Partners Life gets upgraded

The ratings agency has given the life company an A (Excellent) rating.

The rating upgrade factors in rating enhancement from Dai-ichi Life Group and reflects A M Best’s opinion that Partners Life has an excellent ability to meet its ongoing insurance obligations.

Partners Life chief financial officer Stewart Taylor, “it’s been an exciting few months for Partners Life with the completion of the BNZ Life acquisition, the acquisition by Dai-ichi Life, and now the recognition by our rating agency of the underlying strength of our business and the benefit of having a specialist global life insurer as sole owner.”

“We look forward to taking advantage of new opportunities that ownership by Dai-ichi Life will bring.”