Kiwibank's life insurer gets ‘a-‘ credit rating from AM Best

Wed, 19 Sep 2012

By Paul McBeth Sept. 20 (BusinessDesk) - State-owned lender Kiwibank's life insurance unit, Kiwi Life Insurance, has been assigned an ‘a-‘ credit rating by AM Best on the strength of the overall group's balance sheet. The rating agency's assessment reflects the insurer's profitable operating performance over the past five years with an average return on equity of 25 percent, and its "status as a member of the New Zealand Post Ltd group of companies, its operating performance and balance sheet strength," AM Best said in a statement. The insur...

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