SINGAPORE, May 26 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Kiwi Insurance Limited (Kiwi) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The
ratings reflect Kiwi’s strong risk-adjusted capitalization, favorable
operating performance and conservative investment portfolio. As an
affiliated company of New Zealand Post Limited (NZPL)
and Kiwibank, Kiwi is able to benefit from cross-selling opportunities,
low acquisition costs and shared resources within the group.
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