AMI is a business division of IAG New Zealand Limited, which has received a financial strength rating of AA- from Standard and Poor’s (Australia) Pty Ltd.
AMI Insurance Limited received a Standard & Poor's (Australia) Pty Ltd financial strength rating of AA-.
This means we have a 'Very Strong' claims paying ability, as you can see in the scale below. As a customer, this is important to you as it's your reassurance that we will be able to pay your claims now and in the future.
The rating scale is:
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. A full description of this rating scale can be obtained from www.standardandpoors.com.
In its half yearly Solvency Return filed with the Reserve Bank of New Zealand, IAG New Zealand Limited had a Solvency Margin as at 31 December 2016 as follows:
|Life $M||Non-Life $M||Total $M|
|Actual Solvency Capital||0.1||580.1||580.2|
|Minimum Solvency Capital||0.1||443.9||444.0|
|Actual Solvency Capital|
|Minimum Solvency Capital|
Qualifying Financial Entity (QFE) Disclosure
AMI is part of the IAG New Zealand Limited QFE Group. IAG New Zealand Limited is a Qualifying Financial Entity under the provisions of the Financial Advisers Act 2008.Qualifying Financial Entity (QFE) Disclosure