KUALA LUMPUR, March 9 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of BNZ Life Insurance Limited (BNZ Life) (New Zealand). The outlook for both ratings remains stable.
The rating affirmations reflect BNZ Life’s favorable balance sheet strength and consistently strong operating performance relative to the industry average. As an affiliated company of Bank of New Zealand Limited (BNZ Bank), BNZ Life benefits from a lower distribution cost than the independent financial advisors channel, as well as BNZ Bank’s strong brand recognition.
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