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.

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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