A.M. Best Upgrades Starmount Life’s Rating to A-
Insurance rating agency A.M. Best has upgraded the financial strength rating for Starmount Life Insurance Company to A- (Excellent) from B++ (Good) and upgraded the issuer credit rating for Starmount to “a-“ from “bbb+,” with a stable outlook for both.
A.M. Best said the upgrades were a result of Starmount’s “favorable” operating performance, increased financial flexibility and potential market growth possibilities as part of Unum. According to the A.M. Best news release, Unum’s acquisition of Starmount is projected to strengthen Unum’s employee benefits product portfolio, as well as grow Starmount’s national presence in the dental and vision market space.
A.M. Best’s rating upgrades are the latest of many Starmount accomplishments. Within the last two months, Starmount’s achievements include:
- Earning a spot on the 2016 list of Ward’s 50® Top Performers in life and health insurance from the Ward Group.
- Being listed for the 11th consecutive year as one of the top 100 private companies in the Greater Baton Rouge area.
- Releasing customer-inspired, mobile app updates to simplify dental and vision insurance.
Read the full Starmount announcement or A.M. Best’s press release.