Best Named First Rating Agency Approved in New Zealand

A.M. Best Asia Pacific Ltd has become the first rating agency to be approved by the Reserve Bank of New Zealand under the conditions of the Insurance (Prudential Supervision) Act 2010. The registration became effective on April 15, 2011.

Susanna Lam, Managing Director of A.M. Best Asia Pacific, commented: “This registration reflects our strong commitment to the New Zealand insurance market and is key to the development of our rating services in Australasia.

New Zealand will continue to be an important market for us as we broaden our specialist insurance-ratings coverage throughout the Asia Pacific region.”

Source: A.M. Best