SINGAPORE, July 18 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Foundation Life (NZ) Limited (FLNZ) (New Zealand). The outlook for each rating remains negative.
The ratings reflect FLNZ’s strong risk-adjusted capitalization, consistently positive operating performance, high quality investment assets and adequate liquidity to meet its expected claims and expenses. Moreover, a significant buffer in the form of excess assets over guaranteed liabilities is available to absorb potential unfavorable experiences through adjusting future bonus declarations of its participating policies.
No comments:
Post a Comment