1 June, 2014
The Insurance (Prudential Supervision) Act 2010 requires licensed insurers to have a current financial strength rating that is given by an approved rating agency.
Standard & Poor's Ratings Services have endorsed the strong financial position of Vero Insurance New Zealand Limited and Vero Liability Insurance Limited by re-affirming the A+ (Strong) Insurer Financial Strength Rating for both companies. The rating outlook is stable.
In its annual Solvency Return filed with the Reserve Bank of New Zealand as at 30 June 2014, Vero Insurance New Zealand Limited had a solvency margin of $99.248 million.
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The information in this article has been compiled from various sources and is intended to be factual information only. Full details of policy terms and conditions are available from Vero Insurance New Zealand Limited or your financial adviser. For advice on product suitability, please contact your financial adviser. While we take reasonable steps to ensure that the information contained in this article is accurate and up-to-date, it is subject to change without notice. Vero Insurance New Zealand and its related companies does/do not accept any responsibility or liability in connection with your use of or reliance on this article.