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Aviva USA Nov 11
Standard & Poors, Nov 2011
Abstract
Strategically important to ultimate parent, Aviva plc Strong competitive position and well-established multichannel distribution network Leading U.S. player in indexed annuities and indexed life Tangible support from parent, as evidenced by capital support Net income while showing improvement, remains challenged New sales significantly concentrated in two product lines AXXX/XXX solutions are not in place for 2010 and 2011 redundant reserves No-lapse guarantees products could be adversely affected by sustained low interest rates The insurer financial strength ratings on Aviva Life and Annuity Co., and Aviva Life and Annuity Co. of New York (collectively referred to as Aviva USA) reflect Standard & Poor's Ratings Services' view that Aviva USA is strategically important to Aviva plc. The ratings also reflect what we...
Companies mentioned in this report are: Aviva Life and Annuity Co.,Aviva Life & Annuity Co. of New York,Aviva PLC
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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