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Insurance ratings actions, July 20


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Insurance ratings actions, July 20

S&P Global Market Intelligencecompiles ratings actions in the insurance space daily through 5:30 p.m. ET. Actionsafter 5:30 p.m. ET will be included in the following day's roundup.

Life and health

FitchRatings affirmedthe A+ long-term and F1 short-term issuer default ratings of Prudential Plc, and the AA insurer financial strength ratingof Prudential Assurance Co. Ltd.

The ratingagency also affirmed the AA long-term insurer financial strength ratings of and Jackson National Life InsuranceCo. of New York. Fitch further affirmed the F1+ short-term insurer financialstrength rating and AA- long-term issuer default rating of Jackson National LifeInsurance Co.

The outlookson the group's long-term issuer default and insurer financial strength ratings arestable.

Fitchsaid the ratings reflect Prudential's strong and resilient capital position, operationalscale and strong business position in each of its key markets: the U.K., the U.S.and Asia.


A.M.Best affirmedthe B++ financial strength rating and "bbb+" issuer credit rating of

The outlookfor the financial strength rating remains stable, while the outlook for the issuercredit rating remains negative.

A.M.Best said the ratings reflect the company's improved underwriting performance andsound reinsurance program. The negative outlook for the issuer credit rating reflectsthe company's declining risk-adjusted capitalization and a significant proportionof overdue premium receivables.

A.M.Best affirmedthe A- financial strength ratings and "a-" issuer credit ratings of and itssubsidiary, R.V.I. America InsuranceCo.

The outlookfor each rating is stable.

A.M.Best said the ratings reflect the group's favorable operating results, conservativeinvestment strategy and continued strengthening of market values in specific businesssegments, business profile and risk-adjusted capital. The outlook reflects A.M.Best's expectations for the companies' near- and medium-term operating results,risk-adjusted capitalization, as measured by Best's capital adequacy ratio, andits continued leading market position in providing residual value insurance.