Fidelity Life has had its A- (Excellent) financial strength rating* affirmed by AM Best, marking 29 consecutive years since the company first achieved the rating in 1996.
The insurer says the outlook for the rating is stable and, that according to AM Best, the rating reflects Fidelity Life’s ‘very strong’ balance sheet.
Fidelity Life Chief Financial Officer Simon Pennington highlights the importance of this recognition.
“This A- rating from AM Best is a reassuring endorsement of our business’s financial health and stability. As a life insurer, this independent assessment gives advisers confidence in partnering with us, and for customers, it ensures peace of mind in our ability to pay claims.”
*The company notes that Fidelity Life Assurance Company has an A- (Excellent) financial strength rating from AM Best. “The rating scale that this rating forms part of is available to view at Financial strength rating information | Fidelity Life.”