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FOR IMMEDIATE RELEASE
SINGAPORE - OCTOBER 13, 2017 11:14 AM (EDT)
A.M. Best has placed under review with positive implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Quest Insurance Group Limited (New Zealand).
The company is being placed under review following the release of the updated Best’s Credit Rating Methodology (BCRM). The BCRM is a reorganization of the global credit rating methodology for (re)insurance companies. A.M. Best will continue to assess the effect that the updates to the BCRM have on the current ratings of the company, and will complete any corresponding rating updates in the near term.
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