Centriq achieves zaAAA rating from S&P

Following the successful completion of a comprehensive credit rating assessment by Standard & Poor’s Global Ratings, Centriq Insurance Company Ltd has been assigned a ‘zaAAA’ South Africa National Scale Rating.

The rating reflects Centriq’s strong capital position, prudent risk management and disciplined underwriting approach, and underscores the company’s ongoing commitment to financial strength and long-term sustainability in the local insurance market.

Commenting on the announcement, Peter Jennett, CEO of Centriq, said: “This rating is an important independent endorsement of the work our team has done to build a resilient, well-capitalised insurer. It gives our partners, intermediaries and policyholders added confidence in Centriq’s stability and our ability to deliver on our commitments, both now and into the future.”