicor’s balance sheet is material given the size of the acquired blocks, AM Best notes that the company’s risk-adjusted capitalization will remain supportive of its current ratings. AM Best expects that the transaction will add a moderate amount of income to operating earnings. Financial leverage and interest coverage should remain within AM Best’s expectations for the current rating levels. The transaction is expected to close in 2020, pending regulatory approval and other customary closing conditions.
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