GEORGE TOWN, Cayman Islands , Aug. 03, 2017 (GLOBE NEWSWIRE) — Knighthead Annuity & Life Assurance Company™ announced today that A.M. Best, the world’s oldest and most authoritative insurance rating and information source, affirmed its financial strength rating of B++ (Good) and issuer credit rating of bbb+ (Good). The outlook for both ratings remains stable.
“We are pleased that for the third year, the A.M. Best Company has confirmed the financial strength of Knighthead Annuity,” stated Gary M. Dombowsky, Chief Executive Officer. “The ratings reflect Knighthead Annuity’s expanding business profile of products and distribution, favourable operating performance, strong capitalization and risk management program. Historically, few companies in the international annuity or investment contract segment either sought or could obtain a rating. Knighthead Annuity is the exception and we are pleased to provide our global clients and their advisors the validation and transparency that accompanies an independent rating. We encourage all stakeholders to review the report,” he added.
About Knighthead Annuity
Knighthead Annuity & Life Assurance Company is an AM Best rated insurer that offers fixed annuity offerings to international clients through regulated institutional distribution partners. Knighthead Annuity maintains capital levels to policyholder liabilities at significantly higher levels than traditional annuity insurers to ensure protection of policyholder assets. www.knightheadannuity.com.
Knighthead Annuity is not licensed to sell products in the United States. Its products are not offered for sale to any resident or citizen of the United States, in the United States or in any other jurisdiction where distribution or use would be contrary to law or regulations. Prospective purchasers should obtain independent financial, legal and tax advice to ensure suitability and adherence to any local regulatory requirements. Ratings are effective June 15, 2016. For up to date rating information, visit www.ambest.com.
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