Best Places Ratings of NZ Insurers Credit & General and Consumer Insurance Under Review
A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of New Zealand’s Credit & General Insurance Limited (CGI) and the financial strength rating of “A-” (Excellent) of Consumer Insurance Services Limited (CISL) under review with developing implications.
Best said its rating actions “follow the acquisition of the consumer finance operations of Farmers Holdings Limited by Fisher & Paykel Appliances Holdings Limited, the respective parent companies of CGI and CISL.”
Popular Today
- Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
- Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
- Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit