AM Best, the largest independent credit rating agency in the world specializing in the insurance industry, recognized Companion Life Insurance Company with a rating of A+. This is the 20th consecutive year Companion Life has received an A+ rating.
“The continued recognition of AM Best with an A+ rating reflects Companion Life’s financial strength and innovative risk strategy,” said John Wilbur, president of Companion Life. “We are committed to growing our product portfolio; and our business partners, employees and policyholders benefit from this important metric,” continued Wilbur.
Companion Life currently ranks as one of the largest non-administrative services organization Stop Loss carriers in the U.S. The company’s ancillary portfolio is designed to supplement health benefits offered by employers and includes group Life, Disability, Dental, Vision and Critical Illness products. Companion Life and its subsidiaries are licensed in 49 states and the District of Columbia with a network of over 19,000 brokers and agents.
AM Best annually rates Companion Life as a group of companies and individually rates some of its subsidiaries. AM Best rates and reports on more than 16,000 companies in more than 100 countries worldwide. Its credit ratings are an independent assessment of an insurance company’s financial strength, creditworthiness and ability to meet policyholder or security holder obligations.
About Companion Life
Headquartered in Columbia, Companion Life (www.CompanionLife.com) has specialized in employee benefits for 50 years. The company markets Stop Loss, Dental, Limited Medical, Short Term Medical, supplemental, retiree and an array of ancillary products. These products are marketed through managing general underwriters; third-party administrators; and a network of independent agents, brokers and general agents. Companion Life, Companion Life of California, and Niagara Life and Health together are licensed in 49 states and the District of Columbia and are rated A+ (Superior) by AM Best.