Partners Life gets ratings upgrade

Ratings agency AM Best has upgraded Partners Life’s financial strength rating to A- (excellent) from B++ (good).

Friday, March 29th 2019, 9:53AM 1 Comment

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 reflected Partners Life’s balance sheet strength, which it categorised 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,” said 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.”

Tags: Partners Life

« NZ market not big enough for Shariah insuranceAIA rolls out nurse-led application assistance programme »

Special Offers

Comments from our readers

On 3 April 2019 at 11:40 am BayBroker said:
This is great news for clients, advisers and of course the Partners Life team.

Sign In to add your comment

www.GoodReturns.co.nz

© Copyright 1997-2020 Tarawera Publishing Ltd. All Rights Reserved