| A.M. best places has placed Primerica Life Insurance Company under review |
| News - Financial News |
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--(www.FinancialNewsUSA.com)-- 11/11/2009 - US Market industry news provided by Financial News USA. A.M. Best Co. has placed under review with negative implications the financial strength rating of A+ (Superior) and issuer credit ratings of "aa-" of Primerica Life Insurance Company and its subsidiaries, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada . These actions follow the recent announcement by Citigroup Inc. that it has filed a registration statement for an initial public offering (IPO) of Primerica, Inc., the newly established holding company for Primerica Life and affiliates. A.M. Best expects Citigroup to divest completely of Primerica, Inc. soon after the IPO's completion, which is planned for early 2010. Prior to the completion of the offering, Primerica, Inc. will enter into four coinsurance agreements with three affiliates of Citigroup, where the vast majority of Primerica Life's term life insurance policies inforce as of December 31, 2009 will be ceded to Citigroup. The reinsurance transactions will include the transfer of a substantial portion of Primerica Life's reserves and assets. The ratings will remain under review pending the successful completion of the IPO and A.M. Best's discussions with management regarding Primerica Inc.'s future operating projections, investment portfolio and capital structure. About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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