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Our Insurance Markets & their Financial Security

Marlborough Insurance Brokers Ltd only use reputable insurers with sound financial security ratings. 

The Financial Security and Claims Paying Ability ratings as assessed by Standards & Poors Australasia Pty & A M Best Company of insurers we have available on your behalf are as detailed hereunder:

Rating Scales

The Standards & Poors Financial Security & Claims Paying Ability ratings are as follows:

  “AAA” - Extremely Strong “B” – More Vulnerable
  “AA” - Very Strong “CCC” – Currently Vulnerable
  “A” - Strong “CC” - Highly Vulnerable
  “BBB” - Adequate “R” - Regulatory Supervision
  “BB” - Less Vulnerable    

The inclusion of +/- signs indicate the relative standings within the major rating categories.

The A M Best Company Financial Security & Claims Paying Ability ratings are as follows:

  “A++” - Superior “B” - Adequate  
  “A+” - Superior “C++” - Fair  
  “A” - Excellent “C+” - Fair  
  “A-” - Excellent “C” - Marginal  
  “B++” - Very Good “D” - Very Vulnerable  
  “B+” - Very Good “E” - Under Supervision  

The inclusion of +/- signs indicate the relative standings within the major rating categories.

Important Notes

You understand that We will use all reasonable precautions in choosing an insurance company(ies) and / or insurance underwriting agencies and will advise You of their Financial Security & claims paying rating where required under the Insurance Companies (Ratings and Inspections) Act 1994. You understand that We cannot guarantee the financial status of any company and We do not accept any liability due to the failure of any insurance company.

We will advise you the Financial Security rating of any insurance we place on your behalf at the outset of your insurance contract, however these can change at any stage.  The following LINK maintains full time up to date Financial Security Ratings of all registered New Zealand insurers.
http://www.isu.govt.nz/templates/StandardSummary____22782.aspx


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Insurance Company(ies) We Use

Insurer

Rating

Rating Agency

AA AA Insurance Limited A+ Standard & Poors
 
 
ACE ACE Insurance Limited A Standard & Poors
A M Best
 
 
Allianz Allianz New Zealand Limited A Standard & Poors
 
 
American Home Assurance Co American Home assurance Company – NZ Branch AA+ Standard & Poors
 
 
China Insurance (NZ) Co Ltd China Insurance (NZ) Company Limited B+ A M Best
 
 
EIG-Ansvar NZ Ltd EIG-Ansvar New Zealand Limited A- A M Best
 
 
Lloyds Lloyds A Standard & Poors
A M Best
 
 
Lumley Lumley General Insurance (NZ) Limited A- Standard & Poors
 
 
NZI NZI [a division of IAG NZ Ltd] AA Standard & Poors
 
 
QBE QBE Insurance (International) Limited A+ Standard & Poors
 
 
Sunderland Marine Sunderland Marine Mutual Insurance Co Limited BBB+ Standard & Poors
Vero Vero Insurance (NZ) Limited A+ Standard & Poors
 
 
Vero Liability Vero Liability Insurance Limited A+ Standard & Poors
 
 
Vero Marine Zurich Australian Insurance Limited A Standard & Poors
 

Insurance Underwriting Agency(ies) We Use

Logo Insurer Rating Rating Agency
Agri Risk Agri Risk Services
(an Agency for Farmers Mutual Insurance Ltd)
A- A M Best
 
 
Associated Marine Insurers Associated Marine Insurers Agents Pty Ltd (an Agency for Zurich Australian Insurance Ltd) A Standard & Poors
 
 
Australis Marine

Australis Marine (an Agency for Lumley General)

A Standard & Poors
 
 
Aviation Cooperating Underwriters Ltd Aviation Cooperating Underwriters Ltd
(an agency for Lloyds)
A Standard & Poors
 
 
Axiom Risk Management Ltd Axiom Risk Management Ltd
(an agency for Vero NZ Ltd)
A+ Standard & Poors
 
 
  Bloodstock Underwriters
(an Agency for QBE Insurance)
A Standard & Poors
 
 
Classic Car Insurance Limited Classic Car Insurance Limited
(an agency for Vero NZ Ltd)
A+ Standard & Poors
Club Marine Club Marine
(an agency for Allianz NZ Ltd)
A Standard & Poors
 
 
Contractors Wholesale Insurance Limited Contractors Wholesale Insurance Limited
(an agency for Vero NZ Ltd)
A+ Standard & Poors
 
 
International Underwriting Agencies Ltd International Underwriting Agencies Ltd (an agency for Lloyds) A Standard & Poors
A M Best
 
 
Motor & General Insurance Motor & General Insurance
(an agency for Allianz NZ Ltd)
A Standard & Poors
 
 
National Transport Insurance National Transport Insurance
(a joint venture between CGU Insurance and Vero Insurance Limited)
AA CGU/IAG
A+ Vero
Standard & Poors
 
 
Quadrant Insurance Livestock Group Quadrant Insurance Livestock Group
(an agency for Lloyds)
A Standard & Poors
 
 
Rosser Insurance Services Ltd Rosser Insurance Services Ltd
(An Agency for American International)
AA  
 
 
Star Underwriting Agents Ltd Star Underwriting Agents Ltd
(an agency for Lumley General)
A- Standard & Poors
 
 
TLC Underwriting Agency Ltd TLC Underwriting Agency Ltd (an agency for Lumley General Insurance) A- Standard & Poors
 
 
Trade Credit Bureau Limited Trade Credit Bureau Limited
(an agency for QBE)
A+ Standard & Poors
 
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