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 has removed from under review with negative implicationsand affirmed the B++ financial strength rating and the "bbb+"long-term issuer credit rating of Germania Life Insurance Co.
The outlook assigned to the ratings is stable.
A.M. Best said the ratings actions come after the resolutionof a material charge against Germania Life's capital, related to reserveadjustments that its parent, Germania Farm Mutual Insurance Association, hasretroactively funded as of year-end 2015.
Property and casualty
A.M. Best has placed the A financial strength ratings andthe "a" long-term issuer credit ratings of andcertain of its affiliates under review with positive implications.
EnduranceAssurance Corp., Endurance Worldwide Insurance Ltd., , EnduranceAmerican Insurance Co., Endurance Risk Solutions Assurance Co. and were the company's affiliates included in the action.
The ratings actions follow the announcement that has entered into a definitive with , under which Sompowill acquire Endurance.
A.M. Best said the under review status takes into accountthe potential financial and operational benefits derived from the company beinga significant operation within a larger, higher-rated organization.
The ratings will remain under review pending the completionof the transaction and a review by the agency regarding Sompo's futureoperating plans for Endurance.
A.M. Best has revised the outlooks to negative from stableand affirmed the A financial strength rating and the "a" long-termissuer credit ratings of TexasFarm Bureau Casualty Insurance Co. and its unit, .
The agency said the outlook revision reflects the companies'volatility in operating performance driven by continued underwriting losses inthe personal auto book of business. Partiallyoffsetting the negative factors are the companies' excellent risk-adjusted capitalization, localmarket knowledge and strong market presence in Texas.