Oakhurst’s global credit rating upgraded despite challenging economic times

28 November 2019 Oakhurst Insurance Company Limited

GCR Ratings (“GCR”) has revised Oakhurst Insurance Company Limited’s (“Oakhurst”) national scale financial strength (formerly claims ability) rating to A(ZA) from A-(ZA), with the outlook accorded as Stable.

Oakhurst’s national scale financial strength rating reflects a moderately strong financial profile, which is counterbalanced by a limited business profile.

Oakhurst’s liquidity is strong, as evidenced by stressed financial asset coverage of net technical liabilities of 4.3x (FY18: 3.3x)

Outlook Statement
The stable outlook reflects expectations of stable capitalisation and liquidity strength, while factoring in potential for underwriting profitability to remain at similar levels over the outlook horizon.

Rating triggers
Positive rating action may stem from an enhanced business profile while all other credit protection metrics remain within moderately strong ranges.

“The rating increase is testimony of Oakhurst’s resilience in a very competitive market. This stems from our tenacious, focussed and disciplined approach in establishing long lasting relationships with our business partners and clients. It confirms our strong foundations from which we launch into the future, really caring and delivering on providing soft landings in tough economic times when our clients and partners need it most” comments Simon Phage CEO of Oakhurst Insurance.

Quick Polls


We have watched with interest as each of the country’s large life insurers report their 2021 life claims statistics, with soaring claims and claims values. That got us thinking: how do the big life insurers compare against one another, from an IFA perspective?


An insurer is an insurer is an insurer
All are excellent: would not deal with them otherwise
There is one insurance brand that stands out for me
Tied agent: but my brand is the best out there
fanews magazine
FAnews June 2022 Get the latest issue of FAnews

This month's headlines

A free smoothie does not make a loyal customer
Consequential loss policy court cases
Everything you need to know about death, disability and severe illness cover post-emigration
Are advisers doing all they can for clients’ portfolios?
Financial advisers need help - navigating the complex ESG fund environment
Subscribe now