Pearson added, "Protective has a proven history of successfully managing these types of closed book transactions, and this, together with their decision to retain the current MONY policy administration team, means that MONY and MLOA policyholders will continue to receive high levels of professional service.
The MLOA legal entity, as well as all the other MONY subsidiaries and distribution network, are outside the scope of the transaction.
FIS enables Bell Helicopter to satisfy its corporate identity assurance objectives while also demonstrating its commitment to leading the A&D industry's move to standard use of MLOA
credentials," said Daniel Pfeifle, Exostar's Vice President of Global Sales.
DCR assigned a short-term CPA rating of 'D-1+' (D-One-Plus) to both MONY Life and MLOA
and awarded each company the DCR Solvency Seal.
Our second report, the insurer financial strength report for MLIC and MLOA
, outlines Fitch's rating rationale that supports the `AA-' insurer financial strength rating assigned to both insurance companies.
MONY and MLOA
have achieved an excellent business profile as a result of their success in cultivating high quality relationships with agents who sell successfully to the upscale market.