{"id":22633,"date":"2026-06-17T20:37:00","date_gmt":"2026-06-17T18:37:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=c7cc5d0627435e6b8ecc2ab3d0e74b56"},"modified":"2026-06-17T20:37:00","modified_gmt":"2026-06-17T18:37:00","slug":"am-best-places-credit-ratings-of-trans-oceanic-life-insurance-group-member-under-review-with-developing-implications","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=22633","title":{"rendered":"AM Best Places Credit Ratings of Trans-Oceanic Life Insurance Group Member Under Review With Developing Implications"},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of \u201cbbb+\u201d (Good) of Trans-Oceanic Life Insurance Company (TOLIC) (San Juan, Puerto Rico) a member of Trans-Oceanic Life Insurance Group.<\/p><\/a><\/a>

\nThe Credit Ratings (ratings) of TOLIC were placed under review with developing implications subsequent to the disclosure that TOLIC is in the final regulatory approval stage of an acquisition by Heritage Life Insurance Company (HLIC), who will become TOLIC\u2019s immediate controlling parent and affiliated reinsurer. The transaction is expected to strengthen TOLIC\u2019s absolute capital base, while preserving its operating profile and maintaining management continuity.<\/p>

\nAM Best will be meeting with management and further evaluating the overall expected impact on the organization\u2019s balance sheet strength, operating performance, business profile and enterprise risk management, as well as the proposed support from HLIC and other post-acquisition efficiencies. Additionally, AM Best will also be evaluating the impact on management\u2019s anticipated synergies from changes to TOLIC\u2019s reinsurance structure following the close of the acquisition. The ratings will remain under review with developing implications pending, these additional discussions and final regulatory approvals. The transaction is expected to close during late second-quarter or early third-quarter 2026.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best's Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nMichael Sweeney<\/b>Financial Analyst<\/b>+1 908 882 2384<\/b>michael.sweeney@ambest.com<\/a>\nJospeh Zazzera<\/b>Director<\/b>+1 908 882 2442<\/b>jospeh.zazzera@ambest.com<\/a>\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OLDWICK, N.J.–(BUSINESS WIRE)–#insurance–AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of \u201cbbb+\u201d (Good) of Trans-Oceanic Life Insurance Company (TOLIC)…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22633","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/22633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22633"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/22633\/revisions"}],"predecessor-version":[{"id":22634,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/22633\/revisions\/22634"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}