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Insurers Financial Strength Rating

InsurerLicense Effective DateA.M. Best
Standard & Poor's

AIG Insurance New Zealand Limited23/11/2011
Allianz Australia Insurance Limited01/01/2013AA-
Berkshire Hathaway Specialty Insurance Company29/06/2015A++AA+
Chubb Insurance New Zealand Limited02/08/2013AA-
IAG New Zealand Limited13/08/2013AA-
Lloyd's of London19/06/2013AA+
QBE Insurance (Australia) Limited18/12/2015A+
The Hollard Insurance Company Pty Ltd (Ando)14/01/2016A-
Vero Insurance New Zealand Limited07/06/2013A+
Vero Liability Insurance Limited07/05/2013A+
Zurich Australian Insurance Limited15/07/2013A+

Insurer Financial Strength Ratings (in summary form)

Standard & Poors(www.standardandpoors.com)A.M. Best(www.ambest.com)
AAA    Extremely Strong
AA      Very Strong
A        Strong
BBB   Good
BB      Marginal
B        Weak
CCC   Very Weak
CC     Extremely Weak
SD     Selective Default
D        Default
R        Regulatory Supervision
NR     Not Rated 
A++   Superior
A        Excellent
B        Fair
C        Weak
D        Poor
E        Under Regulatory Supervision
F        In Liquidation


Plus (+) or Minus (-): these ratings may be modified by the addition of a plus or minus sign to show relative standing within major rating categories.  A full description of the rating scale is available at the individual company websites noted above.

The ratings in the table above are as disclosed to the Reserve Bank on the 23/11/2021.

Please click here for more information and to view the most up to date ratings