Business written using our New Zealand licence will be supported and managed by our Australian Branch, whose team includes specialist underwriters who have relevant experience and expertise in the New Zealand market. We are looking for opportunities to grow our footprint in the specialty insurance segment in New Zealand.
Our business offering is divided into 2 areas being Delegated Authority Business and Open Market Single Risks:
Standard and Poor's has assigned to HDI Global Specialty SE the Financial Strength Rating of 'A+' (Outlook
Stable) as of : 18 October 2021.
The Standard & Poor's rating scale is:
AAA Extremely Strong
AA Very Strong
A Strong
BBB Good
BB Marginal
B Weak
CCC Very Weak
CC Extremely Weak
R Regulatory Action
The rating 'AA' to 'CCC' may be modified by the addition of a plus or minus sign to show relative standing with the
major rating categories.
A.M. Best has assigned to HDI Global Specialty SE the Financial Strength Rating of “A” (Outlook
Positive) as of 12 November 2021.
The AM Best rating scale is:
A++, A+ (Superior)
A, A- (Excellent)
B++, B+ (Good)
B, B- (Fair)
C++, C+ (Marginal)
C, C- (Weak)
D (Poor)
E (Under Regulatory Supervision)
F (In Liquidation)
S (Suspended)
As at 31 December 2021, our solvency as filed with the Reserve Bank of New Zealand is as follows:
Actual Solvency Capital (NZD) |
621,048,000 |
Minimum Solvency Capital (NZD) | 204,247,000 |
Solvency Margin (NZD) | 416,801,000 |
Solvency Ratio
|
3.04 |