ACE Insurance SA does it again by maintaining A+ credit rating

International rating agency, Global Credit Ratings (GCR), has maintained ACE Insurance Limited's (ACE SA) domestic ZAR currency claims paying ability rating of A+ (single A plus). The rating denotes a high claims paying ability, with good protection factors.

Speaking of the positive rating, Scott Pickering, CEO of ACE SA assigned credit to the breadth and depth of the current management team, which has both a track record from past experiences and well as sound locally-based strategies.

"In addition," said Pickering, "ACE SA has the added advantage of being able to leverage off the vast expertise and plethora of established products and systems used throughout the group on a global basis. 

"We continue to be bullish about the long term prospects of both the economy and the insurance industry in South Africa, and look forward to maintaining the high standard already achieved."