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Financial Strength
Rating

Mitsui Sumitomo Insurance Company, Limited - Financial Strength Rating 

Mitsui Sumitomo Insurance Company, Limited has a financial strength rating of A+ (Stable) given by S&P Global Ratings.

The Standard & Poor's rating scale is: 

AAA (Extremely Strong)
AA (Very Strong)
A (Strong)
BBB (Good)
BB (Marginal)
B (Weak)
CCC (Very Weak)
CC (Extremely Weak)
R (Under Regulatory Supervision)
SD (Selective Default)
D (Default)
NR (Not Rated)

The rating may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

Further information on the S&P Global ratings is available  here.

The Hollard Insurance Company Pty Ltd – Financial Strength Rating and Overseas Policyholder Preference Disclosure Notice

The Hollard Insurance Company Pty Ltd has a financial strength rating of A (Strong) issued by Standard and Poor's.

The Standard & Poor's rating scale is: 

AAA Extremely Strong

CCC Very Weak

AA Very Strong

CC Extremely Weak

A Strong

C Selective Default

BBB Good

D Default

BB Marginal

 

B Weak

 

The rating may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

The rating scale above is in summary form.

A full description of this rating scale can be obtained from www.standardandpoors.com.

An overseas policyholder preference applies. Under Australian law, if The Hollard Insurance Company Pty Ltd is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on The Hollard Insurance Company Pty Ltd’s Australian assets to satisfy New Zealand liabilities.

Tower Limited has a financial strength rating of A- (Excellent) issued by A.M. Best Company Inc.

The rating scale in summary form is: 

A++, A+ (Superior)                C++, C+ (Marginal)                                       E (Under Regulatory Supervision)
A, A- (Excellent)                      C, C- (Weak)                                                       F (In Liquidation)
B++, B+ (Good)                       D (Poor)                                                               S (Suspended) 
B, B- (Fair)                                                   

Further information on these ratings is available here.

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