October 7, 2024 Newswires

Upstream Holdings, Inc. Announces BBB- Investment Grade Rating from Egan-Jones Ratings Company

Business Wire

NEW YORK--(BUSINESS WIRE)--
Upstream Holdings, Inc. (the “Company”) announced it has received an investment grade rating of “BBB-” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency, during its rating surveillance period.

“This rating is a testament to the hard work and dedication of an extraordinary staff. Our people are the true differentiators in this highly competitive market. Our collective commitment to excellence will propel the company to new heights for years to come.”, said Joseph Emerson, Chief Financial Officer at the Company. Mr. Emerson joined the Company’s executive staff in 2020, where he oversees global financial operations of the Company and its financial, securities, advisory, and investment related activities.

Egan-Jones is a Nationally Recognized Statistical Rating Organization (NRSRO) and is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Egan-Jones is also certified by the European Securities and Markets Authority (ESMA).

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or products referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Upstream Holdings, Inc.

Upstream Holdings, Inc. is rapidly growing insurance holding company that operates under the brand and trademark Upstream Life ™. The Company provides best in class life insurance, annuity, retirement, and advisory solutions to retirees in the U.S., operating through its affiliates, Upstream Life Insurance Company (“ULIC”), Upstream Life Securities Company (“ULSC”), and Upstream Life Wealth Management (“ULWM”). ULIC is a nationally licensed life insurance company that designs and develops in-demand life and annuity products that are distributed through independent distribution channels. ULSC is a Louisiana domestic insurance holding company that provides services, reinsurance and capital for fixed annuity liabilities originated and administered by unaffiliated insurers. ULWM is a Mississippi domestic company established for the purpose of providing financial and investment advisory services to retirees in the U.S. The Company also provides operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form, capitalize and manage their own reinsurance vehicles.

All trademarks, logos and brand names are the property of their respective owners. All Company, product and service names used herein are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement. Upstream Life ™ is owned by Upstream Holdings, Inc., and independently operates through its affiliates and subsidiaries.

Forward Looking Statements

Statements included herein contain certain “forward-looking statements” which relate to future events or our future performance or financial condition. Forward-looking statements can be identified by the use of forward looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including but not limited to the impact of the COVID-19 pandemic and the pandemic's impact on the U.S. and global economy, as well as those described from time to time in our filings with the NAIC. Any forward-looking statement speaks only as of the date on which it is made. The Company undertakes no duty to update any forward-looking statements made herein, whether as a result of new information, future developments or otherwise, except as required by law.