News Column

A.M. Best Affirms Ratings of nib nz limited

September 4, 2014



HONG KONG--(BUSINESS WIRE)-- A.M. Besthas affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of ďa-Ē of nib nz limited (nib nz) (New Zealand). The outlook for both ratings is stable.

The rating affirmations reflect nib nzís strong balance sheet, stable and favorable operating performance, and strong liquidity position.

Offsetting these positive rating factors is the companyís growing underwriting leverage, which is generally higher than its peers.

nib nz is well positioned for the current ratings. Negative rating actions may occur if incorrect underwriting decisions and inadequate product pricing lead to underwriting losses, or there is a deviation from the capital management plan communicated to A.M. Best.

The methodology used in determining these interactive ratings is Bestís Credit Rating Methodology, which provides a comprehensive explanation of A.M. Bestís rating process and contains the different rating criteria employed in the rating process. Bestís Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Ratings are communicated to rated entities prior to publication, and unless stated otherwise, the ratings were not amended subsequent to that communication.

This rating announcement has been issued by A.M. Best Asia-Pacific Limited, which is a subsidiary of A.M. Best Company. A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.





A.M. Best Company

Jason Shum, +852-2827-3430

Financial Analyst

jason.shum@ambest.com

or

Chi-Yeung Lok, +852-2827-3414

Senior Financial Analyst

chi-yeung.lok@ambest.com

or

Christopher Sharkey, +(1) 908-439-2200, ext. 5159

Manager, Public Relations

christopher.sharkey@ambest.com

or

Jim Peavy, +(1) 908-439-2200, ext. 5644

Assistant Vice President, Public Relations

james.peavy@ambest.com



Source: A.M. Best Company


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