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.