Nirvana for Sovereign

Sovereign chief executive Symon-Brewis Weston says the ratings, from AM Best, affirm Sovereign’s commitment to sound risk management and financial stability. 

“We are really proud of our continued A+ rating. Insurance is often a long term proposition – advisers and customers should trust that their provider will be there when they need them.

“Not only does our A+ rating confirm Sovereign’s position as New Zealand’s highest-rated life insurance company, it gives added peace of mind to both advisers and customers that we will be there to honour our commitments at claim time.”

A M Best said the rating reflects Sovereign’s strong business profile, supportive risk-adjusted capitalisation, and financial flexibility.