The “A” rating of Phoenix Home Life Mutual Insurance Co., Hartford, Conn., was affirmed by A.M. Best, which indicated that despite competition from larger companies, Phoenix had made significant progress with a new strategy focused on the total wealth optimization needs of upper income markets. However, A.M. Best also stated that it believes Phoenix will face challenges in penetrating its chosen market. Concurrently, “A” ratings were affirmed for the following Phoenix Subsidiaries: ASL Life Assurance Co., Philadelphia; PHL Variable Ins. Co., Hartford; Phoenix Life and Annuity Co., Hartford; and America Phoenix Life & Reassurance Co., Hartford.
Was this article valuable?
Here are more articles you may enjoy.
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch 
Construction Firm Owner Charged With Workers’ Compensation Fraud 
NAIC Victim of Cyber Incident Via PeopleSoft System From This Issue
