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28 April 2017
Fitch has given New Zealand-based Manchester Unity Friendly Society a BB- rating and a stable outlook.
It is the first time the ratings agency has given Manchester Unity a rating.
Fitch says the life insurer’s limited franchise, mutual status and declining membership are reflected in the rating.
“Offsetting the constraining factors is the support of its loyal membership base, low-risk insurance exposures and conservative investment portfolio,” it says.
Manchester Unity has a market share below 1% in New Zealand.
It underwrites simple medical and funeral plans that provide low-cost cover to members.
Fitch expects premium volume to fall due to the insurer’s declining membership, which stands at about 14,000.
The average duration of policyholder liabilities is about 11 years.
28 April 2017
This is a rare opportunity to be a part of TIO, and lead our NT commercial business to achieve continued success and growth.
18 April 2017
The successful applicant will be responsible for all ANZ Claims (ie direct) related strategic procurement for bodily injury (ie providers of services relating to health, recovery and injury management) and investigations (ie providers of investigative services).
11 April 2017
Westlawn Insurance Brokers is an established and respected local company with nine branches across Northern NSW. We are looking for an Insurance professional with drive and commitment to join our Lismore team.