American Equity Investment Holding Company was one of the first life insurance companies to announce a charge to cover assessments stemming from the Executive Life Insurance Company of New York (ELNY) liquidation. The American Equity press release indicated that its second quarter financial results would include a pretax charge of up to $8.5 million. American Equity Investment Holding Company is the parent company of the New York domiciled American Equity Investment Life Insurance Company of New York, rated A- by A.M. Best. As reported in Life Health Pro on July 5, 2013, “Other life insurers cannot be far behind with their news”.
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