A.M. Best Withdraws Ratings of Pacific Union Assurance Company Due to Legal Entity Merger

A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of Pacific Union Assurance Company (San Francisco, CA) and has assigned a category NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR.

Effective December 31, 2009, Pacific Union Assurance Company was merged into its parent company, American General Life Insurance Company (Houston, TX), an indirect wholly owned subsidiary of American International Group, Inc. (New York, NY).

The FSR of A (Excellent) and ICR of “a” of American General Life Insurance Company are unchanged at this time.

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Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.