Standard & Poor’s Ratings Services has increased the counterparty credit rating on AmerUs Group Company to A, from BBB plus.
Aviva P.L.C., London, announced today that it has completed a previously announced $3.1 billion acquisition of AmerUs, Des Moines, Iowa, and immediately will begin integrating the AmerUs business into its own U.S. operations.
Aviva is the fifth largest insurance group in the world in terms of premium revenue.
Thomas Godlasky now will be president of Aviva’s combined U.S. operations, which will be called Aviva, and Philip East, finance director of Aviva’s U.K. general insurance operations, will be chief financial officer, Aviva says.
S&P, New York, says it is affirming the A plus counterparty and financial strength ratings on AmerUs units such as AmerUs Life Insurance Company, Bankers Life Insurance Company of New York and Indianapolis Life Insurance Company.
S&P has based the rating actions partly on the completion of the Aviva deal, according to Robert Bowen, an S&P credit analyst.