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. It is not personal advice and any description of an insurance product or service is not a complete description of all the terms and conditions applicable to the particular insurance product or service. You should consult a qualified adviser for advice on whether the information in this article is suitable for your personal situation and needs. 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.