Release date- 30082019 - AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of 'aa-' of AIA
New Zealand Limited (AIA
New Zealand) (New Zealand), formerly known as Sovereign Assurance Company Limited.
The credit ratings agency also affirmed the insurance financial strength ratings of AIA
Co Ltd and AIA
International Ltd at Aa2.
The rating affirmations reflect AIA
's very strong business profile, consistently favourable operating profitability, prudent investment approach and very strong capital position.
The American Property Casualty Insurance Association will begin the new year housing both PCI and AIA
members, representing nearly 60 percent of the U.S.
The decision was made at the regular meeting of the Supervisory Board due to the fact that a number of insurance intermediaries have already become members of AIA
and there is a need for a structure that will deal with insurance intermediaries, according to the message.
achieved excellent growth in value of new business with an increase of 28 percent, reaching a new high of $3.512 billion.
The unit, AIA
Financial Advisers (AIA
FA), will operate as a wholly owned subsidiary of AIA
Singapore that will be led by Tan Chuan How.
Stephen "Stef" Zielezienski, AIA
senior vice president and general counsel, and Joe DiGiovanni, senior vice president for state affairs.
"We thank Leigh Ann for the dynamic and energetic leadership she provided during her tenure as president and CEO of the AIA
," said AIA
's chairman and The Hartford's chairman & CEO Christopher Swift.
Curry, Curry Boudreaux Architects (AIA
Texas Society of Architects)
* Secretary/ Treasurer Brian Cabunac, AIA