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APRA releases latest general insurance institution-level figures

Data highlights financial performance, position, and capital adequacy ....

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AM Best Revises Outlooks to Stable for Pacific International Insurance Pty Limited

AM Best Revises Outlooks to Stable for Pacific International Insurance Pty Limited
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AM Best Revises Outlooks to Negative for Pacific International Insurance Pty Limited

AM Best Revises Outlooks to Negative for Pacific International Insurance Pty Limited
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of Pacific International Insurance Pty Limited (Pacific) (Australia).
The Credit Ratings (ratings) reflect Pacific s balance sheet strength, which AM Best categorises as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). These ratings also factor in a neutral holding company impact from Pacific s ultimate ownership by Badger International (Pty) Ltd (Badger), an insurance group domiciled in the Republic of South Africa. ....

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