OREANDA-NEWS. A.M. Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Vantis Life Insurance Company (Vantis Life) (Windsor, CT) and its wholly owned subsidiary, Vantis Life Insurance Company of New York (Brewster, NY). The under review status follows the announcement that Vantis Life has entered into a definitive agreement to be acquired by Penn Mutual Life Insurance Company (Penn Mutual), subject to regulatory approval. The transaction is expected to close in early 2017.