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AM Best gives Sovereign an A

Sovereign has been given a financial strength rating of A (Excellent) with a 'positive outlook' by AM Best.

Tuesday, November 11th 2003, 9:59PM
Sovereign has been awarded a financial strength rating of A (Excellent) with a “positive outlook” by AM Best, the world’s oldest and most authoritative insurance rating information source.

"The ‘positive outlook’ attributed to Sovereign by AM Best reflects the solid year of growth Sovereign has achieved in a difficult market and is an indication of another very strong year to come,” Sovereign managing director Simon Swanson says.

"The rating assures our customers, advisers and their clients that Sovereign is one of the most robust financial service providers in New Zealand. We are proud to be consistently considered one of this country’s top rated companies, particularly by such an authoritative global source.

"Under the challenging market conditions over the last few years, Sovereign has been working hard to retain and grow its leadership position in the financial services market over the period," he says.

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