Trafalgar Insurance brokers
Our Insurance Markets & their Financial Security
Trafalgar Insurance Brokers Ltd only use reputable insurers with sound financial security ratings.
The Financial Security and Claims Paying Ability ratings as assessed by Standards & Poors Australasia Pty & A M Best Company of insurers we have available are as detailed hereunder:
Rating Scales
The Standards & Poors Financial Security & Claims Paying Ability ratings are as follows:
| |
“AAA” |
- Extremely Strong |
“B” |
– More Vulnerable |
| |
“AA” |
- Very Strong |
“CCC” |
– Currently Vulnerable |
| |
“A” |
- Strong |
“CC” |
- Highly Vulnerable |
| |
“BBB” |
- Adequate |
“R” |
- Regulatory Supervision |
| |
“BB” |
- Less Vulnerable |
|
|
The inclusion of +/- signs indicate the relative standings within the major rating categories.
The A M Best Company Financial Security & Claims Paying Ability ratings are as follows:
| |
“A++” |
- Superior |
“B” |
- Adequate |
|
| |
“A+” |
- Superior |
“C++” |
- Fair |
|
| |
“A” |
- Excellent |
“C+” |
- Fair |
|
| |
“A-” |
- Excellent |
“C” |
- Marginal |
|
| |
“B++” |
- Very Good |
“D” |
- Very Vulnerable |
|
| |
“B+” |
- Very Good |
“E” |
- Under Supervision |
|
The inclusion of +/- signs indicate the relative standings within the major rating categories.
Important Notes
You understand that We will use all reasonable precautions in choosing an insurance company(ies) and / or insurance underwriting agencies and will advise You of their Financial Security & claims paying rating where required under the Insurance Companies (Ratings and Inspections) Act 1994. You understand that We cannot guarantee the financial status of any company and We do not accept any liability due to the insolvency of any insurance company.
We will advise you the Financial Security rating of any insurer with whom we place on your behalf at the outset of your insurance contract, however these ratings can change at any stage. The following LINK maintains full time up to date Financial Security Ratings of all registered New Zealand insurers.
http://www.isu.govt.nz/templates/StandardSummary____22782.aspx |