NIBA Insurance Adviser Magazine Apr-May 2026

INSURER STRENGTH RATINGS

S&P Global Insurer Financial Strength Ratings

AUSTRALIA

RATING

NON-LIFE INSURERS AAI Ltd.

AA-/STABLE A/STABLE A+/STABLE AA-/STABLE AA-/STABLE AA+/STABLE AA/STABLE AA-/STABLE AA-/STABLE AA/STABLE AA/STABLE A/STABLE A+/STABLE A/STABLE AA-/STABLE AA-/STABLE AA-/STABLE A+/STABLE

Achmea Schadeverzekeringen N.V.

AIG Australia Ltd.

Allianz Australia Insurance Ltd. Allied World Assurance Co. Ltd.

The following is a list of S&P Global Ratings insurer financial strength ratings assigned to insurance companies in Australia and New Zealand. Ratings as at 13 April 2026 . Contact: Craig Bennett, S&P Global Ratings, 03 9631 2197

Berkshire Hathaway Specialty Insurance Co.

CGU Australia Pty. Ltd.

Chubb Insurance Australia Ltd. Factory Mutual Insurance Co.

NEW ZEALAND NON-LIFE INSURERS AA Insurance Ltd.

RATING

Great Lakes Insurance S.E (Australia Branch)

Insurance Australia Ltd.

Liberty Mutual Insurance Co.

AA-/STABLE A+/STABLE A+/STABLE AA-/STABLE AA+/STABLE AA-/STABLE AA-/STABLE AA/STABLE AA/STABLE A/STABLE A+/STABLE A/STABLE AA-/STABLE AA-/STABLE

Mitsui Sumitomo Insurance Co. Ltd.

AIG Insurance New Zealand Ltd. Aioi Nissay Dowa Insurance Co., Ltd Allianz Australia Insurance Ltd.

NorthStandard Ltd.

QBE Insurance (Australia) Ltd. QBE Insurance (International) Ltd.

Society of Lloyd’s

Berkshire Hathaway Specialty Insurance Co.

Sompo Japan Insurance Inc. Southern Cross Benefits Ltd. The Hollard Insurance Co. Pty. Ltd

Chubb Insurance New Zealand Ltd. Factory Mutual Insurance Co. Great Lakes Insurance SE

A/STABLE A/STABLE

Tokio Marine & Nichido Fire Insurance Co., Ltd.

A+/POSITIVE AA/STABLE AA-/STABLE

XL Insurance Co. SE

IAG New Zealand Ltd.

Zurich Australian Insurance Ltd.

Medical Insurance Society Ltd. Mitsui Sumitomo Insurance Co. Ltd.

LENDERS MORTGAGE INSURERS Arch Lenders Mortgage Indemnity Ltd.

AA-/STABLE A/NEGATIVE A+/STABLE

NorthStandard Ltd.

Helia Insurance Pty Ltd.

QBE Insurance (Australia) Ltd.

QBE Lenders' Mortgage Insurance Ltd.

Society of Lloyd’s

LIFE INSURERS AIA Australia Ltd.

Southern Cross Benefits Ltd.

A/STABLE A/STABLE A/STABLE

AA-/STABLE A+/STABLE BBB+/STABLE

Southern Cross Pet Insurance Ltd. The Hollard Insurance Co. Pty. Ltd

Challenger Life Co. Ltd.

Hallmark Life Insurance Co. Ltd

Tokio Marine & Nichido Fire Insurance Co. Ltd. (New Zealand Branch)

A+/POSITIVE

REINSURERS Aspen Insurance UK Ltd. Berkley Insurance Co.

Vero Insurance New Zealand Ltd. Vero Liability Insurance Ltd. Zurich Australian Insurance Ltd.

AA-/STABLE AA-/STABLE AA-/STABLE

A/POSITIVE AA-/STABLE AA+/STABLE AA+/STABLE AA-/STABLE AA-/STABLE AA-/STABLE AA-/STABLE

General Reinsurance Australia Ltd. General Reinsurance Life Australia Ltd. Hannover Life Re of Australasia Ltd.

HEALTH INSURERS nib nz Ltd.

A/STABLE A+/STABLE

Hannover Rück SE

HDI Global SE

Southern Cross Medical Care Society

HDI Global Specialty SE

LENDERS MORTGAGE INSURERS Helia Insurance Pty Ltd. (NZ Branch) QBE Lenders' Mortgage Insurance Ltd.

Munchener Ruckversicherungs-Gesellschaft (Munich Reinsurance Co.) Munich Reinsurance Co. of Australasia Ltd.

AA/STABLE

A/NEGATIVE A+/STABLE

AA/STABLE AA-/STABLE AA-/STABLE A+/POSITIVE AA-/STABLE A+/STABLE A+/STABLE AA-/STABLE AA-/STABLE AA-/STABLE AA+/STABLE

Pacific Life Re (Australia) Pty Ltd.

LIFE INSURERS Hallmark Life Insurance Co. Ltd. (New Zealand Branch) BBB+/STABLE Medical Life Assurance Society Ltd. A/STABLE REINSURERS Hannover Life Re of Australasia Ltd. AA-/STABLE HDI Global Specialty SE AA-/STABLE

QBE Capital Ltd.

RenaissanceRe Europe AG

RGA Reinsurance Co. of Australia Ltd. SCOR Global Life Australia Pty Ltd. SCOR Reinsurance Asia Pacific Pte. Ltd. Swiss Re Asia Pte. Ltd. (Australia Branch)

Swiss Re International SE

Swiss Re Life & Health Australia Ltd.

Transatlantic Reinsurance Co.

NIBA .COM.AU / 63

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