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.
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Axios Software Tool Used by Millions Compromised in Hack 
Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk 
