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.

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