Following the issuance, surplus notes represent 20% of consolidated statutory surplus. As a result of the added leverage, the notching between NMIC's IFS rating and its surplus note rating was widened ...

OLDWICK, N.J.--(BUSINESS WIRE)--A notable increase in surplus note issuances by the U.S. life/annuity (L/A) segment between 2014-2017 drove an overall modest rise by insurance companies industrywide, ...

Massachusetts Mutual Life Insurance Company Announces Launch of Private Exchange Offers for Any and All of Its Outstanding 5⅝% Surplus Notes due 2033, 8⅞% Surplus Notes due 2039, 5⅜% Surplus Notes due ...

June 11 - Standard & Poor's Ratings Services said today that it assigned its 'A+' rating to Ohio National Life Insurance Co.'s (ONLIC; AA/Negative/--) $250 million surplus notes. The notes have a ...