Today: June 26, 2016, 1:44 pm
  
Business

A.M. Best Affirms Ratings of nib nz limited

PR-Inside.com: 2014-09-04 18:02:02

A.M. Best Affirms Ratings of nib nz limited

A.M. Best Company
Jason Shum, +852-2827-3430
Financial Analyst
jason.shum@ambest.com
or
Chi-Yeung Lok, +852-2827-3414
Senior Financial Analyst
chi-yeung.lok@ambest.com
or
Christopher Sharkey, +(1) 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +(1) 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of nib nz limited (nib nz) (New Zealand). The outlook for both ratings is stable.

The rating affirmations reflect nib nz’s strong balance sheet, stable and favorable operating performance, and strong liquidity position.

Offsetting these positive rating factors is the company’s growing underwriting leverage, which is generally higher than its peers.

nib nz is well positioned for the current ratings. Negative rating actions may occur if incorrect underwriting decisions and inadequate product pricing lead to underwriting losses, or there is a deviation from the capital management plan communicated to A.M. Best.

The methodology used in determining these interactive ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Ratings are communicated to rated entities prior to publication, and unless stated otherwise, the ratings were not amended subsequent to that communication.

This rating announcement has been issued by A.M. Best Asia-Pacific Limited, which is a subsidiary of A.M. Best Company. A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Press Information


Published by
Hossam Abdel-Kader
+43 1 9582319
e-mail
www.pr-inside.com/



# 412 Words
Related Articles
 
More From Business
“There’s only one Magno™ Coated, one Magno™ [..]
The Premier Paper Group, the UK’s largest independent paper merchant, has recently launched a customer incentive promotion on [..]
Tulips from Amsterdam for the SKIDATA staff [..]
The Salzburg company SKIDATA racked up a double success in Amsterdam: the first reason to celebrate is the awarding of [..]
FlipBelt Launches Hydration Belt for Runners and [..]
DENVER, CO - RPR - 06/22/16 - FlipBelt announces new version of its wildly popular fitness belt to ensure customers [..]
Where to Book Your Driving Theory Book [..]
Book My Theory Test Online - Book My Theory Test in Jersey Are you located in Jersey and want to [..]
Ferns N Petals moves a step ahead [..]
The company started with a single store and has now come up with more than 200 stores. The online portal [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.