Partners Life Financial Strength Rating Upgraded to 'A-' by AM Best

Partners Life Financial Strength Rating Upgraded to 'A-' by AM Best
We are delighted to announce that as of the 29th March 2019, global credit rating agency A.M. Best has upgraded Partners Life’s Financial Strength Rating to A- (Excellent) from B++ (Good), and has upgraded Partners Life’s Long-term Issuer Credit Rating to 'a-' from 'bbb+'. The outlook of these ratings is stable.

AM Best said the ratings reflect Partners Life’s balance sheet strength, which it categorises as very strong, as well as Partners Life’s adequate operating performance, neutral business profile and appropriate enterprise risk management.

BestMark

Partners Life Managing Director, Naomi Ballantyne says
“The upgrades to Partners Life’s credit ratings reflect our focus on sound financial management. 

Excellent financial management is crucial for a life insurer because we need to be there for individuals, families and New Zealand businesses when claims are made. That’s why we are extremely pleased to receive this acknowledgement of the strength of our business.

Since Partners Life was founded in 2010 we’ve grown strongly, reflecting our value proposition for New Zealanders and have helped protect many Kiwi families and businesses by focusing on innovating and developing market-leading products that deliver value to our customers.”

For the latest rating, access ambest.com

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