SINGAPORE, Oct 9 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Beneficial Insurance Limited (BIL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect BIL’s balance sheet strength, which AM Best categorises as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.