NEW YORK--(BUSINESS WIRE)--On January 29, 2020, Kroll Bond Rating Agency (KBRA) assigned issuer ratings of BBB to Kuvare US Holdings, Inc. (KUS) and Kuvare UK Holdings Limited (KUK), as well as insurance financial strength ratings (IFSRs) of A to its subsidiaries Lincoln Benefit Life Company (LBL) and United Life Insurance Company (ULIC), and an IFSR of A- to Kuvare Life Re Ltd. (KLR). In addition, KBRA has upgraded the IFSR of Guaranty Income Life Insurance Company (GILICO) to A from A-. The Outlook on all ratings is Stable.
Kuvare is a growing, technology-enabled financial services platform focused on providing financial solutions to the underserved middle market. Through its retail business, Kuvare offers households in this segment a range of accumulation, protection, and health products sold through distribution partners in multiple channels and enhanced through its digital strategy and operating model. Kuvare also offers reinsurance protection solutions to the institutional markets.
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Disclosures
Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.
A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.
Information on the meaning of each rating category can be located here.
Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.
About KBRA
Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.
