SINGAPORE, March 4 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Momentum Life Limited (Momentum Life) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
As a start-up insurer, having commenced risk-bearing operations for the first time in March 2018, Momentum Life has a limited track record of operation. Consequently, AM Best’s assessment of the company’s rating fundamentals is principally forward looking in nature.