AM Best Affirms Ratings of Knighthead Annuity

GEORGE TOWN, Cayman Islands--(BUSINESS WIRE)-- Knighthead Annuity & Life Assurance Company™ announced today that A.M. Best, the world’s oldest and most authoritative insurance rating and information source, affirmed its financial strength rating of B++ (Good) and issuer credit rating of bbb+ (Good). The outlook for both ratings remains stable.

“We are pleased that the A.M. Best Company has affirmed the investment grade ratings for Knighthead Annuity,” stated Gary M. Dombowsky, Chief Executive Officer. “The ratings process represents a comprehensive analysis consisting of a quantitative and qualitative evaluation of balance sheet strength, operating performance and business profile. In an industry where many companies have no rating at all, we take great pride in providing clients with the transparency of an independent rating,” he added.

About Knighthead Annuity

Knighthead Annuity & Life Assurance Company is an AM Best rated insurer that offers fixed annuity offerings to international clients through regulated institutional distribution partners. Knighthead Annuity maintains capital levels to policyholder liabilities at significantly higher levels than traditional annuity insurers to ensure protection of policyholder assets. www.knightheadannuity.com.

Knighthead Annuity is not licensed to sell products in the United States. Its products are not offered for sale to any resident or citizen of the United States, in the United States or in any other jurisdiction where distribution or use would be contrary to law or regulations. Prospective purchasers should obtain independent financial, legal and tax advice to ensure suitability and adherence to any local regulatory requirements. Ratings are effective June 15, 2016. For up to date rating information, visit www.ambest.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160615006582/en/

Knighthead Annuity & Life Assurance Company
Nathan V. Gemmiti, 345-623-0300
[email protected]

Source: Knighthead Annuity & Life Assurance Company

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