Insurer Financial Strength Ratings

The financial strength ratings of the insurers we place business with in the New Zealand insurance market, along with an explanation of the rating scales used by Standard & Poor's and AM Best.

Current Insurer Ratings

AIG New Zealand Limited

A

Rated by Standard & Poor's

Delta Insurance NZ Limited

AA-

Rated by Standard & Poor's

Ando Insurance Group

A-

Rated by AM Best

Chubb Insurance New Zealand

AA-

Rated by Standard & Poor's

NZI, a business division of IAG New Zealand Limited

AA-

Rated by Standard & Poor's

QBE Insurance (Australia) Limited (NZ Branch)

A+

Rated by Standard & Poor's

Vero Insurance New Zealand Limited

A+

Rated by Standard & Poor's

Dual New Zealand

AA-

Rated by Standard & Poor's

Zurich New Zealand

A+

Rated by Standard & Poor's

360 Commercial Limited

A

Rated by Standard & Poor's

Insurance Underwriter New Zealand

AA-

Rated by Standard & Poor's

Ratings are provided by the respective rating agencies and are subject to change. Please refer to the rating agency websites below for the most current information.

Standard & Poor's

AAAExtremely Strong
AAVery Strong
AStrong
BBBGood
BBMarginal
BWeak
CCCVery Weak
CCExtremely Weak
SDSelective Default
DDefault
RRegulatory Supervision
NRNot Rated

The ratings from “AA” to “CCC” may be modified by the addition of a plus (+) or minus (−) sign to show relative standing within the major rating categories. The rating scale above is in summary form.

Full scale at standardandpoors.com

AM Best

A++, A+Superior
A, A-Excellent
B++, B+Fair
C++, C+Marginal
C, C-Weak
DPoor
EUnder Regulatory Supervision
FIn Liquidation
SSuspended

Ratings from “A” to “C” may be enhanced with a “++” (double plus), “+” (plus) or “-” (minus) to indicate whether credit quality is near the top or bottom of the category.

Full scale at ambest.com

Outlook

Positive

Indicates possible rating upgrade due to favourable financial/market trends relative to the current rating level.

Negative

Indicates possible rating downgrade due to unfavourable financial/market trends relative to the current rating level.

Stable

Indicates low likelihood of a rating change due to stable financial/market trends.

Have Questions About Insurer Ratings?

We're happy to help you understand what these ratings mean for your cover and how we select insurers for our clients.