One America and Shenandoah merging?

Newby · 11-20-2008, 07:09 PM

Does anyone know anything about One America? I hear that they have either bought Shenandoah or are merging with them.

May be good since Shenandoah has been downgraded.

Asource · 11-20-2008, 09:04 PM

"Indianapolis (November 19, 2008) – OneAmerica Financial Partners, Inc. and Shenandoah Life Insurance Company announced today the signing of a letter of intent that describes a proposal to merge the two organizations. Under the proposal, Shenandoah would become a subsidiary of OneAmerica®, joining American United Life Insurance Company, The State Life Insurance Company, Pioneer Mutual Life and R.E. Moulton, Inc. Completion of the merger is expected in mid-2009 after approval of the transaction by eligible policyholders of both companies, and federal and state regulatory authorities."

Markingriffin · 11-23-2008, 04:27 PM

I know they just got downgraded to b+. I want to know if their rating will come back up or stay the same or come down some more.

Is this why they got downgraded? Does anyone know why they were downgraded?

Markingriffin · 11-27-2008, 12:36 PM

Shenandoah Life Insurance - News - Hoover's=

Here is a story that I found on the subject.