SINGAPORE, March 24 (Bernama-BUSINESS WIRE) -- A.M. Best has
affirmed the financial strength rating of B (Good) and the issuer
credit rating of “bbb” of Partners Life Limited (Partners Life) (New
Zealand). The outlook for both ratings remains stable.
The rating affirmations reflect Partners Life’s adequate balance sheet strength and good business profile in the New Zealand life insurance industry’s adviser channel.
Partners Life continues to hold a moderate amount of capital over its local regulatory capital requirement. In addition, the company’s risk-based capitalization is expected to remain supportive of the current rating level, underpinned by a high quality reinsurance panel and ongoing fundraising initiatives to support its business plan.
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The rating affirmations reflect Partners Life’s adequate balance sheet strength and good business profile in the New Zealand life insurance industry’s adviser channel.
Partners Life continues to hold a moderate amount of capital over its local regulatory capital requirement. In addition, the company’s risk-based capitalization is expected to remain supportive of the current rating level, underpinned by a high quality reinsurance panel and ongoing fundraising initiatives to support its business plan.
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