AM Best Places Credit Ratings of Fidelity Life Assurance Company Limited Under Review With Developing Implications benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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AM Best Affirms Credit Ratings of Fidelity Life Assurance Company Limited
January 21, 2021 GMT
SINGAPORE (BUSINESS WIRE) Jan 21, 2021
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Fidelity Life Assurance Company Limited (Fidelity Life) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Fidelity Life’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Zimbabwe: Zimre Acquires Fidelity Life allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
This follows purchase of an additional 35 percent stake in Fidelity.
In September, ZHL tabled a share purchase agreement with shareholders of Fidelity as well as those of property firm, Zimre Property Investment (ZPI) to give the group total control of the two firms.
In a joint statement ZHL and Fidelity said: “Shareholders are advised that Zimre Holdings Limited (ZHL) has acquired a control block in Fidelity Life Assurance Company Limited (FLA) and the full impact thereof is being determined.
“In the meantime shareholders are advised to exercise caution when dealing in the securities of both FLA and ZHL until a full announcement is made.”