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 both ratings remains stable.
Youi NZ is a startup non-life insurer that commenced underwriting New Zealand risks in July 2014. The company is wholly owned by Youi Holdings Pty Ltd (Australia), which in turn is controlled by OUTsurance Holdings Limited (South Africa).
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