SINGAPORE, March 16 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Fidelity Insurance Limited (Fidelity Insurance) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Fidelity Insurance’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also factor in a neutral impact from the company’s ultimate ownership by Fidelity Life Assurance Company Limited (Fidelity Life Assurance).
