Insurer Financial Strength
INSURER FINANCIAL STRENGTH
Lumley is a business division of IAG New Zealand Limited (IAG).
IAG has received a financial strength rating of AA- from Standard & Poor’s (Australia) Pty Ltd, an approved rating agency.
A rating of AA- means IAG has a ‘very strong’ claims-paying ability, as you can see in the scale here.
The ratings from ‘AA’ to ‘CCC’ may be modified by the addition of a plus (+)
or minus (-) sign to show relative standing within the major rating categories. The rating scale above is in summary form. A full description of this rating scale can be obtained from www.standardandpoors.com.
THE RATING SCALE IS:
AAA (Extremely Strong) AA (Very Strong)
CCC (Very Weak)
CC (Extremely weak)
SD (Selective Default) D (Default)
R (Regulatory Supervision) NR (Not Rated)