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Insurance ratings actions, Sept. 30

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Insurance ratings actions, Sept. 30

S&P Global MarketIntelligence compiles ratings actions in the insurance space daily through 5:30p.m. ET. Actions after 5:30 p.m. ET will be included in the following day'sroundup.

Life and health

A.M.Best affirmedthe "a-" long-term issuer credit rating of as well as the A+financial strength rating and "aa-" long-term issuer credit rating ofits lead operating subsidiary, AXA Equitable Life Insurance Co.

Therating agency also affirmed the A financial strength rating and "a+"long-term issuer credit rating of MONY Life Insurance Co. of America, the A financialstrength ratings and "a" long-term issuer credit ratings ofAXA Equitable Life and AnnuityCo. and U.S.Financial Life Insurance Co., and the B++ financial strength ratingand "bbb" long-term issuer credit rating of

Theoutlook on all the ratings is stable.

A.M.Best said the affirmation of the ratings of AXA Financial's life subsidiariesreflects its position as a leading variable life and annuity writer and globalasset manager. The ratings reflect the strategic importance of U.S. operationsto the ultimate parent, AXA.


A.M.Best affirmedthe A+ financial strength rating and "aa-" long-term issuer creditrating of Hannover LifeReassurance Co. of America.

Theoutlook on the ratings is stable.

A.M.Best said the ratings of the company's parent, Hannover Rueck SE, have beenextended to it and reflect its role as a key global operating subsidiary ofHannover Re. The ratings also reflect Hannover Life's strong risk-adjustedcapital position, which benefits from the significant use of internalreinsurance with affiliates, good statutory operating performance andrelatively diverse business model.


Property and casualty

A.M.Best affirmedthe A+ financial strength ratings and "aa-" long-term issuer creditratings of Hannover Rueck and its main subsidiaries.

Theaffected units are E+S Rueckversicherung AG, Hannover Re (Bermuda) Ltd., Hannover Re (Ireland)Designated Activity Co., HannoverLife Reassurance Bermuda Ltd. and International Insurance Companyof Hannover SE.

Theoutlook on the ratings is stable.

A.M.Best said the ratings affirmations reflect Hannover Re's excellent consolidatedrisk-adjusted capitalization, highly diversified earnings and superior businessprofile. The ratings of Hannover Re have been extended to its main operatingsubsidiaries, all of which maintain adequate levels of stand-alonerisk-adjusted capitalization, the rating agency said.