Ability Insurance, a wholly owned life and annuity subsidiary of Mount Logan Capital, received an AM Best financial strength rating of B+ with a stable outlook.
AM Best also assigned Ability a long-term issuer credit rating of bbb- with a stable outlook, giving the unit an investment-grade credit profile.
The ratings cite balance sheet strength, operating performance, business profile, and enterprise risk management.
The action highlights improved capital position and surplus at Ability since its 2021 acquisition.
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