OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has delegated a Long-Term Issuer Credit Rating of “a” into LRG (US), Inc. (Delaware). The prognosis assigned to this particular Credit Rating (score ) is steady. LRG (US), Inc. is the intermediate holding company of London Life International Reinsurance Corporation (LLIRC) and Canada Life Reinsurance Company (CLRC), that are members of the The Canada Life Assurance Company evaluation unit.
LRG (US), Inc. and its subsidiaries are all members of this Great-West Lifeco Inc. group of employers; their immediate parent’s Canada Life Assurance Company, a top Canada-based life insurance policy. LLIRC and CLRC are composite reinsurers licensed to write life reinsurance, accident and health reinsurance, annuity reinsurance and property and casualty reinsurance company, but are used chiefly for life reinsurance for related entities. LRG (US), Inc. will be used to strengthen the funding position of LLIRC to encourage its business aims.
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