SINGAPORE, March 6 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of BNZ Life Insurance Limited (BNZ Life) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect BNZ Life's very strong risk-adjusted capitalization and operating performance. In addition, the company has a good profile with competitive advantages in its distribution channel. As an affiliated company of Bank of New Zealand Limited, BNZ Life has low distribution costs and benefits from a banking network with branches nationwide.
The ratings reflect BNZ Life's very strong risk-adjusted capitalization and operating performance. In addition, the company has a good profile with competitive advantages in its distribution channel. As an affiliated company of Bank of New Zealand Limited, BNZ Life has low distribution costs and benefits from a banking network with branches nationwide.
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