Ratings agency AM Best explains why it has left Sovereign's financial strength rating unchanged as well as outlining its views on the company's financial position and its distribution strategy.
AM Best has reissued Sovereign's Financial Strength Rating at the A+ (Superior) level for the ninth consecutive year. It says the rating reflects Sovereign’s strong risk-adjusted capitalisation, good operating performance and favorable business profile.
It says that despite a high dividend payout ratio, the company’s risk-adjusted capitalisation is expected to remain supportive of the current ratings, underpinned by a relatively low premium growth rate, robust earnings derived from in-force business and stable investment returns...MORE»
Thursday, December 22nd, 3:14PM
Wouldn’t it be nice if there were some reasonably priced financial risk transference available to you for the hazards of the holidays?MORE»
Wednesday, December 21st, 6:00AM
A protracted legal battle over AXA's refusal to pay out on the life insurance policy of a murdered Bangladeshi migrant is heading back to court after the Court of Appeal overturned the High Court's summary judgment against payment.MORE»
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Fidelity Life's new chief executive Nadine Tereora has made a number of key management changes to prepare the company for the future.MORE»
Russell Hutchinson draws inspiration from a Canadian advice business and provides some ideas about how to become a really good and busy adviser.MORE»