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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
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Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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AM Best Affirms Credit Ratings of Aegon N.V.’s U.S. Subsidiaries

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon N.V. (Netherlands) [NYSE: AEG]. Aegon’s U.S. L/H companies are Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company and referred to collectively as Aegon USA Group (Aegon USA). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Aegon USA’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.

Aegon N.V., Aegon USA’s ultimate parent, announced on Oct. 27, 2022, that it has reached an agreement to sell its Dutch pension, life and non-life insurance, banking, and mortgage origination operations to ASR Nederland N.V. At present time, AM Best expects this transaction to have a minimal impact to the group’s overall U.S. operations and will continue to monitor the developing transaction closely for any significant changes to the overall strategic focus of Aegon USA.

AM Best expects Aegon USA to maintain its very strong balance sheet strength assessment in the near term, with the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). The recent equity market volatility and realized losses in the fixed income portfolio were related to divestments made to protect the liquidity position, which pressured operating performance and drove down the group’s risk-adjusted capitalization. Additionally, the group reported lower fee income as a result of declining

account value balances, which was offset by expense savings and normalization of claims through the most current reporting quarter. Moreover, the mortality experienced as of June 30, 2022, attributed to COVID-19, was less impactful than expected. Earnings volatility continues despite divestment of certain run-off blocks of business, and AM Best notes that Aegon USA’s overall top-line growth has been inconsistent, where direct premium declined in 2021; however, premium has shown signs of a rebound through mid-year 2022.

Aegon USA’s overall business profile remains favorable with a longer-term strategic focus of building a less capital-intensive book of business, driven by targeted growth and strategic exits in certain lines. The group’s diverse product range contributes to operating earnings, which include traditional life, variable life, variable annuities, mutual funds, pensions, and accident and health insurance. The company benefits from good diversification geographically and by product type. Additionally, AM Best views variable annuities with living benefit riders as displaying some of the highest risk characteristics, as well as being vulnerable to tail risks.   

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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