A.M. Best Comments on Credit Ratings of The Wawanesa Mutual Insurance Company Following Agreement to Acquire Western Financial Group

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has commented that the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of The Wawanesa Mutual Insurance Company (Wawanesa) (Winnipeg, Manitoba, Canada), remain unchanged following the announcement by Wawanesa’s subsidiary, Trimont Financial Ltd. (Trimont), that it has agreed to acquire Western Financial Group and Western Life Assurance Company from the Desjardins Group. The outlooks of the