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The sale of Allmerica Financial Corp.’s life insurance business will help bolster its property-casualty operations, according to Fitch Ratings.

Fitch, which put the Worcester, Mass.-based company on watch for a possible upgrade, said this will allow the company to focus on its property-casualty insurance operations and eliminate doubts about the possible cash and capital needs the variable annuity and variable life businesses could impose on the rest of the organization.

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