QUEBEC CITY, Sept. 18, 2015 /CNW Telbec/ - SSQ, Life Insurance Company Inc. has received reconfirmation of its A.M. Best credit ratings. For a fourth consecutive year, it has received a financial strength rating of "A- (excellent)," as well as an issuer credit rating of "a-". The outlook for both ratings is stable.
"After rigorous analysis by A.M. Best, the rating granted to SSQ, Life Insurance Company Inc. is a testimony to the Company's financial strength and sustained performance. We are proud of this stability and the confidence it inspires in our customers, partners and all of our employees," said Mr. René Hamel, Chief Executive Officer of SSQ Financial Group.
SSQ's leading position in Quebec's group insurance market, consistent and solid earnings, as well as adequate levels of capitalization all contributed to obtaining these credit ratings. The credit rating agency also recognized the Group's efforts in market development outside of Quebec, both in individual insurance and group insurance.
For more information about A.M. Best, please refer to the ambest.com website
About SSQ Financial Group
With a business volume approaching $3 billion and nearly $11 billion in assets under management, SSQ Financial Group is a prominent mutualist diversified financial institution in Canada.
The Group serves over 1 million clients and employs 2,000 employees. SSQ, Life Insurance Company Inc., the Group's principal company, is recognized for its leadership in the group insurance industry and excellence and expertise in the investment and retirement sector. SSQ Financial Group has also made its mark through sustained growth in the home and auto insurance (SSQ General Insurance Company Inc.) and individual insurance (SSQ Insurance Company Inc.) markets.
For more information, visit ssq.ca.
SOURCE SSQ FINANCIAL GROUP
For further information: Danielle Rioux, 1-866-332-3806, [email protected]