A.M. Best has placed under review with negative implications the financial strength rating of B (Fair) and the issuer credit rating of "bb+" (Fair) of Brightsideco Insurance Limited (BIL).
For more information on:
- A.M. Best's ratings for Brightsideco Insurance Limited can be found here.
- A.M. Best's Financial Strength Ratings can be found here.
- A.M. Best's Issuer Credit Ratings can be found here.
- A.M. Best as a global credit rating agency can be found here.
Solvency Disclosures
Brightsideco Insurance’s solvency was disclosed in its last financial statements as at 30 June 2022:
$NZD '000 | |
Actual Solvency Capital | 9,159 |
Minimum Solvency Capital | 3,551 |
Solvency Margin | 5,608 |
Solvency Ratio | 258% |
These disclosures apply equally to its Aggregate requirements.