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Insurance ratings actions, May 5


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Insurance ratings actions, May 5

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

A.M.Best affirmedthe A++ financial strength ratings and "aaa" issuer credit ratings ofNorthwestern Mutual Life InsuranceCo. and its subsidiary NorthwesternLong Term Care Insurance Co.

The outlookfor each rating is stable.

A.M.Best said the rating reflects Northwestern Mutual's favorable level of risk-adjustedcapitalization, exclusive career agency distribution system, strong liquidity andleading market position in participating whole life insurance. The ratings alsoacknowledge the depth and strength of its enterprise risk management program, alongwith the earnings diversification provided by complementary life, annuity and disabilityproduct lines.

FitchRatings affirmedthe A+ insurer financial strength ratings of Wilton Reassurance Co., Wilton Reinsurance Bermuda Ltd., Wilton Reassurance Life Co. of New York, and

Fitchalso affirmed the A- long-term issuer default rating of Wilton Re Ltd.

The outlookis stable.

Fitchsaid the ratings are based on the group's strong insurance earnings, balance sheetstrength that includes solid capitalization across the operating subsidiaries, aconservative investment portfolio, ample liquidity and a reasonable amount of financialleverage.


A.M.Best affirmedthe A- financial strength rating and "a-" issuer credit rating of .

The outlookfor each rating is stable.

A.M.Best also withdrew the ratings in response to the company's request to no longerparticipate in A.M. Best's interactive rating process.

The ratingagency said the affirmation reflects supportive risk-adjusted capitalization, astrong business profile in the legal professional liability line of business, aclearly defined and actionable enterprise risk management program focused on lossprevention, and effective use of reinsurance.