GCR re-affirms NNAC's rating for 2023/24 year

11 August 2023 New National Assurance Company

In times of uncertainty, it’s important for our policyholders to know that their insurer is able to respond to future calamities by remaining well capitalised, well run and sufficiently liquid.

And that is why I’m happy to announce that for the 2023/24 year, NNAC has had our A(za)rating reaffirmed (with a stable outlook) by Global Credit Ratings (GCR), an affiliate of Moody’s Investor Services. Our ratings assessment was based on the strength of our claims paying ability with a particular emphasis on our capitalisation, our liquidity and our future prospects. This is the 12th consecutive year that we’ve maintained our ‘A’ rating, and it speaks to our ability to perform at the top end of our peer group.

As much as our ‘A’ rating gives our policyholders comfort that as their insurer we’re able to provide for them during their time of need, it should also give you as our intermediary partners confidence in looking forward to our continued working relationship. And if you’re a new or prospective partner, I hope this announcement gives you the confidence to want to begin the journey with us.

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