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29 October 2021

AM Best affirms ratings of Ameriprise Captive Insurance Company


AM Best has affirmed the Financial Strength Rating (FSR) of A+ of RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York.

These companies represent the key life/health (L/H) insurance subsidiaries of Ameriprise Financial, collectively known as Ameriprise Financial Group.

Concurrently, AM Best has affirmed the FSR of A of Ameriprise Captive Insurance Company, a property/casualty subsidiary of Ameriprise.

It said the ratings reflect Ameriprise Financial Group’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM).


More on this story

news
4 December 2023   The rating agency was positive about the captive’s performance.
news
23 November 2023   The insurance company is a captive of Italian company Eni.
news
21 November 2023   The Bermuda-based captive has a strong balance sheet, the rating agency said.

More on this story

news
4 December 2023   The rating agency was positive about the captive’s performance.
news
23 November 2023   The insurance company is a captive of Italian company Eni.
news
21 November 2023   The Bermuda-based captive has a strong balance sheet, the rating agency said.