SINGAPORE, Jan 16 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed
the Financial Strength Rating of B (Fair) and the Long-Term Issuer
Credit Rating of “bb” of Quest Insurance Group Limited (Quest) (New
Zealand). The outlook of these Credit Ratings (ratings) remains stable.
The ratings reflect Quest’s favorable risk-adjusted capitalization, low product risk profile and positive operating results. A.M. Best expects Quest’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), to remain adequate in supporting its near-term business growth plans. Overall operating results have been consistently positive, stemming from contributions from Quest’s large investment portfolio, relative to its premium revenue.
http://mrem.bernama.com/viewsm.php?idm=28276
The ratings reflect Quest’s favorable risk-adjusted capitalization, low product risk profile and positive operating results. A.M. Best expects Quest’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), to remain adequate in supporting its near-term business growth plans. Overall operating results have been consistently positive, stemming from contributions from Quest’s large investment portfolio, relative to its premium revenue.
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