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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