A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of New Zealand’s Credit & General Insurance Limited (CGI) and the financial strength rating of “A-” (Excellent) of Consumer Insurance Services Limited (CISL) under review with developing implications.
Best said its rating actions “follow the acquisition of the consumer finance operations of Farmers Holdings Limited by Fisher & Paykel Appliances Holdings Limited, the respective parent companies of CGI and CISL.”
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
Hyundai, Kia Agree to Retrofit 7 Million Vehicles to Address Theft Concerns 
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir 
Son of Ponzi-Accused Georgia Building & Loan Founder Now an Insurance Agent 
