A.M. Best affirms Foresters rating

Keywords Life insurance industryCompanies Foresters Share this article and your comments with peers on social media Manulife Canada CEO sees Apple and Netflix as competitors as insurance evolves Related news Sun Life Financial buying Pinnacle Care International IE Staff Facebook LinkedIn Twitter A.M. Best also gave Foresters an issuer credit rating of “a+”. A.M Best has now affirmed Foresters “A” rating for 13 consecutive years. In addition, A.M. Best assigned an “A-” (Excellent) rating for Foresters subsidiary Foresters Life Insurance Co, and an “A-” (Excellent) rating for subsidiary First Investors Life Insurance Company. The outlook for all ratings is stable which means it is unlikely to change in the near future, assuming the organization’s financial strength is maintained and its operations grow. Commenting on the ratings, George Mohacsi, president and CEO, Foresters said, “The continued “Excellent” ratings for Foresters and its subsidiaries attest to our financial strength and stability. We’re looking forward to increased growth and continued financial strength as we deliver on our purpose to champion family well-being.” Toronto-based Foresters has received an “A” (Excellent) rating from rating agency A.M. Best Company. The independent rating is an important measure of the international life insurance provider’s financial strength and stability, reflecting Foresters ability to pay claims. Manulife, Sun Life report modest impact from Hong Kong turmoil

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