A.M. Best has downgraded the financial strength rating to B (Fair) and the issuer credit rating to "bb+" (Fair) of Brightsideco Insurance Limited (BIL). The outlook for both ratings is stable.
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 31 December 2018 as follows:
| $NZD '000 | |
| Actual Solvency Capital | 7,140 |
| Minimum Solvency Capital | 4,706 |
| Solvency Margin | 2,434 |
| Solvency Ratio | 152% |
These disclosures apply equally to its Aggregate requirements.