28-year streak for Fidelity

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Fidelity Life Assurance Company Limited (Fidelity Life Assurance) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.

"The ratings reflect Fidelity Life’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management."

Fidelity Life chief financial officer Simon Pennington says the company has kept this level of rating for 28 consecutive years

 “Life insurance is all about being there for our customers should the unexpected happen. This rating provides our customers, and their advisers, with an expert, independent view of our financial strength and ability to pay their claims,” he says.