A.M. Best Co. has affirmed the issuer credit rating (ICR) of “a” of the non-operating holding company, AVIVA plc, and the financial strength rating (FSR) of ‘A+’ (Superior) and the ICR of “aa-” of its rated subsidiaries. Best also assigned an FSR of ‘A+’ (Superior) and an ICR of “aa-” to AVIVA’s main European entities. The ratings of a number of debt securities issued by AVIVA plc also have been affirmed. “The ratings of AVIVA and its subsidiaries reflect the group’s broader degree of geographical diversification, robust financial performance and excellent capitalization with significant use of subordinated debt and value of in-force business,” said Best. The rating agency also noted that AVIVA is the largest insurance group in the UK and the “fifth largest worldwide by gross premiums written, with top 10 positions in several European markets.”
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
