About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Monday, August 26th, 9:57AM
rss
Latest Headlines

Partners gets ratings upgrade

Friday, March 29th 2019, 9:41AM

Rating agency AM Best has upgraded New Zealand life insurer Partners Life’s Financial Strength Rating from B++ (Good) to A- (Excellent).

It also upgraded Partners Life’s Long-term Issuer Credit Rating to “a-” from “bbb+”. The outlook of these ratings is stable.

AM Best said the ratings reflect Partners Life’s balance sheet strength, which it categorises as very strong, as well as Partners Life’s adequate operating performance, neutral business profile and appropriate enterprise risk management.

“The upgrades to Partners Life’s credit ratings reflect our focus on sound financial management,” says Partners Life Managing Director Naomi Ballantyne.

“Excellent financial management is crucial for a life insurer because we need to be there for individuals, families and New Zealand businesses when claims are made.

“That’s why we are extremely pleased to receive this acknowledgement of the strength of our business.

 

“Since Partners Life was founded in 2010 we’ve grown strongly, reflecting our value proposition for New Zealanders and have helped protect many Kiwi families and businesses by focusing on innovating and developing market-leading products that deliver value to our customers.”

Tags: AM Best Partners Life

« Fidelity Life undecided on health plansAIA donates $100,000 for mental health »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

AIA's shot at a TV ad
AIA New Zealand joins forces with Dame Valerie Adams to help Kiwis live healthier, longer, better lives.

Southern Cross recognised
Southern Cross Health Society has been recognised as one of Australasia’s top 10 ‘Most Innovative Companies’ for BeingWell, its corporate health and wellness programme.

OnePath to disappear
Cigna is intending to combine its two businesses by transferring the OnePath Life insurance business to Cigna Life Insurance New Zealand.

AIA celebrates gender diversity
AIA were among the winners for the first ever Women in Insurance Awards with chief customer officer, Sharron Botica amongst the winners.

News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com