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
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
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Chi-Yeung Lok, +852-2827-3414
Senior Financial Analyst
Manager, Public Relations
Assistant Vice President, Public Relations