December 20 2019
Companion Life Insurance Company has been awarded its 18th consecutive financial strength rating of A+ from AM Best Company, the global rating agency with a focus on the insurance industry and known to be a leading provider of financial analysis and industry research. The ratings reflect Companion Life’s balance sheet strength, operating performance, business profile and enterprise risk management.
According to Companion Life President John Wilbur, who joined the organization this year, stop-loss insurance remains a central focus of the organization as does the fostering of longstanding relationships that have helped the company maintain this unprecedented, year-over-year recognition. He said, “We are unwavering in our commitment to strategic growth even as we recognize, too, that we do not achieve this level of achievement without the support of longstanding relationships in this highly specialized marketplace. This recognition is a meaningful metric of financial strength for our marketing partners, peace of mind for our policyholders, and a point of pride for all of us at Companion Life.”
Companion Life and its subsidiaries are licensed in 49 states and the District of Columbia; this includes a network of 180 general agents and more than 15,000 brokers and agents. The company’s ancillary portfolio includes group life, disability, dental, vision and critical illness products designed to supplement health benefits offered by employers.
AM Best annually rates Companion Life as a group of companies, as well as individually rating some of its subsidiaries. AM Best’s analysis is considered an essential tool to help the financial industry and consumers assess an insurer’s financial strength, creditworthiness and ability to honor obligations to policyholders. Ratings are issued to approximately 3,500 companies in more than 90 countries worldwide.
About Companion Life
Headquartered in Columbia, Companion Life (www.CompanionLife.com) has specialized in employee benefits since 1971. The company markets stop-loss, dental, limited medical, short term medical, supplemental, retiree and an array of ancillary products. These products are marketed through MGUs, TPAs 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 hold an AM Best Rating of A+ (Superior).
Media Contact – Patti Embry-Tautenhan,
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