SINGAPORE, July 29 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Youi NZ Pty Limited (Youi NZ) (New Zealand). The outlook for each rating remains stable.
The rating affirmations reflect Youi NZ’s strong risk-adjusted capitalization, resulting from the company’s low underwriting leverage, its prudent reinsurance program and conservative investments. In addition, actual claims experience during the company’s first two years of operation has been largely consistent with the assumptions it uses in pricing its policies.
http://mrem.bernama.com/viewsm.php?idm=27232
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