A.M. Best Comments on Credit Ratings of Provident Insurance Corporation Limited After Co-op Acquisition

SINGAPORE–(BUSINESS WIRE)–A.M. Best has commented that the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Provident Insurance Corporation Limited (Provident) (New Zealand) remain unchanged. The outlook of these Credit Ratings (ratings) remains stable. This commentary follows Provident acquiring the business assets of Credit Union Insurance Limited (New Zealand) (Co-op), Provident’s current underwriter for motor vehicle insurance. The preliminary sta