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Article: A.M. Best Affirms Ratings of CIGNA Life Insurance New Zealand Limited.
- Article from:
- Business Wire
- Article date:
- January 4, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of "a-" for CIGNA Life Insurance New Zealand Limited (CIGNA Life) (New Zealand). The outlook on both ratings remains stable.
The ratings reflect the company's favorable level of risk-adjusted capitalization, continued improvement in operation profitability and conservative investment mix. The ratings also acknowledge the prominent market position within its core business lines.
CIGNA Life's risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio, is strong and showing a positive trend. The company's aggregate ...