Fitch Affirms Pan-American Life's IFS Ratings Following Announced Merger with Mutual Trust

April 9, 2015 4:20 PM

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(The following statement was released by the rating agency) CHICAGO, April 09 (Fitch) Fitch Ratings has affirmed the 'A' Insurer Financial Strength (IFS) rating of Pan-American Life Insurance Company (PALIC) and its wholly owned subsidiary, Pan-American Assurance Company (PAAC), collectively referred to as Pan-American.

The Rating Outlook is Stable. Pan-American Life Insurance Group (PALIG) and Mutual Trust Financial Group (Mutual Trust), jointly announced yesterday a definitive merger agreement to combine Pan-American and Mutual Trust Holding Company (Mutual Trust), both mutual insurance holding companies. The mer...

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