(The following statement was released by the rating agency)
CHICAGO, August 03 (Fitch) Fitch Ratings has placed the ratings
of CNO Financial
Group Inc. (CNO) on Rating Watch Negative. The rating action
follows recent
reports of links between Beechwood Re Ltd. (Beechwood), a
reinsurer of CNO
Financial Group, Inc.'s (CNO) closed block long-term care
business, and Platinum
Partners, a hedge fund that is currently under investigation by
federal
authorities and is reportedly in the process of li
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