A.M. Best Co. announced that it has placed the financial strength rating of “A-” (Excellent) of New Zealand’s Consumer Insurance Services Limited (CISL) under review with developing implications.
Best said it “remains concerned about the decline in CISL’s risk-adjusted capitalization due to the continued growth of its underwriting portfolio.” It also explained that the “rating action follows CISL’s recent announcement that it plans to increase its capital to support the continued growth of its underwriting portfolio.”
The rating agency expects to resolve the under review status in the short term.
Topics Commercial Lines
Was this article valuable?
Here are more articles you may enjoy.
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
Michigan Court Sides With Progressive in Policy Misrepresentation Case 
Some College Finals Delayed After Canvas Online Platform Hacked 
Root Inc. Opens 2026 With Best Quarterly Net Income Ever at Nearly $36M 
