American Enterprise Group earns straight A- ratings from A.M. Best
BUSINESS RECORD STAFF Apr 30, 2018 | 7:50 pm
<1 min read time
118 wordsAll Latest News, Banking and Finance, InsuranceAmerican Enterprise Group Inc. announced that A.M. Best Co. Inc. has affirmed the Financial Strength Rating of A- (excellent) of five of the Des Moines-based company’s insurance subsidiaries, and has upgraded its FSR rating for its newest subsidiary, Great Western Insurance Co., to A- (excellent) from B++ (good). American Enterprise Group acquired Utah-based Great Western in January. “We’re honored to have the industry’s premier rating organization recognize all of our insurance subsidiaries as a top-tier, excellent-level provider of financial strength for our policyholders, employees and distribution partners,” said Tom Swank, AEG’s CEO. “We were confident our acquisition of GWIC would eventually impact its rating favorably, and we are very pleased with how quickly A.M. Best issued the upgrade.”