Release date- 30082019 - AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of 'aa-' of
AIA New Zealand Limited (
AIA New Zealand) (New Zealand), formerly known as Sovereign Assurance Company Limited.
The credit ratings agency also affirmed the insurance financial strength ratings of
AIA Co Ltd and
AIA International Ltd at Aa2.
The rating affirmations reflect
AIA's very strong business profile, consistently favourable operating profitability, prudent investment approach and very strong capital position.
The American Property Casualty Insurance Association will begin the new year housing both PCI and
AIA members, representing nearly 60 percent of the U.S.
The decision was made at the regular meeting of the Supervisory Board due to the fact that a number of insurance intermediaries have already become members of
AIA and there is a need for a structure that will deal with insurance intermediaries, according to the message.
AIA achieved excellent growth in value of new business with an increase of 28 percent, reaching a new high of $3.512 billion.
The unit,
AIA Financial Advisers (
AIA FA), will operate as a wholly owned subsidiary of
AIA Singapore that will be led by Tan Chuan How.
Curry, Curry Boudreaux Architects (
AIA Texas Society of Architects)
* Secretary/ Treasurer Brian Cabunac,
AIA of Jackson