DPL Insurance Limited underwrites a range of life and non-life consumer insurance products through the Greenwich Life Insurance and Mainstream Insurance brands. Turners Automotive Group is a New Zealand owned and operated company listed on the NZX and has been providing finance and insurance products for over 30 years.
Financial Strength Rating
Greenwich Life Insurance's consumer insurance policies are underwritten by DPL Insurance Limited.
The Insurance (Prudential Supervision) Act 2010 requires all licenced insurers to have a current Financial Strength Rating, given by an approved rating entity. DPL Insurance Limited has been issued a Financial Strength Rating of B+ (Good) and an Issuer Credit Rating of bbb- (Good) with the outlook assigned to both ratings as 'Stable' by A.M. Best.
A.M. Best company rating scale is:
A++, A+ (Superior), A, A- (Excellent), B++, B+ (Good), B, B- (Fair), C++, C+(Marginal), C, C- (Weak)
D (Poor), E (Under Regulator Suervision), F (In Liquidation), S (Suspended)
Insurer credit rating:
Investment Grade – aaa (Exceptional), aa (Superior), a (Excellent), bbb (Good)
Non Investmet Grade – bb (Fair), b (Marginal), ccc, cc (Weak), c (Poor), rs (Regulatory Supervision / Liquidation)