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TMCNet:  Fitch Withdraws Transamerica Advisors Life Insurance Company of New York's 'AA-' IFS Rating

[September 04, 2014]

Fitch Withdraws Transamerica Advisors Life Insurance Company of New York's 'AA-' IFS Rating

NEW YORK --(Business Wire)--

Fitch Ratings has withdrawn the 'AA-' Insurer Financial Strength (IFS) rating for Transamerica (News - Alert) Advisors Life Insurance Company of New York (TALICNY) as a result of the company's merger with the surviving entity, Transamerica Financial Life Insurance Company (TFLIC). Aegon N.V. is the parent company for both U.S. insurance operating subsidiaries. The merger was finalized on July 1, 2014.

Transamerica Advisors Life Insurance Company of New York

--Long-term IFS ratings has been withdrawn at 'AA-'.

The Ratings Outlook is Negative.

Additional information is available on www.fitchratings.com.

Applicable Criteria and Related Research:

--'Insurance Rating Methodology' (Nov. 13, 2013)

Applicable Criteria and Related Research:

Insurance Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=723072

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=864735

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.


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