Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
CK Hutchison Unit Launches Arbitration Against Panama Over Port Concessions Ruling 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Instagram Outage Disrupts Thousands of U.S. Users 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
GEORGE TOWN, Cayman Islands , Aug. 03, 2017 -- Knighthead Annuity & Life Assurance Company™ announced today that A.M. Best, the world’s oldest and most authoritative insurance rating and information source, affirmed its financial strength rating of B++ (Good) and issuer credit rating of bbb+ (Good). The outlook for both ratings remains stable.
“We are pleased that for the third year, the A.M. Best Company has confirmed the financial strength of Knighthead Annuity,” stated Gary M. Dombowsky, Chief Executive Officer. “The ratings reflect Knighthead Annuity’s expanding business profile of products and distribution, favourable operating performance, strong capitalization and risk management program. Historically, few companies in the international annuity or investment contract segment either sought or could obtain a rating. Knighthead Annuity is the exception and we are pleased to provide our global clients and their advisors the validation and transparency that accompanies an independent rating. We encourage all stakeholders to review the report,” he added.
About Knighthead Annuity
Knighthead Annuity & Life Assurance Company is an AM Best rated insurer that offers fixed annuity offerings to international clients through regulated institutional distribution partners. Knighthead Annuity maintains capital levels to policyholder liabilities at significantly higher levels than traditional annuity insurers to ensure protection of policyholder assets. www.knightheadannuity.com.
Knighthead Annuity is not licensed to sell products in the United States. Its products are not offered for sale to any resident or citizen of the United States, in the United States or in any other jurisdiction where distribution or use would be contrary to law or regulations. Prospective purchasers should obtain independent financial, legal and tax advice to ensure suitability and adherence to any local regulatory requirements. Ratings are effective June 15, 2016. For up to date rating information, visit www.ambest.com.
Contact Nathan V. Gemmiti: (345) 623-0300 | [email protected]
