A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit ratings of bbb+ of Fidelity & Guaranty Life Insurance Co. (FGL) and its wholly owned subsidiary, Fidelity & Guaranty Life Insurance Co. of New York of Purchase, N.Y.
The outlook for all ratings for the Baltimore, Md.-based parent company is “stable.”
On April 6, 2011, FGL was acquired by Harbinger Group Inc (HGI) [NYSE: HRG], a diversified holding company that is majority owned by funds associated with Harbinger Capital Partners. Previously, FGL represented the U.S. lif
