Auto & General Insurance awarded an –AA credit rating

19 June 2014 Leon Vermaak, Auto & General Insurance

International credit rating agency, Global Credit Ratings (GCR), has awarded Auto & General Insurance with a claims paying ability rating of AA-. The rating signifies a very high claims paying ability, with strong protection factors.

The AA- rating is positively impacted by Auto & General Insurance’s strong market positioning, as well as its status as being a strong brand within its Group.

According to Leon Vermaak, CEO of Auto & General Insurance: “Our global credit rating has an enormous impact on Auto & General Insurance as it provides an independent and internationally recognised measurement of our financial strength. The process also presents a useful management tool as it provides management with a knowledgeable, independent, third party opinion on Auto & General Insurance and its operations. We are extremely pleased to have been awarded a rating of AA-.”


Quick Polls


The shocking crime and motor vehicle accident statistics shared during a recent SHA presentation suggests that group personal accident and personal accident cover are a no-brainer. Do you agree?


Not sure
fanews magazine
FAnews April 2024 Get the latest issue of FAnews

This month's headlines

FAIS Ombud lashes broker for multiple compliance blunders
TCF… a regulatory misfit initiative?
The impact of NHI on medical malpractice insurance
Fixed versus variable: can you have your cake and eat it too?
The future world of work
Subscribe now