A.M. Best Comments on Global Atlantic Financial Group’s Announcement to
Acquire Forethought Financial Group, Inc.
OLDWICK, N.J. -- September 26, 2013
A.M. Best Co. has commented that the ratings of Forethought Financial Group,
Inc. (FFGI) (Delaware) and its key subsidiary, Forethought Life Insurance
Company (Indianapolis, IN) are unchanged following today’s announcement that
Global Atlantic Financial Group (Global Atlantic) (Cayman Islands) has entered
into a definitive agreement to acquire FFGI.
A.M. Best believes the stand-alone credit profile of FFGI remains unchanged,
and its future ratings will be dependent upon the ultimate ratings associated
with the resolution of Global Atlantic’s pending acquisition of Aviva plc’s
(AVIVA) U.S. life insurance business. It is anticipated that the AVIVA
transaction will be concluded in the very near term.
Upon the completion of the transaction, FFGI will become a wholly owned
subsidiary of Global Atlantic. At that time, Global Atlantic will acquire all
products and designs, distribution, marketing, intellectual capital and
employed talent, as well as all in-force business of FFGI.
The methodology used in determining these ratings is Best’s Credit Rating
Methodology, which provides a comprehensive explanation of A.M. Best’s rating
process and contains the different rating criteria employed in the rating
process. Best’s Credit Rating Methodology can be found at
A.M. Best Company is the world’s oldest and most authoritative insurance
rating and information source. For more information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
A.M. Best Co.
Managing Senior Financial Analyst
(908) 439-2200, ext. 5225
Assistant Vice President
(908) 439-2200, ext. 5201
Senior Manager, Public Relations
(908) 439-2200, ext. 5378
Assistant Vice President, Public Relations
(908) 439-2200, ext. 5644
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