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Associated Press
23-05-2025
- Business
- Associated Press
AM Best Places Credit Ratings of Gulf Guaranty Life Insurance Company Under Review With Developing Implications
OLDWICK, N.J.--(BUSINESS WIRE)--May 23, 2025-- AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of 'bbb' (Good) of Gulf Guaranty Life Insurance Company (Gulf Guaranty Life) (Flowood, MS). The Credit Ratings (ratings) reflect Gulf Guaranty Life's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). Gulf Guaranty Life was sold to Acturion, LLC in March of 2025. AM Best has placed these ratings under review with developing implications pending completion of its discussions with the new owners of Gulf Guaranty Life as to the direction of the company's balance sheet strength, operating performance, profile and ERM. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best'sRecent Rating Activityweb page. For additional information regarding the use and limitations of Credit Rating opinions, please viewGuide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please viewGuide to Proper Use of Best's Ratings & © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on CONTACT: Igor Bass Senior Financial Analyst +1 908 882 1646 [email protected] Kate Steffanelli Associate Director +1 908 882 2337 [email protected] Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 [email protected] Al Slavin Senior Public Relations Specialist +1 908 882 2318 [email protected] KEYWORD: EUROPE UNITED STATES NORTH AMERICA NEW JERSEY INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: AM Best Copyright Business Wire 2025. PUB: 05/23/2025 11:23 AM/DISC: 05/23/2025 11:22 AM
Business Wire
23-05-2025
- Business
- Business Wire
AM Best Places Credit Ratings of Gulf Guaranty Life Insurance Company
BUSINESS WIRE)-- AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of 'bbb' (Good) of Gulf Guaranty Life Insurance Company (Gulf Guaranty Life) (Flowood, MS). The Credit Ratings (ratings) reflect Gulf Guaranty Life's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). Gulf Guaranty Life was sold to Acturion, LLC in March of 2025. AM Best has placed these ratings under review with developing implications pending completion of its discussions with the new owners of Gulf Guaranty Life as to the direction of the company's balance sheet strength, operating performance, profile and ERM. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
