Amalgamated Life Insurance Company receives 46th “A” (Excellent) rating from AM Best
WHITE PLAINS, NY, September 29, 2021 / PRNewswire / – Merged life insurance company (www.amalgamatedbenefits.com), a leading provider of comprehensive insurance solutions, has its 46th anniversaryNS Continuous “A” (Excellent) rating from AM Best Company, a full service credit scoring organization dedicated to the insurance industry. The rating “A” confirms the stable outlook and the strong financial position of the company. Employers, plan sponsors, brokers, and consultants rely on this assessment when choosing a source of insurance.
President and CEO of the merged life insurance company Paul Mallen explained: “We have consistently maintained high standards in all areas of our business activity, from financial management to customer service to claims payment. Our good reputation as a reliable resource for planning sponsors in the corporate and work segment is based on our high performance, which we achieve through continuous Benchmarking against key performance indicators. This, along with prudent financial and investment strategies, has enabled Amalgamated Life to maintain excellence in our overall operations. “
This leadership is evident in the measures Mallen and his leadership team implemented during the pandemic. The company consolidated and redesigned its corporate headquarters in White planesAchieve cost savings, a more efficient workplace, and employee wellbeing goals. Fulfilling these goals has a direct impact on the company’s employees and the valuable services it provides to its customers and their members.
About Amalgamated Life Insurance Company
Founded in 1943, Amalgamated Life Insurance Company has since grown to become a leading provider of comprehensive insurance solutions with operations in all 50 states and the District of Columbia. The company offers competitive group products including Term Life, Medical Stop Loss, Disability and Specialty Drug Cost Management, as well as voluntary products such as Accidental, Accidental Death and Dismemberment, Critical Illness, Dentistry, Disability, Hearing, ID Theft, Legal, Wearable Term Life and Whole Life, among others. Since 1975, Amalgamated Life Insurance Company has consistently received an “A” (Excellent) rating from AM Best Company, which attests to its strong tax position. The company is a member of the Amalgamated Family of Companies; what also includes: an external administrator, Amalgamated Employee Benefits Administrators; Amalgamated Medical Care Management, a medical care management company; Amalgamated Agency, a property and liability insurance broker; and AliGraphics, a printing company.
SOURCE Amalgamated life insurance company